ACM Research, Inc. Provides Preliminary Revenue Guidance for the Year 2019; Provides Revenue Guidance for the Year 2020
January 14, 2020 at 06:07 am
Share
ACM Research, Inc. provided preliminary revenue Guidance for the year 2019 and provided revenue Guidance for the year 2020. For the year 2019, the company expects preliminary unaudited revenue to be in the range of $105 million to $107 million. This would represent 41% to 43% annual growth, and would equal or exceed the outlook provided in its third quarter 2019 earnings release issued on November 6, 2019.
The company also announced that it expects revenue for the full year 2020 to be in the range of $130 million to $150 million, which would represent annual growth of between 21% and 43%.
ACM Research, Inc. develops, manufactures and sells semiconductor process equipment for single-wafer or batch wet cleaning, electroplating, polishing and thermal processes that are critical to advanced semiconductor device manufacturing, as well as wafer-level packaging. The Company offers two principal models of wet wafer cleaning equipment based on its Space Alternated Phase Shift (SAPS) technology, Ultra C SAPS II and Ultra C SAPS V. It has also developed Timely Energized Bubble Oscillation (TEBO) technology for application in wet wafer cleaning during the fabrication of 2D and 3D wafers with fine feature sizes. It has designed these tools for use in fabricating foundry, logic and memory chips, including dynamic random-access memory (DRAM), 3D NAND-flash memory chips, and compound semiconductor chips. The Company also develops, manufactures and sells a range of advanced packaging tools to wafer assembly and packaging customers.
ACM RESEARCH, INC. 
