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    ACM Research Reports Third Quarter 2024 Results

    11/7/24 5:00:00 AM ET
    $ACMR
    Industrial Machinery/Components
    Technology
    Get the next $ACMR alert in real time by email

    FREMONT, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today reported financial results for its third quarter ended September 30, 2024.

    "I am pleased to report another strong quarter for ACM, with record revenue and shipments, good profitability, and positive cash flow from operations," said ACM's President and Chief Executive Officer, Dr. David Wang. "We believe our results demonstrate ACM's role as an innovator, delivering world-class tools that drive value for our customers and strengthen our position in the global market. Tahoe is gaining momentum with multiple logic and memory customers in production. This tool now delivers the same advanced cleaning performance as single-wafer tools, and at the same time up to 75% reduction of sulfuric acid use. We also believe the unique approach of our new panel products – including the Ultra ECP ap-p Horizontal Plating tool, the Ultra C vac-p Flux Cleaning tool, and the Ultra C bev-p Bevel Etching Tool – position ACM to become a significant contributor to the global adoption of AI chip manufacturing."

    Dr. Wang continued, "Looking ahead, we anticipate continued growth of our business in mainland China through market share gains and new product ramps. We have begun initial operations at our Lingang facility, and we remain committed to support major customers in the US, Europe, and Southeast Asia. Our near-term outlook has improved, and as a result, we have raised our 2024 revenue outlook."

     Three Months Ended September 30,
     GAAP Non-GAAP(1)
      2024   2023   2024   2023 
     (dollars in thousands, except EPS)
    Revenue$203,976  $168,569  $203,976  $168,569 
    Gross margin 51.4%  52.5%  51.6%  52.9%
    Income from operations$44,184  $33,173  $56,065  $43,754 
    Net income attributable to ACM Research, Inc.$30,904  $25,679  $42,372  $37,579 
    Basic EPS$0.49  $0.43  $0.68  $0.62 
    Diluted EPS$0.45  $0.39  $0.63  $0.57 
                    



     Nine Months Ended September 30,
     GAAP Non-GAAP(1)
      2024   2023   2024   2023 
     (dollars in thousands, except EPS)
    Revenue$558,647  $387,402  $558,647  $387,402 
    Gross margin 50.3%  50.9%  50.6%  51.1%
    Income from operations$107,009  $72,465  $147,801  $87,131 
    Net income attributable to ACM Research, Inc.$72,547  $59,649  $114,490  $78,743 
    Basic EPS$1.17  $0.99  $1.85  $1.31 
    Diluted EPS$1.07  $0.90  $1.70  $1.19 



    (1)Reconciliations to U.S. generally accepted accounting principles ("GAAP") financial measures from non-GAAP financial measures are presented below under "Reconciliation of GAAP to Non-GAAP Financial Measures." Non-GAAP financial measures exclude stock-based compensation and, with respect to net income (loss) attributable to ACM Research, Inc. and basic and diluted earnings per share, also exclude unrealized gain (loss) on short-term investments.

    Outlook

    ACM has raised its revenue guidance range for fiscal year 2024 to a range of $725 million to $745 million from the prior range of $695 million to $735 million. This expectation is based on ACM management's current assessment of the continuing impact from international trade policy, together with various expected spending scenarios of key customers, supply chain constraints, and the timing of acceptances for first tools under evaluation in the field, among other factors.

    Operating Highlights and Recent Announcements

    • Shipments. Total shipments in the third quarter of 2024 were $261 million, up 23% from the third quarter of 2023. Total shipments include deliveries for revenue in the quarter and deliveries of first tool systems awaiting customer acceptance for potential revenue in future quarters.
    • Major Performance Breakthrough for Flagship Ultra C Tahoe Cleaning Tool. The upgraded Ultra C Tahoe now achieves the performance of standalone single-wafer cleaning tools on low-to-medium temperature sulfuric peroxide mix (SPM) processes. The hybrid architecture delivers enhanced cleaning performance, high throughput, and process flexibility, with an up to 75% reduction in chemical consumption. The upgraded Ultra C Tahoe is now in production at several high-volume customer facilities in mainland China. Additional logic and memory customers are evaluating the tool, and we expect to deliver additional units through the end 2024.
    • Launched Ultra C bev-p Panel Bevel Etching Tool for Panel-Level Packaging Applications. The new tool is specifically designed for bevel etching and cleaning in copper-related processes and is capable of handling both the front and back side etching within a single system. This capability enhances process efficiency and product reliability.
    • Received Orders for Wafer-Level Packaging Tools from U.S. Customer and R&D Center. ACM has received purchase orders for four wafer-level packaging tools, including two from a U.S.-based customer and two from a U.S.-based research and development (R&D) center. The four tools support a range of advanced packaging processes and are scheduled for delivery in the first half of 2025.
    • Completed Purchase of Commercial Facility in Oregon. On October 1, 2024, ACM completed the purchase of a 39,500 square foot facility, including a 5,200 square foot functional clean room. This facility is intended to augment ACM's current Oregon facility and further expand ACM's R&D and demonstration capability in the U.S. market.
    • Opening of R&D and Production Facility. On October 20, 2024, ACM Shanghai celebrated the official opening of its new R&D and production facility in Lingang, China.

    Third Quarter 2024 Financial Summary

    Unless otherwise noted, the following figures refer to the third quarter of 2024 and comparisons are with the third quarter of 2023.

    • Revenue was $204.0 million, up 21%, reflecting higher sales of single wafer cleaning, Tahoe and semi-critical cleaning equipment and ECP (front-end and packaging), furnace and other technologies, partly offset by lower sales of advanced packaging (excluding ECP), services & spares.
    • Gross margin was 51.4% versus 52.5%. Non-GAAP gross margin, which excludes stock-based compensation, was 51.6% versus 52.9%. Gross margin exceeded ACM's long-term business model range of 40% to 45%. ACM expects gross margin to vary from period to period due to a variety of factors, such as product mix, currency impacts and sales volume.
    • Operating expenses were $60.7 million, an increase of 10%. Operating expenses as a percentage of revenue decreased to 29.7% from 32.8%. Non-GAAP operating expenses, which exclude the effect of stock-based compensation, were $49.2 million, up 8.5%. Non-GAAP operating expenses as a percentage of revenue decreased to 24.1% from 26.9%.
    • Operating income was $44.2 million, compared to $33.2 million. Operating margin was 21.7% compared to 19.7%. Non-GAAP operating income, which excludes the effect of stock-based compensation, was $56.1 million, compared to $43.8 million. Non-GAAP operating margin, which excludes stock-based compensation, was 27.5% compared to 26.0%.
    • Unrealized gain (loss) on short-term investments was $0.4 million, compared to an unrealized gain (loss) of $(1.3) million. Unrealized gain (loss) reflects the change in market value of the investments by ACM's principal operating subsidiary, ACM Research (Shanghai), Inc. The value is marked-to-market quarterly and is excluded in the non-GAAP financial metrics.
    • Income tax expense was $4.0 million, compared to $0.7 million.
    • Net income attributable to ACM Research, Inc. was $30.9 million, compared to $25.7 million. Non-GAAP net income attributable to ACM Research, Inc., which excludes the effect of stock-based compensation and unrealized gain (loss) on short-term investments, was $42.4 million, compared to $37.6 million.
    • Net income per diluted share attributable to ACM Research, Inc. was $0.45, compared to $0.39. Non-GAAP net income per diluted share, which excludes the effect of stock-based compensation and unrealized gain (loss) on short-term investments, was $0.63, compared to $0.57.
    • Cash and cash equivalents, plus restricted cash and short-term and long-term time deposits were $369.1 million at September 30, 2024, compared to $366.8 million at June 30, 2024.

    Conference Call Details

    A conference call to discuss results will be held on Thursday, November 7, 2024, at 8:00 a.m. Eastern Time (9:00 p.m. China Time). To join the conference call via telephone, participants must use the following link to complete an online registration process. Upon registering, each participant will receive email instructions to access the conference call, including dial-in information and a PIN number allowing access to the conference call. This pre-registration process is designed by the operator to reduce delays due to operator congestion when accessing the live call.

    Online Registration: https://register.vevent.com/register/BIcf4dbc584cf54892966d5353590ab648

    Participants who have not pre-registered may join the webcast by accessing the link at ir.acmrcsh.com/events.

    A live and archived webcast will be available on the Investors section of the ACM website at www.acmrcsh.com.

    Use of Non-GAAP Financial Measures

    ACM presents non-GAAP gross margin, operating expenses, operating income, net income attributable to ACM Research, Inc. and basic and diluted earnings per share as supplemental measures to GAAP financial measures regarding ACM's operational performance. These supplemental measures exclude the impact of stock-based compensation, which ACM does not believe is indicative of its core operating results. In addition, non-GAAP net income attributable to ACM Research, Inc. and basic and diluted earnings per share exclude the effect of stock-based compensation and unrealized gain (loss) on short-term investments, which ACM also believes are not indicative of its core operating results. A reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure is provided below under "Reconciliation of GAAP to non-GAAP Financial Measures."

    ACM believes these non-GAAP financial measures are useful to investors in assessing its operating performance. ACM uses these financial measures internally to evaluate its operating performance and for planning and forecasting of future periods. Financial analysts may focus on and publish both historical results and future projections based on the non-GAAP financial measures. ACM also believes it is in the best interests of investors for ACM to provide this non-GAAP information.

    While ACM believes these non-GAAP financial measures provide useful supplemental information to investors, there are limitations associated with the use of these non-GAAP financial measures. These non-GAAP financial measures may not be reported by competitors, and they may not be directly comparable to similarly titled measures of other companies due to differences in calculation methodologies. The non-GAAP financial measures are not an alternative to GAAP information and are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures. They should be used only as a supplement to GAAP information and should be considered only in conjunction with ACM's consolidated financial statements prepared in accordance with GAAP.

    Forward-Looking Statements

    Certain statements contained in this press release are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "plans," "expects," "believes," "anticipates," "designed," and similar words are intended to identify forward-looking statements. Forward-looking statements are based on ACM management's current expectations and beliefs, and involve a number of risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from those stated or implied by the forward-looking statements. A description of certain of these risks, uncertainties and other matters can be found in filings ACM makes with the U.S. Securities and Exchange Commission, all of which are available at www.sec.gov. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by ACM. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ACM undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in its expectations with regard to these forward-looking statements or the occurrence of unanticipated events.

    About ACM Research, Inc.

    ACM develops, manufactures and sells semiconductor process equipment for single-wafer or batch wet cleaning, electroplating, stress-free polishing, vertical furnace processes, Track and PECVD, which are critical to advanced semiconductor device manufacturing and wafer-level packaging. ACM is committed to delivering customized, high performance, cost-effective process solutions that semiconductor manufacturers can use in numerous manufacturing steps to improve productivity and product yield. For more information, visit www.acmrcsh.com.

    © ACM Research, Inc. ULTRA C and the ACM Research logo are trademarks of ACM Research, Inc. For convenience, these trademarks appear in this press release without ™ symbols, but that practice does not mean that ACM will not assert, to the fullest extent under applicable law, its rights to the trademarks.

    For investor and media inquiries, please contact:

    In the United States:The Blueshirt Group
     Steven C. Pelayo, CFA
     (360)808-5154
     [email protected]
      
    In China:The Blueshirt Group Asia
     Gary Dvorchak, CFA
     +86 (138) 1079-1480
     [email protected]



    ACM RESEARCH, INC.

    Condensed Consolidated Balance Sheets
     
     September 30, 2024 December 31, 2023
     (Unaudited)  
     (In thousands)
    Assets   
    Current assets:   
    Cash and cash equivalents$333,472  $182,090 
    Restricted cash 1,782   1,083 
    Short-term time deposits 20,304   80,524 
    Short-term investment 20,351   21,312 
    Accounts receivable, net 370,589   283,186 
    Other receivables 57,849   40,065 
    Inventories, net 628,720   545,395 
    Advances to related party 1,453   2,432 
    Prepaid expenses 10,794   20,023 
    Total current assets 1,445,314   1,176,110 
    Property, plant and equipment, net 250,099   201,848 
    Land use right, net 8,320   8,367 
    Operating lease right-of-use assets, net 5,680   7,026 
    Intangible assets, net 2,838   2,538 
    Long-term time deposits 13,517   40,818 
    Deferred tax assets 13,400   20,271 
    Long-term investments 33,655   27,880 
    Other long-term assets 21,352   6,050 
    Total assets$1,794,175  $1,490,908 
    Liabilities and Equity   
    Current liabilities:   
    Short-term borrowings$33,795  $31,335 
    Current portion of long-term borrowings 30,670   6,783 
    Related party accounts payable 15,392   11,407 
    Accounts payable 170,810   141,814 
    Advances from customers 215,678   181,368 
    Deferred revenue 10,138   3,687 
    Income taxes payable 6,796   6,401 
    FIN-48 payable 8,991   12,149 
    Other payables and accrued expenses 115,388   102,951 
    Current portion of operating lease liability 2,377   2,764 
    Total current liabilities 610,035   500,659 
    Long-term borrowings 106,069   53,952 
    Long-term operating lease liability 3,303   4,262 
    Other long-term liabilities 5,685   5,873 
    Total liabilities 725,092   564,746 
    Commitments and contingencies    
    Equity:   
    Stockholders' equity:   
    Class A Common stock 6   6 
    Class B Common stock 1   1 
    Additional paid-in capital 669,540   629,845 
    Retained earnings 229,374   156,827 
    Statutory surplus reserve 30,060   30,060 
    Accumulated other comprehensive loss (40,815)  (49,349)
    Total ACM Research, Inc. stockholders' equity 888,166   767,390 
    Non-controlling interests 180,917   158,772 
    Total equity 1,069,083   926,162 
    Total liabilities and equity$1,794,175  $1,490,908 



    ACM RESEARCH, INC.

    Condensed Consolidated Statements of Operations and Comprehensive Income
     
     Three Months Ended September 30, Nine Months Ended September 30,
      2024   2023   2024   2023 
     (Unaudited)
     ( In thousands, except share and per share data)
    Revenue$203,976  $168,569  $558,647  $387,402 
    Cost of revenue 99,142   80,055   277,908   190,263 
    Gross profit 104,834   88,514   280,739   197,139 
    Operating expenses:       
    Sales and marketing 15,759   16,803   47,067   37,579 
    Research and development 27,837   26,151   77,723   60,244 
    General and administrative 17,054   12,387   48,940   26,851 
    Total operating expenses 60,650   55,341   173,730   124,674 
    Income from operations 44,184   33,173   107,009   72,465 
    Interest income 2,967   2,152   7,122   6,283 
    Interest expense (1,208)  (640)  (2,923)  (1,984)
    Realized gain from sale of short-term investments 171   656   444   8,569 
    Unrealized gain (loss) on short-term investments 413   (1,319)  (1,151)  (4,428)
    Other income (expense), net (5,164)  (2,150)  (727)  156 
    Income (loss) from equity method investments 1,316   (160)  101   3,728 
    Income before income taxes 42,679   31,712   109,875   84,789 
    Income tax expense (4,007)  (718)  (17,712)  (11,235)
    Net income 38,672   30,994   92,163   73,554 
    Less: Net income attributable to non-controlling interests 7,768   5,315   19,616   13,905 
    Net income attributable to ACM Research, Inc.$30,904  $25,679  $72,547  $59,649 
    Comprehensive income (loss):       
    Net income 38,672   30,994   92,163   73,554 
    Foreign currency translation adjustment, net of tax 17,089   4,015   10,376   (21,831)
    Comprehensive Income 55,761   35,009   102,539   51,723 
    Less: Comprehensive income attributable to non-controlling interests 10,842   7,768   21,458   11,882 
    Comprehensive income (loss) attributable to ACM Research, Inc.$44,919  $27,241  $81,081  $39,841 
            
    Net income attributable to ACM Research, Inc. per common share:       
    Basic$0.49  $0.43  $1.17  $0.99 
    Diluted$0.45  $0.39  $1.07  $0.90 
            
    Weighted average common shares outstanding used in computing per share amounts:       
    Basic 62,500,903   60,219,218   62,017,257   59,953,144 
    Diluted 66,671,526   65,450,941   66,512,143   64,834,051 



    ACM RESEARCH, INC.

    Total Revenue by Product Category and by Region
     
     Three Months Ended

    September 30,
     Nine Months Ended

    September 30,
      2024  2023  2024  2023
     (Unaudited)
     ($ in thousand)
    Single wafer cleaning, Tahoe and semi-critical cleaning equipment$160,985 $132,417 $423,676 $281,559
    ECP (front-end and packaging), furnace and other technologies 34,600  25,508  99,362  71,223
    Advanced packaging (excluding ECP), services & spares 8,391  10,644  35,609  34,620
    Total Revenue By Product Category$203,976 $168,569 $558,647 $387,402



     Three Months Ended

    September 30,
     Nine Months Ended

    September 30,
     2024 2023 2024 2023
    Mainland China$203,672 $168,302 $552,642 $375,528
    Other Regions 304  267  6,005  11,874
    Total Revenue By Region$203,976 $168,569 $558,647 $387,402



    ACM RESEARCH, INC.

    Reconciliation of GAAP to Non-GAAP Financial Measures



    As described under "Use of Non-GAAP Financial Measures" above, ACM presents non-GAAP gross margin, operating expenses, operating income, net income attributable to ACM Research, Inc., and basic and diluted earnings per share as supplemental measures to GAAP financial measures, each of which excludes stock-based compensation ("SBC") from the equivalent GAAP financial line items. In addition, non-GAAP net income attributable to ACM Research, Inc., and basic and diluted earnings per share exclude unrealized gain (loss) on short-term investments. The following tables reconcile gross margin, operating expenses, operating income, net income attributable to ACM Research, Inc., and basic and diluted earnings per share to the related non-GAAP financial measures:

     Three Months Ended September 30,
      2024   2023 
     Actual

    (GAAP)
     SBC Other non-

    operating adjustments
     Adjusted

    (Non-GAAP)
     Actual

    (GAAP)
     SBC Other non-

    operating adjustments
     Adjusted

    (Non-GAAP)
     (In thousands)
    Revenue$203,976  $-  $- $203,976  $168,569  $-  $-  $168,569 
    Cost of revenue (99,142)  (447)  -  (98,695)  (80,055)  (588)  -   (79,467)
    Gross profit 104,834   (447)  -  105,281   88,514   (588)  -   89,102 
    Gross margin 51.4%  0.2%  -  51.6%  52.5%  0.3%  -   52.9%
    Operating expenses:               
    Sales and marketing (15,759)  (2,594)  -  (13,165)  (16,803)  (2,543)  -   (14,260)
    Research and development (27,837)  (3,373)  -  (24,464)  (26,151)  (3,421)  -   (22,730)
    General and administrative (17,054)  (5,467)  -  (11,587)  (12,387)  (4,029)  -   (8,358)
    Total operating expenses (60,650)  (11,434)  -  (49,216)  (55,341)  (9,993)  -   (45,348)
    Income (loss) from operations$44,184  $(11,881) $- $56,065  $33,173  $(10,581) $-  $43,754 
    Unrealized gain (loss) on short-term investments 413   -   413  -   (1,319)  -   (1,319)  - 
    Net income (loss) attributable to ACM Research, Inc.$30,904  $(11,881) $413 $42,372  $25,679  $(10,581) $(1,319) $37,579 
    Basic EPS$0.49      $0.68  $0.43      $0.62 
    Diluted EPS$0.45      $0.63  $0.39      $0.57 



     Nine Months Ended September 30,
     2024 2023
     Actual

    (GAAP)
     SBC Other non-

    operating adjustments
     Adjusted

    (Non-GAAP)
     Actual

    (GAAP)
     SBC Other non-

    operating adjustments
     Adjusted

    (Non-GAAP)
     (In thousands)
    Revenue$558,647  $-  $-  $558,647  $387,402  $-  $-  $387,402 
    Cost of revenue (277,908)  (2,020)  -   (275,888)  (190,263)  (838)  -   (189,425)
    Gross profit 280,739   (2,020)  -   282,759   197,139   (838)  -   197,977 
    Gross margin 50.3%  0.4%  -   50.6%  50.9%  0.2%  -   51.1%
    Operating expenses:               
    Sales and marketing (47,067)  (8,645)  -   (38,422)  (37,579)  (3,405)  -   (34,174)
    Research and development (77,723)  (12,082)  -   (65,641)  (60,244)  (4,831)  -   (55,413)
    General and administrative (48,940)  (18,045)  -   (30,895)  (26,851)  (5,592)  -   (21,259)
    Total operating expenses (173,730)  (38,772)  -   (134,958)  (124,674)  (13,828)  -   (110,846)
    Income (loss) from operations$107,009  $(40,792) $-  $147,801  $72,465  $(14,666) $-  $87,131 
    Unrealized gain (loss) on short-term investments (1,151)  -   (1,151)  -   (4,428)  -   (4,428)  - 
    Net income (loss) attributable to ACM Research, Inc.$72,547  $(40,792) $(1,151) $114,490  $59,649  $(14,666) $(4,428) $78,743 
    Basic EPS$1.17      $1.85  $0.99      $1.31 
    Diluted EPS$1.07      $1.70  $0.90      $1.19 


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      4/16/25 4:05:00 PM ET
      $ACMR
      Industrial Machinery/Components
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    • ACM Research Reports Fourth Quarter and Fiscal Year 2024 Results

      FREMONT, Calif., Feb. 26, 2025 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced packaging applications, today reported financial results for its fourth quarter and fiscal year ended December 31, 2024. "2024 was a year of strong execution for ACM. We expanded our product portfolio and broadened the addressable markets we serve," said ACM's President and Chief Executive Officer, Dr. David Wang. "We grew revenue by 40% and total shipments by 63%. We gained additional market share by capitalizing on product cycles and deepening engagements with key customers, demonstrating the strength of our multi-pr

      2/26/25 5:30:00 AM ET
      $ACMR
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    $ACMR
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    • Analyst initiated coverage on ACM Research with a new price target

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      2/28/25 9:53:59 AM ET
      $ACMR
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    • ACM Research upgraded by Craig Hallum

      Craig Hallum upgraded ACM Research from Hold to Buy

      2/26/25 1:27:40 PM ET
      $ACMR
      Industrial Machinery/Components
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      Craig Hallum downgraded ACM Research from Buy to Hold and set a new price target of $18.00

      12/5/24 8:33:23 AM ET
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      Industrial Machinery/Components
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    • Officer Wang David H exercised 130,000 shares at a strike of $1.00 and sold $3,009,804 worth of shares (130,000 units at $23.15) (SEC Form 4)

      4 - ACM Research, Inc. (0001680062) (Issuer)

      5/23/25 4:35:16 PM ET
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      Industrial Machinery/Components
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    • SEC Form 4 filed by Director Pappis Charles C

      4 - ACM Research, Inc. (0001680062) (Issuer)

      5/21/25 9:32:49 PM ET
      $ACMR
      Industrial Machinery/Components
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    • SEC Form 3 filed by new insider Pappis Charles C

      3 - ACM Research, Inc. (0001680062) (Issuer)

      5/21/25 9:30:29 PM ET
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      Industrial Machinery/Components
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    $ACMR
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    • ACM Research Reports First Quarter 2025 Results

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      5/8/25 5:00:00 AM ET
      $ACMR
      Industrial Machinery/Components
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    • ACM Research Announces Preliminary Unaudited Revenue and Shipments for the First Quarter 2025

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      4/29/25 8:00:00 AM ET
      $ACMR
      Industrial Machinery/Components
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    • ACM Research to Release First Quarter 2025 Preliminary Revenue Range on April 29, 2025 and Full Financial Results on May 8, 2025

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      4/16/25 4:05:00 PM ET
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    • Amendment: SEC Form SC 13D/A filed by ACM Research Inc.

      SC 13D/A - ACM Research, Inc. (0001680062) (Subject)

      10/29/24 9:30:06 PM ET
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    • Amendment: SEC Form SC 13D/A filed by ACM Research Inc.

      SC 13D/A - ACM Research, Inc. (0001680062) (Subject)

      10/8/24 9:38:21 PM ET
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    • SEC Form SC 13G/A filed by ACM Research Inc. (Amendment)

      SC 13G/A - ACM Research, Inc. (0001680062) (Subject)

      2/14/24 4:06:57 PM ET
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    • ACM Research Appoints Charlie Pappis to Board of Directors

      FREMONT, Calif., March 18, 2025 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced packaging applications, today announced the appointment of Charlie Pappis to its Board of Directors, effective March 15, 2025. With the addition of Mr. Pappis, ACM's Board of Directors now comprises five members, further strengthening its leadership and expertise as the company executes its long-term growth strategy. "We are thrilled to welcome Mr. Pappis to our Board of Directors," said Dr. David Wang, President and Chief Executive Officer of ACM. "His deep industry knowledge, proven leadership in scaling global oper

      3/18/25 4:05:00 PM ET
      $ACMR
      Industrial Machinery/Components
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    • ACM Research Appoints Howard Chen as General Counsel and Vice President of Corporate Strategy

      FREMONT, Calif., July 29, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today announced the appointment of Howard Chen as General Counsel and Vice President of Corporate Strategy, effective July 1, 2024. ACM's President and Chief Executive Officer Dr. David Wang, commented, "I am pleased to welcome Howard Chen to the ACM team. His legal knowledge and industry insight will be a valuable asset as we continue to navigate the complexities of the global semiconductor industry. We are confident that Howard's leadership will enhance our legal strategies and IP

      7/29/24 4:05:00 PM ET
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      Industrial Machinery/Components
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    • ACM Research Appoints David Kim as CEO of ACM Research Korea

      FREMONT, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today announced the appointment of David Kim as Chief Executive Officer of ACM Research Korea CO., LTD. ("ACM Research Korea"). Mr. Kim brings more than thirty years of semiconductor manufacturing experience to his new role, having held senior positions at major corporations such as Hyundai Electronics and SK Hynix. His extensive expertise encompasses leadership roles in semiconductor operations in the U.S., Korea and China. Mr. Kim holds a Bachelor of Science degree in Materials Scie

      5/8/24 5:50:15 AM ET
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    $ACMR
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    • ACM Research Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

      8-K - ACM Research, Inc. (0001680062) (Filer)

      5/23/25 4:05:43 PM ET
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    • SEC Form 10-Q filed by ACM Research Inc.

      10-Q - ACM Research, Inc. (0001680062) (Filer)

      5/12/25 4:01:34 PM ET
      $ACMR
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    • ACM Research Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - ACM Research, Inc. (0001680062) (Filer)

      5/8/25 6:01:02 AM ET
      $ACMR
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