ACM Research Announces Expansion of Manufacturing Facility
February 15 2018 - 7:30AM
ACM Research, Inc. (“ACM Research” or the “Company”) (NASDAQ:ACMR),
a provider of single-wafer wet cleaning equipment used by
manufacturers of advanced semiconductors, announced today that it
plans to expand its manufacturing facility in Shanghai, China to a
total of 50,000 square feet, which will include 18,000 square feet
of clean room space for product assembly and testing.
The $1.5 million investment will create additional production
capability that can support more than $250 million of revenue. The
expansion is expected to be completed in the second quarter of
2018.
The manufacturing facility in Shanghai currently has a total of
36,000 square feet, with 8,000 square feet of class 10,000 clean
room space for product assembly and testing, plus 800 square feet
of class 1 clean room space for product demonstration purposes. A
“class” designation for a clean room denotes the number of
particles of size 0.5mm or larger permitted per cubic foot of
air.
ACM’s President and Chief Executive Officer Dr. David Wang
commented, “We anticipate rapid growth in demand for our
industry-leading Smart Megasonix cleaning technologies, and with
this project are preparing to meet our customers’ needs for on-time
delivery of high quality tools. This expansion in China puts our
production in close proximity to a significant amount of new fab
construction across Asia, enabling us to deliver tools to customers
more quickly and with less transportation cost and risk. Our
China-based engineering teams can also better serve customer needs
during design, installation and acceptance testing. This investment
further establishes ACM as a global leader in our segment of
semiconductor manufacturing equipment.”
About ACM Research, Inc.
ACM develops, manufactures and sells single-wafer wet cleaning
equipment, which semiconductor manufacturers can use in numerous
manufacturing steps to remove particles, contaminants and other
random defects, and thereby improve product yield, in fabricating
advanced integrated circuits.
Forward-Looking Statements
Information presented in the second paragraph of this press
release with respect to the estimated shipment and acceptance dates
for ACM’s tools and in the third paragraph with respect to ACM’s
ability to gain market share contain forward-looking statements for
purposes of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Actual results may vary
significantly from ACM’s expectations based on a number of risks
and uncertainties, including but not limited to the following:
anticipated customer orders or identified market opportunities may
not grow or develop as anticipated; customer orders already
received may be postponed or canceled; suppliers may not be able to
meet ACM’s demands on a timely basis; volatile global economic,
market, industry and other conditions could result in sharply lower
demand for products containing semiconductors and for the company's
products and in disruption of capital and credit markets; ACM’s
failure to successfully manage its operations; and trade
regulations, currency fluctuations, political instability and war
may materially adversely affect ACM due to its substantial non-U.S.
customer and supplier base and its substantial non-U.S.
manufacturing operations. ACM cannot guarantee any future results,
levels of activity, performance or achievements. ACM expressly
disclaims any obligation to update forward-looking statements after
the date of this press release.
© ACM Research, Inc. SAPS and the ACM Research logo are
trademarks of ACM Research, Inc. All rights reserved. Any other
trademarks are the property of their respective owners.
For investor and media inquiries, please
contact:
In the United States: |
|
The Blueshirt GroupRalph
Fong+1 (415) 489-2195ralph@blueshirtgroup.com |
|
|
|
In China: |
|
The Blueshirt Group
AsiaGary Dvorchak, CFA+86 (138)
1079-1480gary@blueshirtgroup.com |
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