ACM Research Announces Receipt of Significant SAPS Orders
ACM Research, Inc. - Class A (ACMR)
Last acm research, inc. - class a earnings: 3/18 04:10 pm
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Source: GlobeNewswire
FREMONT, Calif., Jan. 23, 2018 (GLOBE NEWSWIRE) -- ACM Research, Inc. (NASDAQ:ACMR), a provider of single-wafer wet cleaning equipment used by manufacturers of advanced semiconductors, announced today that it has recently received significant orders for wafer-cleaning tools based on ACM’s proprietary Space Alternated Phase Shift (SAPS) technology. The orders, which have been received over the past eight weeks, represent binding purchase commitments totaling $38.1 million from five existing customers, with three existing customers agreeing to purchase multiple tools. Each purchase order contains agreed technical specifications. We intend to ship all of the ordered tools by the third quarter of 2018, and we estimate the tools will be accepted, and their sales prices recognized as revenue, in 2018. The customers are located in China and Korea, and they manufacture 3D NAND and DRAM memory chips as well as logic chips and advanced packaging. ACM’s President and Chief Executive Officer
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- ACMR's page on the SEC website