ACM Research Business Summary

ACM Research, Inc. (ACMR) operates as a premier developer and manufacturer of high-performance capital equipment for the global semiconductor industry, primarily generating revenue through the direct sale of proprietary wafer-processing tools. The company’s business is anchored in its specialized wet-processing segments, including single-wafer and batch cleaning, electrochemical plating (ECP), and vertical furnace systems, alongside emerging portfolios in plasma-enhanced chemical vapor deposition (PECVD) and advanced packaging solutions. ACMR differentiates itself through patented technologies such as Space Alternated Phase Shift (SAPS) and Timely Energized Bubble Oscillation (TEBO), which address critical cleaning challenges in 3D NAND and advanced logic nodes. In the competitive landscape, ACM Research contends with industry titans Lam Research, Applied Materials, and Screen Holdings; it currently occupies a high-growth challenger position, leveraging a dominant manufacturing footprint in China while aggressively expanding its R&D and production capacity in the United States and South Korea to capture global market share. The company is led by founder Dr. Hui (David) Wang, who has served as Chief Executive Officer and President since 1998. Dr. Wang, a prolific inventor with over 100 patents and a Ph.D. in Precision Engineering from Osaka University, is the primary architect of the firm’s stress-free copper polishing and advanced cleaning technologies. Supporting the executive suite is Chief Financial Officer Mark McKechnie, a veteran of the semiconductor and finance sectors with over 25 years of experience at Intel, Motorola, and Evercore. The leadership team also includes Sotheara Cheav, who was elevated to Senior Vice President of Manufacturing in April 2025, and Howard Chen, who joined as General Counsel and VP of Corporate Strategy in 2024. ACM Research is backed by a robust base of institutional investors, including The Vanguard Group, BlackRock, and State Street, while its Board of Directors features seasoned industry leaders such as Lead Independent Director Dr. Haiping Dun and semiconductor veteran Charles Pappis.