ACM Research Inc. Company profile
About ACM Research Inc
ACM Research, Inc. develops, manufactures and sells wet cleaning and other equipment used to improve the manufacturing process and yield for integrated chips. The Company markets and sells its wet-cleaning equipment under the brand name Ultra C, based on the Company's Space Alternated Phase Shift (SAPS), Timely Energized Bubble Oscillation (TEBO), and Tahoe technologies. These tools are designed to remove random defects from a wafer surface, without damaging the wafer or its features. It has designed these tools for use in fabricating foundry, logic and memory chips, including dynamic random-access memory (DRAM) and 3D NAND-flash memory chips. It also develops, manufactures and sells a range of packaging tools to wafer assembly and packaging customers.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, ACM Research Inc revenues increased 66% to $259.8M. Net income increased from $18.8M to $37.8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Change in fair value of financial liabil decrease from $12M (expense) to $0K, Equity income in net income of affi increase from $655K to $4.6M (income).
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