ACM Research Expands Memory Customer Base with Receipt of SAPS-V Order from New Customer in China
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., July 19, 2019 (GLOBE NEWSWIRE) -- ACM Research, Inc. (“ACM” or the “Company”) (NASDAQ:ACMR), a provider of single-wafer wet cleaning equipment used by manufacturers of advanced semiconductors, today announced the receipt of a purchase order for a SAPS-V single wafer cleaning tool from an emerging manufacturer of DRAM memory chips in China. The customer ordered the Company’s most advanced and newest SAPS tool, the SAPS-V. Equipped with twelve chambers, the SAPS-V tool is designed to remove tiny defects uniformly across an entire 12-inch wafer, thus helping the customer achieve higher yields. The Company expects to deliver this first tool in the fourth quarter of 2019, with revenue recognition upon qualification and acceptance. ACM’s President and Chief Executive Officer Dr. David Wang commented, “This order, from an important new DRAM customer in China, is a positive milestone, and adds another potential major player to ACM’s customer base. We provide our custome
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