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ACM Research
Manufacture and sell single-wafer wet cleaning equipment
About ACM Research
ACM Research, Inc. (NASDAQ: ACMR) is a developer and manufacturer of wet processing equipment for the semiconductor industry, specializing in single-wafer cleaning technology. The company's business model is centered on the sale of this capital equipment to semiconductor manufacturers and foundries globally. Its primary revenue is generated through the sale of its proprietary systems, with additional income from services and spare parts. ACM Research serves clients in integrated circuit (IC) manufacturing, advanced wafer-level packaging (WLP), and wafer manufacturing. Key customers include major industry players like SK Hynix, SMIC, and Hua Hong Semiconductor.
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Founded in Silicon Valley in 1998 by Dr. David H. Wang, the company initially targeted stress-free copper polishing technology. Dr. Wang, who holds a Ph.D. in Precision Engineering from Osaka University and a B.S. from Tsinghua University, leveraged his extensive R&D background to invent this technology and has since secured over 100 patents. In 2003, responding to increasing defect-reduction challenges in IC production, ACM pivoted to develop single-wafer cleaning equipment. A significant milestone was the establishment of ACM Research (Shanghai), Inc. in 2006, which now houses its main R&D and manufacturing operations. The company went public on the NASDAQ in November 2017. In December 2024, the company was added to the U.S. Department of Commerce's Entity List.
ACM Research's core offering lies in its proprietary cleaning technologies: Space Alternated Phase Shift (SAPS™) and Timely Energized Bubble Oscillation (TEBO™). SAPS technology delivers uniform megasonic energy across the entire wafer, effectively removing microscopic defects even on warped wafers. TEBO is designed for damage-free cleaning of fragile, high-aspect-ratio 3D patterned wafers, such as FinFET and 3D NAND, which is crucial for next-generation semiconductor devices. The product portfolio includes a range of equipment for front-end-of-line (FEOL) and back-end-of-line (BEOL) processes, such as single-wafer cleaners, furnaces, and electro-chemical plating (ECP) systems. These systems are designed to improve manufacturing yields, reduce chemical consumption, and lower the overall cost of ownership for chipmakers.
At a glance
- Founded
- 1998
- Headquarters
- Fremont, United States
- Listing
- IPO 2017
- Sector
- Semiconductors
- Power Law
- Unicorn$1–10B valuation tierThoroughbred$100M+ revenue
Latest news
Press, funding announcements and product moves mentioning ACM Research.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
- SVSycamore Ventures
Series B and later2 investors entered at this stage
Jackson Creek Investment Advisors- TMTekne Capital Management
Source: Dealroom Talent Intelligence.
Global footprint
team presence
across markets
Patents
595 active patent families included in this estimate.
A patent family groups patent filings for the same invention. Source: Dealroom · PatSnap.
Market sentiment
An AI-synthesised read of the highest-engagement posts about ACM Research on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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