“We are planning for continued growth in 2025 amidst the ever-evolving geopolitical environment,” said CEO David Wang. “We anticipate continued investments in production capacity by our mainland China customers, with incremental contribution from single-wafer SPM, Tahoe, Furnace and other new products, and we believe the impact to our supply chain from the new U.S. component export restrictions on ACM Shanghai’s tool production is manageable. At the same time, we remain committed to developing world-class tools to expand our business into markets beyond mainland China, which we believe will play a growing role in the coming years.”
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ACMR:
- ACM Research raises 2024 revenue view to $755M-$770M from $725M-$745M
- ACM Research put volume heavy and directionally bearish
- ACM Research call volume above normal and directionally bullish
- ACM Research: PEALD furnace tool achieved process qualification in China
- ACM Research entity list ban-related selling looks ‘overdone,’ says Benchmark