ACM Research Sees Strong Growth But May Face International Headwinds

Mar. 04, 2024 12:18 PM ETACM Research, Inc. (ACMR) StockAMKR, SMCI, ACMR6 Comments
Michael Del Monte
4.93K Followers

Summary

  • ACM Research had a strong FY23 with significant sales growth across all segments and is making progress towards their $1b revenue goal.
  • The company is expanding operations internationally and expects to complete its Lingang facility in Mainland China in mid-2024.
  • ACM may face headwinds in their international expansion as tensions grow between the US and China.
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ACM Research (NASDAQ:ACMR) experienced a strong FY23 as the firm realized significant sales growth across all segments for their cleaning, plating, and furnace technologies. Management is currently expanding operations internationally and anticipates the completion of their Lingang facility in Mainland China in

This article was written by

4.93K Followers
Michael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working across industries that include O&G, OFS, Midstream, Industrials, Information Technology, EPC Services, and consumer discretionary.Investment recommendations are built upon the entirety of the investment ecosystem rather than considering a company independently.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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