- In its efforts to expand product line of semiconductor capital equipment, ACM Research's (ACMR +5.0%) operating subsidiary ACM Research (Shanghai) began construction of its new development and production facility in the Lingang Special Area of China (Shanghai) Pilot Free Trade Zone.
- Groundbreaking ceremony was conducted on July 7, 2020 for the 100K sq.mt facility which will support increased production capacity and related R&D activities when fully staffed and supplied.
- The Lingang facility will support potential growth of operations in Korea, the Taiwan region, and U.S.