NasdaqGM:ACMRSemiconductor
ACM Research (ACMR) Is Up 22.0% After Strong Q2 Growth and Raised China Market Forecast
ACM Research (Shanghai), Inc. recently reported nearly 40% sequential revenue growth in Q2, driven by higher equipment sales and strong demand in the logic and memory segments, while raising its estimate of China's serviceable addressable market to US$7.0 billion based on updated forecasts.
With order books fully committed for the third and likely fourth quarters, the company plans to expand capacity at its Lingang facility to support continued momentum in the semiconductor sector.
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