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Why ACM Research’s China Quasi‑Monopoly in Chip Cleaning May Redefine Its Moat (ACMR)
Recent commentary on ACM Research highlights how its proprietary SAPS and TEBO cleaning technologies have become critical for advanced memory chip production at major Chinese customers such as SK Hynix and YMTC.
The analysis argues that U.S. sanctions on rival equipment suppliers have effectively given ACM Research a quasi-monopoly in China, underpinning its push into new areas like deposition and advanced packaging.
We’ll now explore how ACM Research’s quasi-monopoly position in China...