ACM Research (ACMR) Misses Q1 EPS by 1c

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ACM Research Reports First Quarter 2022 Results

May 6, 2022 5:02 AM EDT

FREMONT, Calif., May 06, 2022 (GLOBE NEWSWIRE) -- ACM Research, Inc. (ACM or the Company) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today reported financial results for its first fiscal quarter ended March 31, 2022.

As we announced on April 7 and April 27, our results for the first quarter of 2022 were significantly impacted by the COVID-19 related restrictions in Shanghai, which limited employee access and logistics activities of our facilities in Pudong, said Dr. David Wang, ACMs President and Chief Executive Officer. The lockdown impacted ACMs ability to ship... More