Jun Hang's questions to ACM Research Inc (ACMR) leadership • Q2 2025
Question
Jun Hang from J.P. Morgan asked for the 2026 China WFE outlook, a perspective on the competitive landscape for cleaning tools, and an update on progress in Taiwan and the panel-level packaging (PLP) timeline.
Answer
CEO David Wang stated that while 2026 WFE is hard to predict, ACM expects to outgrow the market due to its new product pipeline. He positioned ACM as the #1 cleaning tool supplier in China, driven by a broad, differentiated portfolio. For PLP, he highlighted ACM's unique horizontal plating technology as a key enabler that could accelerate the industry's adoption timeline. CFO Mark McKechnie added that current high OpEx reflects investment in this future growth.