Jun Hong

Jun Hong inquired about the potential shipment size for single wafer cleaning tools delivered to a Singapore-based foundry, the prospects of penetrating Singapore-based memory makers, and the progress and order forecasts for panel-level packaging with Taiwanese players. He also asked about future disposals of ACM Shanghai stock.

Answer

CEO David Wang confirmed tools are in installation in Singapore, expecting qualification this year, leading to more cleaning and copper plating tool introductions across Asia (Singapore, Korea, Taiwan) and the US, driven by AI. He highlighted discussions with key Taiwanese customers for panel-level packaging, noting ACM's unique horizontal plating technology will be a keynote at an upcoming Taiwan conference. He anticipates additional purchase orders for vacuum cleaning and horizontal copper plating from Taiwan, Korea, and Singapore. Regarding ACM Shanghai stock, David Wang stated flexibility in fundraising (US or Shanghai) and that future sales would depend on funding needs, timeline, and stock valuation, as the stock is currently considered undervalued.

Jun Hong asked about the company's perspective on further stock disposal of ACM Shanghai, particularly if more funding is needed for US international capacity builds.

Answer

CEO David Wang noted the recent sale of 1.3% of ACM Shanghai shares, generating $111 million, and emphasized ACM's flexibility in raising funds from either the US or Shanghai markets. He stated that ACM Shanghai stock is currently considered undervalued. The decision on future sales will depend on funding demand, timelines, and the prevailing stock price in Shanghai. David Wang reiterated confidence in funding global market investments, indicating that the company has multiple avenues for capital generation.