ACM Research Announces Grand Opening of New Factory in Shanghai

ACM Research (NASDAQ:ACMR) announced the opening of its new production facility in Shanghai located in Pudong region.

The company said that the new factory has a total of 50,000 square feet of space and has capacity to support an incremental $250 million of annual production when fully loaded.

As quoted in the press release:

ACM Research’s President and Chief Executive Officer Dr. David Wang commented, “We are excited to celebrate this milestone with our community.  Our partnership with the Shanghai Pudong region has been a significant driving force behind our capacity expansion project.  Our employees and partners have worked hard to start up this facility, and we are very excited to expand our manufacturing presence in the Shanghai area, which will greatly maximize our operational efficiency at our current scale.  We continue to believe that our proximity to large customers in China as well as the rest of Asia gives us a competitive advantage in anticipating the latest technical and manufacturing requirements at some of the most advanced fabs in the world.”

This represents capacity to support an incremental $250 million of annual production when fully-loaded.  In addition to the Company’s original factory in the Zhangjiang High Tech Park, ACM Research now has a combined total of 86,000 square feet of floor space, which could support more than $350 million of annual production capacity.

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