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ACMR · Technology · Semiconductors · Market cap $6.60B

2 funds in our archive have pitched ACM Research — most recently Goodhart Partners Global Future Leaders Fund in June 2026.

Company profile

ACM Research, Inc., along with its affiliated companies, is a global developer, manufacturer, and provider of specialized single-wafer wet cleaning systems. These crucial systems are designed to enhance manufacturing processes and improve the yield of integrated circuits across the globe. The company's innovative technological offerings include: Space Alternated Phase Shift (SAPS) technology: This system uniformly applies megasonic energy at a microscopic scale to both flat and patterned wafer surfaces by utilizing alternating phases of megasonic waves. Timely Energized Bubble Oscillation (TEBO) technology: Specifically engineered for patterned wafer surfaces at advanced process nodes, this technology precisely cleans intricate 2D and 3D patterned wafers. Tahoe technology: Providing superior cleaning performance, this solution significantly reduces the consumption of sulfuric acid and hydrogen peroxide. Electro-chemical plating technology: This offering facilitates advanced metal plating processes. ACM Research markets and sells its product line, branded as Ultra C, through a combination of its own direct sales force and independent third-party representatives. Established in 1998, ACM Research, Inc. is headquartered in Fremont, California.

Fund coverage · 2 theses

  • Goodhart Partners Global Future Leaders Fund
    June 2026

    ACM Research is held as a mid-cap semiconductor value-chain business with idiosyncratic drivers and less dependence on the semiconductor capex cycle.

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  • Kathmandu Capital
    June 2025

    Poised to ride China’s semiconductor self-sufficiency drive, ACM Research offers explosive upside through market share gains, valuation arbitrage, and a protected U.S. listing that unlocks asymmetric growth potential.

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