ACM Research, based in Fremont, California, specializes in single-wafer wet cleaning equipment and advanced packaging tools, employing 1,590 staff since its IPO on November 3, 2017. The company utilizes SAPS and TEBO technologies for fabricating various semiconductor chips.
Chenming Hu sold 163,308 shares of ACMR on 17 March at $30.00 per share, worth a total of $4.9M. They now own 100,002 ACMR shares, or a 62% holding decrease.
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