Acm provides business update related to covid-19 developments in shanghai

Fremont, calif., april 07, 2022 (globe newswire) -- acm research, inc. (acm) (nasdaq: acmr), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging (wlp) applications, today announced that covid-19 related restrictions in shanghai are impacting employee access to and logistics activities of acm's offices and production facilities in the pudong district of shanghai, and is therefore limiting acm's ability to ship finished products to customers and to produce new products. spot lockdowns in mid-march began to impact a number of acm's employees and led to a closure of acm's administrative and r&d offices in zhangjiang in the pudong district. a subsequent lockdown of the entire pudong region of shanghai was imposed in late march, and has impacted the operation of acm's chuansha production facility. acm currently anticipates the restrictions will be lifted within a few weeks, at which point it expects to be able to resume normal operations.
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