ACM Research, Inc. (NASDAQ:ACMR) Q3 2023 Earnings Call Transcript

Mark McKechnie: Yes and David, if you don’t mind, maybe I’ll add a little bit on to that. I mean, it’s, again, it’s hard for us to kind of read the overall market. So we look at third-parties and we look at some of the same public companies you probably look at as well, right? If you look at some of the semi-cap names, our Investor Relations team pulled together some data. that were Q3, a lot of companies had a pretty big uptick sequentially. Hard to know exactly what that was driven by, but we were encouraged by kind of a big lithography ramp in Q3 for one of the players. And we look at that hopefully as some kind of a leading indicator. But David, I don’t know if you wanted to add anything on about that as well. There’s a lot of tea leaves that we try to pay attention to. And we look at our own business, and this is kind of how we see it.

David Wang: Yes, I mean, I think you are right. The lithography companies, they’re just years revenue in China, almost double, right? Look at that. What’s really indication say, normally [indiscernible] buying, right or shipment. So they get it right in first. So we’ll see that those two are definitely driving another demand for the semiconductor capital spending in China.

Charles Shi: Thanks.

Operator: Thank you. There seems to be no further questions. I would like to hand back to David Wang for closing remarks.

David Wang: Thank you, operator. And thank you all for participating on today’s call and for your supporting. Before we close, Gary is going to mention our upcoming investor relations events. Gary, please?

Gary Dvorchak: Thanks, David. Before we conclude I just want to give everyone a quick reminder on our upcoming investor conferences. On November 15th we will present at the 12th Roth, the 12th Annual Roth Technology Conference in New York City, November 16th, we will present at the 14th Annual Craig-Hallum Alpha Select Conference also in New York City, from November 29th to the 30th, we will present at UBS Global Technology Conference in Scottsdale, Arizona. And finally, on December 12th, we’ll present at the Annual CEO Summit in New York City. Attendance at the conferences is by invitation only. For interested investors, please contact your respective sales representative to register and schedule one-on-one meetings with their management team. This concludes the call. You may now disconnect.

Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.