Semiconductor Equipment Giant ACM Research Shanghai Backlog Surges 88% as AI Demand Accelerates

Chinese semiconductor equipment manufacturer ACM Research (Shanghai) Inc. announced an order backlog exceeding 17.07 billion yuan ($2.43 billion) as of late September, marking an 88.2 percent year-over-year surge propelled by accelerating domestic tool localization and surging global demand for artificial intelligence infrastructure. In a regulatory filing released late Sept. 30, the Shanghai-listed technology giant confirmed that its order book expanded substantially compared to voluntary disclosures during the same period last year. The company’s total market capitalization stood above 140 billion yuan ($20 billion) following the close of trading on Sept. 30. ACM Research Shanghai specializes in critical wafer fabrication and…