[News] Chinese Semiconductor Equipment Manufacturers Set New Records

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Recently, three leading Chinese semiconductor equipment manufacturers—AMEC (Advanced Micro-Fabrication Equipment Inc.), NAURA Technology Group, and ACM Research—released their latest 2024 financial forecasts and updates on new equipment developments.

From revenue and profit changes to R&D investments, new equipment launches, and capacity expansion, the reports reflect strong demand in the China market and significant progress in the localization of the semiconductor equipment industry.

AMEC: Steady Growth in Etching Business, Breakthroughs in Thin Film Equipment

AMEC forecasts 2024 revenue of RMB 9.065 billion, a year-on-year growth of 44.7%. In Q4 alone, revenue is expected to reach RMB 3.06 billion, up 60% year-on-year. However, net profit for 2024 is estimated at RMB 1.6 billion, representing a 10.6% decline compared to the previous year.

The drop in profit is attributed to a substantial increase in R&D spending, which will total RMB 2.45 billion in 2024—a 94.13% rise from 2023—accounting for 27.03% of total revenue.

In 2025, AMEC plans to significantly ramp up R&D efforts by investing in a new wholly-owned subsidiary, AMEC Semiconductor Equipment (Chengdu) Co., Ltd., located in Chengdu High-tech Zone.

This facility will serve as a R&D and production base as well as the Southwest China headquarters.

The project, with a total investment of approximately RMB 3.05 billion from 2025 to 2030, will focus on the development and production of advanced equipment for high-end logic and memory chips, including chemical vapor deposition (CVD) equipment, atomic layer deposition (ALD) equipment, and other critical tools.

ACM Research: Robust Demand in the China Market Drives Revenue Growth by Over 50%

According to ACM Research’s January 14 announcement, its 2024 revenue is projected to range between RMB 5.6 billion and RMB 5.88 billion, a year-on-year increase of 44.02% to 51.22%.

In the first three quarters of 2024, the company already achieved revenue of RMB 3.977 billion, with a net profit of RMB 758 million. This growth is driven primarily by the recovery of the global semiconductor industry and strong demand in the China market, resulting in a solid backlog of orders. ACM Research also projects 2025 revenue to be between RMB 6.5 billion and RMB 7.1 billion.

ACM Research specializes in semiconductor cleaning and electroplating equipment, vertical furnace systems, and advanced packaging wet process equipment, covering wafer manufacturing and advanced packaging sectors.

NAURA: Expanding Across Multiple Segments, Accelerating Capacity Expansion and Investments

NAURA Technology Group’s 2024 performance forecast projects revenue between RMB 27.6 billion and RMB 31.78 billion, reflecting a year-on-year growth of 25.00% to 43.93%.

Net profit attributable to shareholders is expected to be RMB 5.17 billion to RMB 5.95 billion, an increase of 32.60% to 52.60%. Excluding non-recurring items, net profit is estimated at RMB 5.12 billion to RMB 5.89 billion, representing growth of 42.96% to 64.46%.

This performance growth is primarily attributed to significant achievements in new product development. Key products, such as capacitively coupled plasma (CCP) etching equipment, plasma-enhanced chemical vapor deposition (PECVD) systems, atomic layer deposition (ALD) vertical furnaces, and stacked wafer cleaning systems, have been successfully integrated into customer production lines and achieved large-scale sales.

Additionally, NAURA has successfully developed high-density plasma CVD (HDPCVD), dual-damascene CCP etchers, and high-k dielectric ALD systems, which have been stably mass-produced for multiple clients.

 

(Photo credit: AMEC)