Hong Kong-based Triata Capital boosted its holding in ACM Research by acquiring an additional 413,000 shares during the third quarter, lifting its total stake to 2 million shares valued at approximately $78.4 million. This positions ACM Research as the fund’s fourth-largest U.S. equity investment, representing 9.15% of its reported 13F assets under management of $856.8 million. Triata’s conviction comes despite a 162% rally in ACM Research’s stock over the past year, underscoring the fund’s belief in sustained demand for the company’s single-wafer wet cleaning and electrochemical plating systems. Alongside stakes in PDD, VNET and GDS, ACM Research now anchors Triata’s semiconductor equipment exposure within a portfolio heavily weighted toward China-linked technology names.

ACM Research announced it will publish its preliminary revenue range for fiscal 2025 and provide its initial revenue forecast for 2026 before U.S. market open on January 22, 2026. The company, which generated $880.4 million in revenue and $117.1 million in net income over the trailing twelve months, aims to guide investors on growth expectations amid continued strength in advanced semiconductor and packaging tool demand. Prior to that, ACM will participate in the virtual 28th Annual Needham Growth Conference on January 15, offering one-on-one meetings to discuss its technology roadmap for wafer- and panel-level processing solutions.