In its latest 13F filing with the Securities and Exchange Commission, Hong Kong–based Triata Capital disclosed the addition of 413,000 shares of ACM Research during the third quarter. This purchase lifted its total holding to 2 million shares, representing a position valued at $78.39 million at quarter-end. The fund’s overall U.S. equity portfolio stands at $856.81 million across 15 reportable positions, making ACM Research its fourth-largest stake at 9.15% of its reported assets under management.

Over the past 12 months, ACM Research shares have climbed by 162%, significantly outpacing the S&P 500’s 15.5% gain over the same period. Investors have been drawn to the company’s focus on single-wafer wet cleaning and electrochemical plating systems, technologies that are critical for advanced node wafer fabrication and packaging. This robust performance underscores market confidence in a sustained upcycle for specialized chip-making equipment, even as broader semiconductor spending faces cyclical pressures.

ACM Research announced it will release its preliminary revenue range for fiscal year 2025, along with its initial revenue outlook for 2026, before U.S. markets open on January 22, 2026. The company also plans to participate virtually in the 28th Annual Needham Growth Conference on January 15, hosting one-on-one meetings with institutional investors. This guidance event will provide critical insight into the company’s near-term growth trajectory, capital deployment plans and expected contribution from recent Shanghai STAR Market fundraising of approximately $623 million.