Technology
ACM Research, Inc. (ACMR)
Data as of July 16, 2026
Environment story
ACM Research discloses minimal direct environmental metrics, with no published Scope 1, 2, or 3 emissions data, net-zero target year, or renewable energy percentage. The company mentions environmental consideration in product marketing (e.g., Tahoe technology for reduced chemical consumption) but provides no third-party verified lifecycle assessments or decarbonization infrastructure investments. No sustainability report or climate commitment disclosure identified. Absence of verified environmental targets and emissions transparency results in significant deductions. No major environmental controversies or fines detected in available filings.
Criticisms on file
No material criticisms on file for this pillar.
Disclosed initiatives
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Tahoe Technology for Chemical EfficiencyTahoe technology marketed as delivering high cleaning performance using significantly less sulfuric acid and hydrogen peroxide than conventional high-temperature single-wafer cleaning tools.Reduces chemical consumption for customer operations; does not constitute direct company decarbonization.
Social story
ACM Research provides no disclosed CEO-to-median-worker pay ratio, workforce diversity metrics, or turnover statistics. No union-suppression activities or strikes reported in 10-K. Leadership diversity data not disclosed; board composition and diversity breakdown absent. Supply-chain audits and human-rights due diligence disclosures not found. Company acknowledges substantial operations in mainland China and Korea but does not detail supply-chain ethical standards, labor practices at contract manufacturers, or third-party audits. No documented labor controversies, NLRB complaints, or strikes in filing period.
Criticisms on file
No material criticisms on file for this pillar.
Disclosed initiatives
No disclosed initiatives on file for this pillar.
Governance story
ACM Research operates with a single-class equity structure (no dual-class share disparity disclosed). Board independence percentage not disclosed in available filings. Lobbying expenditures not quantified in 10-K; no evidence of anti-climate or anti-consumer advocacy. However, the company is subject to significant regulatory scrutiny: ACM Shanghai and ACM Korea were added to the U.S. Department of Commerce BIS Entity List on December 2, 2024, prohibiting export of controlled items without authorization. Company faces potential delisting risk if PCAOB cannot inspect its China-based auditor (Ernst & Young Hua Ming LLP) for two consecutive years under the HFCA Act. These regulatory constraints represent material governance/compliance risks. No antitrust or financial-fraud proceedings disclosed.
Criticisms on file
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Addition to U.S. BIS Entity List (December 2, 2024): ACM Shanghai and ACM Korea subsidiaries designated, restricting exports of controlled items worldwide without BIS authorization.Source: ACMR 10-K, MD&A section, December 2, 2024 BIS Final Rule
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HFCA Act Delisting Risk: Independent auditor Ernst & Young Hua Ming LLP based in mainland China; if PCAOB unable to complete inspections for two consecutive years, SEC may place company on Conclusive List, leading to trading prohibition and delisting.Source: ACMR 10-K, Risk Factors and MD&A sections
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Export Control Restrictions: Multiple rounds of U.S. export control tightening (October 2022–2025) and aligned restrictions from Netherlands and Japan limit procurement of U.S.-subject components and technology for ACM Shanghai and ACM Korea operations.Source: ACMR 10-K, MD&A section, describing EAR restrictions and third-country measures
Disclosed initiatives
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PCAOB Audit Compliance MonitoringCompany acknowledges HFCA Act requirements and potential risk of delisting if auditor inspections cannot be completed.Reactive compliance posture; significant delisting risk if China audit restrictions persist.
These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of ACM Research, Inc.. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open ACM Research, Inc. in the app for interactive charts and portfolio building.
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