ENTITY · acm_research
ACM ResearchACMR
United States·cleaning·challenger·$7.6B mkt cap
Cleaning equipment challenger with most revenue from China fabs.
CLEAR · 0–39
27/100 illustrative
Underwriting Thesis
CLEAR — ACM Research: criticality to DoD-exposed downstream programs compounded by sole-source / single-point-of-failure dominance in cleaning. A chokepoint underwriting concern at this tier.
Factor Breakdown
Foreign-Origin Concentration3
Sole-Source Dependence58
Sanctions Exposure0
Downstream Criticality60
Sanctions Exposure
Entity not present on tracked screening lists (CSL).
DoD Exposure
No matched DoD semiconductor awards (USASpending) for this entity.
Shortest paths → DoD-exposed firms
- GlobalFoundries · 1 hop · $1.05BACM Research → GlobalFoundries
- Marvell Technology · 2 hops · $184.3MACM Research → TSMC → Marvell Technology
- Valens Semiconductor · 2 hops · $28.3MACM Research → TSMC → Valens Semiconductor
- Scale AI · 3 hops · $105.6MACM Research → SMIC → NVIDIA → Scale AI
Possible substitutes · same commodity buckets
Chokepoint Relationships
Key Suppliers · upstream · 0
No mapped upstream suppliers.
Key Customers · downstream · 8
- SMICChinaHostileADVERSARY
- ADVERSARY
- TSMCTaiwanCHOKEPOINT
- Samsung ElectronicsSouth KoreaALLIED
- IntelUnited StatesDOMESTIC
- SK hynixSouth KoreaALLIED
- Micron TechnologyUnited StatesDOMESTIC
- GlobalFoundriesUnited StatesDOMESTIC