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  "documentTitle": "ACM Research, Inc. (ACMR)",
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      "text": "Track. Track systems are used for coating and developing photoresist as part of inline lithography processes and account for 3-4% of global WFE spend. ACMR introduced its first Ultra Lith Track tool in 2022, and it is currently in evaluation at a major Chinese foundry.",
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      "text": "Plasma Enhanced Chemical Vapor Deposition (PECVD). PECVD is a deposition process that uses plasma to deposit thin films on a substrate using lower temperatures. Also introduced in 2022, ACMR's Ultra Pmax tool employs a unique configuration.",
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      "text": "as more advanced techniques such as TSV electroplating are adopted locally. AP is also providing an opening for engagement with top-tier foundries and packaging companies outside China. Over the near term, ACMR expects AP to generate 10-15% of total revenue.",
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      "text": "Source: ACMR SEC filings and earnings call transcripts and Kerrisdale analysis",
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