# ACM Research (Shanghai)

ACM Research (Shanghai) is a Corporate Investor based in Shanghai, China.

## Overview

- **Organization type:** Corporate Investor
- **Headquarters:** Shanghai, China
- **Region:** Asia
- **Address:** Building 4, No. 1690 Cailun Road, Zhangjiang High-Tech Park, Shanghai, China
- **Founded:** 2005
- **Assets under management:** Undisclosed
- **Website:** acmrcsh.com.cn
- **LinkedIn:** https://www.linkedin.com/company/acm-research-inc

## Regulatory record

- **Reports private funds:** No

## About

David H. Wang established ACM Research (Shanghai) in 2005, headquartered in Shanghai's Zhangjiang High-Tech Park. The entity operates as a corporate venture and asset-holding subsidiary of ACM Research, Inc., the publicly traded semiconductor wafer-cleaning equipment manufacturer Wang founded and still leads as Chairman and CEO. His brother, Jian Wang, serves as Vice President of R&D at the Shanghai entity, embedding family operational oversight within the corporate structure. As of early 2026, ACM Research, Inc. retained approximately 73.7% equity control of the Shanghai subsidiary. The firm deploys capital across venture-stage opportunities while managing a portfolio of hard assets that includes a research laboratory in Lingang, a headquarters and production facility on Cailun Road, and a sales and service center in Wuxi. Its direct investment activity targets information technology, healthcare, and business services, though ACM Research's core industrial identity — precision semiconductor cleaning tools used by global foundries — colors its venture thesis with deep familiarity in advanced manufacturing and materials science. Shanghai Science & Technology Venture Capital (Group) Co., Ltd. has co-invested alongside ACM Shanghai in private offerings, signaling a hybrid approach that blends corporate strategic capital with government-linked venture funding. The geographic footprint concentrates in Shanghai's Lingang Industrial Zone and Wuxi, two nodes of China's semiconductor and advanced manufacturing corridor. ACM Research (Shanghai) holds a mix of industrial real estate, residential assets — including public rental housing in the Lingang Industrial Zone — and cash equivalents on its balance sheet. The parent company's NASDAQ listing (ticker: ACMR) provides a level of financial disclosure uncommon among Chinese corporate venture arms, though the subsidiary's standalone venture portfolio size and team headcount remain unpublicized. The firm's leadership resides with David Wang, who directs investment decisions from his dual roles atop both the US-listed parent and the Shanghai operating company. The Wuxi sales and service center, housed in an IC design building, reinforces the firm's embeddedness in China's semiconductor ecosystem beyond pure financial investing. ACM Research (Shanghai) is structurally distinct from a conventional family office or independent venture fund: it is a majority-owned corporate subsidiary whose investing activity is inseparable from its parent's industrial strategy. This architecture means venture bets can serve dual purposes — financial return and supply-chain or customer-ecosystem development for ACM Research's core wafer-cleaning business. The Wang family's operational control, combined with co-investment relationships with Shanghai government-backed funds, creates a governance arrangement that is neither purely entrepreneurial nor state-directed, but a deliberate hybrid suited to China's tech-industrial policy environment.

## Sectors

- Enterprise Software
- Digital Health
- Materials & Manufacturing

## Offices

- Wuxi, China
- Lingang, Shanghai, China

## People

- David H. Wang — Founder, Chairman and CEO
- Jian Wang — Vice President of R&D

## Questions

### Who controls investment decisions at ACM Research (Shanghai)?

David H. Wang, founder and CEO of parent company ACM Research, Inc., directs the Shanghai subsidiary's investment and operational decisions. His brother, Jian Wang, serves as VP of R&D, embedding family oversight within the entity. The parent company holds approximately 73.7% equity as of early 2026, giving David Wang effective control over the subsidiary's capital allocation.

### How is ACM Research (Shanghai) related to the NASDAQ-listed ACM Research, Inc.?

ACM Research (Shanghai) is a majority-owned subsidiary of ACM Research, Inc. (NASDAQ: ACMR), the semiconductor wafer-cleaning equipment manufacturer David Wang founded. The parent held roughly 73.7% of the Shanghai entity as of early 2026. The Shanghai arm houses venture investments, manufacturing facilities, and real estate assets under the corporate umbrella.

### What does ACM Research (Shanghai) invest in?

The firm targets venture-stage opportunities in information technology, healthcare, and business services. Its corporate identity — rooted in semiconductor manufacturing equipment — also gives it direct operating and investing exposure to materials science and advanced manufacturing. The portfolio additionally includes hard assets such as industrial facilities and residential properties in Shanghai's Lingang and Zhangjiang zones.

### What hard assets does ACM Research (Shanghai) hold beyond venture investments?

The entity holds a research laboratory and a headquarters production facility in Shanghai's Zhangjiang High-Tech Park and Lingang zones, a sales and service center in Wuxi, public rental housing in the Lingang Industrial Zone, and cash equivalents. These assets reflect a corporate treasury strategy that combines operating real estate with residential and liquid holdings.

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Last updated: 2026-06-03T20:00:00.000Z

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