Advanced Micro-Fabrication Equipment Inc. China (688012.SS)

Chinese etching tools giant AMEC sees 2023 sales rise more than 30% on strong demand from mainland semiconductor fabs

Chinese etching tools giant Advanced Micro-Fabrication Equipment (AMEC) expects revenue last year to grow more than 30 per cent from 2022, as core technology breakthroughs enabled the firm to deploy more chip-making gear to domestic semiconductor fabrication plants. Shanghai-based AMEC said in a regulatory filing on Sunday that its 2023 revenue is expected to reach 6.26 billion yuan (US$879 million), up 32.1 per cent from the previous year, on the back of strong domestic demand. The company said