Acmr has offices in the us but no manufacturing. Is that right

Yes, that is correct. ACM Research has offices in the United States, including in Fremont, California, and Hillsboro, Oregon, but does not have manufacturing facilities in the country. The company's headquarters are located in Fremont, California, and it also has a research and development center in Hillsboro, Oregon. ACM Research's main manufacturing operations are based in Asia, with a facility in Shanghai, China, and another in Wuxi, China. The company has also established a presence in South Korea, with an office in Icheon.