The current state of the acoustic wave phase conjugation (WPC) problem
is reviewed. The generation of phase conjugate ultrasonic waves is di
scussed with emphasis on the parametric method using electromagnetic p
umping in solids. The giant-amplification supercritical parametric WPC
mode is considered in detail. Ultrasonic WPC with a gain in excess of
80 dB is demonstrated for a soft magnetic ceramics based amplifier. T
he high quality of supercritical parametric WPC is confirmed by acoust
ooptical visualization. Acoustic WPC effects, such as anomalous sound
reflection at the WPC mirror and the self-focusing and self-targeting
of phase conjugate beams incident on a scatterer in a liquid, are show
n. Recent experimental results demonstrating WPC's potential for appli
cations are presented.