Semiconductor specialty gas supplier Taiwan Speciality Chemicals Corp (台特化) expects revenue to grow 170 percent after acquiring a major stake in semiconductor parts cleaning company Hung Jie Technology Corp (弘潔科技) in a NT$3 billion (US$100.33 million) all-cash deal, a company executive said yesterday.
The deal would give Taiwan Speciality Chemicals a 65 percent share of Hung Jie Technology, which specializes in dry cleaning advanced semiconductor chamber parts used in the etching process. Maintaining cleanliness and applying appropriate coatings are vital to prevent particle contamination and device defects.
Hung Jie Technology, established in 2008, operates three factories in Tainan, Hsinchu County and Nanjing, China.
Photo: Screen grab from Taiwan Speciality Chemicals Corp’s Web site
The company cleans semiconductor parts made by the world’s five largest semiconductor equipment suppliers, Taiwan Speciality Chemicals said.
“The acquisition of Hung Jie Technology is entirely aligning with the company’s long-term development strategy” and contributes to revenue and profit growth, Taiwan Speciality Chemicals chairwoman Doris Hsu (徐秀蘭) told a virtual news conference.
Taiwan Speciality Chemicals reported NT$874 million in revenue for last year, a spike of 58 percent from the previous year.
About 80 percent of last year’s revenue came from selling disilane, while the remaining 20 percent came from distributing other companies’ gases and related services, the company said.
Hung Jie Technology’s revenue last year was about 1.7 times of Taiwan Speciality Chemicals’ revenue, Hsu said.
The company aims to double its revenue organically every three to four years and launch one new product each year, with a goal of having its revenue outgrow its share capital, totaling NT$1.4 billion, it said.
The company expects its new anhydrous hydrogen fluoride, a highly corrosive and toxic chemical compound used in the semiconductor industry’s etching and cleaning, to drive its revenue growth this year and the next two years.
The company expects to complete the Hung Jie Technology transaction next month and plans to fund the deal half through cash and half through a syndicated loan, it said.
It would be Taiwan Speciality Chemicals’ first acquisition and the company would continue seeking suitable targets going forward, Hsu said.
Taiwan Speciality Chemicals is 30 percent owned by solar module producer Sino-American Silicon Products Inc (SAS, 中美矽晶), which also holds about a 47 percent stake in the world’s No. 3 silicon wafer supplier, GlobalWafers Co (環球晶). Hsu is chairwoman of SAS and GlobalWafers.
The acquisition would broaden SAS’ footprint across critical semiconductor materials and process support capabilities, aiming to meet rising demand for precision in advanced chip manufacturing process nodes driven by demand for artificial intelligence and high-performance computing applications, SAS said in a statement on Friday.
On Ireland’s blustery western seaboard, researchers are gleefully flying giant kites — not for fun, but in the hope of generating renewable electricity and sparking a “revolution” in wind energy. “We use a kite to capture the wind and a generator at the bottom of it that captures the power,” said Padraic Doherty of Kitepower, the Dutch firm behind the venture. At its test site in operation since September 2023 near the small town of Bangor Erris, the team transports the vast 60-square-meter kite from a hangar across the lunar-like bogland to a generator. The kite is then attached by a
Foxconn Technology Co (鴻準精密), a metal casing supplier owned by Hon Hai Precision Industry Co (鴻海精密), yesterday announced plans to invest US$1 billion in the US over the next decade as part of its business transformation strategy. The Apple Inc supplier said in a statement that its board approved the investment on Thursday, as part of a transformation strategy focused on precision mold development, smart manufacturing, robotics and advanced automation. The strategy would have a strong emphasis on artificial intelligence (AI), the company added. The company said it aims to build a flexible, intelligent production ecosystem to boost competitiveness and sustainability. Foxconn
Leading Taiwanese bicycle brands Giant Manufacturing Co (巨大機械) and Merida Industry Co (美利達工業) on Sunday said that they have adopted measures to mitigate the impact of the tariff policies of US President Donald Trump’s administration. The US announced at the beginning of this month that it would impose a 20 percent tariff on imported goods made in Taiwan, effective on Thursday last week. The tariff would be added to other pre-existing most-favored-nation duties and industry-specific trade remedy levy, which would bring the overall tariff on Taiwan-made bicycles to between 25.5 percent and 31 percent. However, Giant did not seem too perturbed by the
TARIFF CONCERNS: Semiconductor suppliers are tempering expectations for the traditionally strong third quarter, citing US tariff uncertainty and a stronger NT dollar Several Taiwanese semiconductor suppliers are taking a cautious view of the third quarter — typically a peak season for the industry — citing uncertainty over US tariffs and the stronger New Taiwan dollar. Smartphone chip designer MediaTek Inc (聯發科技) said that customers accelerated orders in the first half of the year to avoid potential tariffs threatened by US President Donald Trump’s administration. As a result, it anticipates weaker-than-usual peak-season demand in the third quarter. The US tariff plan, announced on April 2, initially proposed a 32 percent duty on Taiwanese goods. Its implementation was postponed by 90 days to July 9, then
RSS