News / Taiwan / economic_daily
Petrochemical Giants Pivot to Semiconductor Materials; Nan Ya Hits Second Consecutive Limit Up
Electronic Technology · Semiconductors · economic_daily · 2026-08-27
1301, 1303, 1312, 1326
Taiwanese petrochemical firms are surging as companies like Grand Pacific Petrochemical pivot into semiconductor specialty gases and electronic materials, sparking a market rally.
What Happened
Strategic Pivot to Semiconductors: Grand Pacific Petrochemical (GPP) has announced a partnership with Japan's AWI to acquire a stake in Hong Guang New Technology, marking its entry into the semiconductor specialty gas market. This move highlights a broader industry trend where traditional petrochemical manufacturers are diversifying into high-margin semiconductor materials.
Formosa Plastics Group's Diversification: The Formosa Plastics Group is aggressively expanding its footprint in semiconductor chemicals, with Formosa Plastics focusing on electronic-grade chemicals like hydrofluoric acid and IPA. Meanwhile, Formosa Chemicals & Fibre is collaborating on third-generation semiconductor materials, such as silicon carbide, to enhance its technological portfolio.
Nan Ya's Electronic Materials Growth: Nan Ya Plastics has successfully shifted its revenue mix, with electronic materials now accounting for over 57% of its business. The company holds a top-three global market share in products like copper-clad laminates and expects strong revenue growth in the second half of the year driven by high-end M6-M9 product demand.
Market Rally and Investor Sentiment: The market has responded enthusiastically to these transformation efforts, with GPP hitting limit up and Nan Ya securing its second consecutive daily limit up. Investors are aggressively buying into the sector, pushing other group members like Formosa Plastics and Formosa Chemicals & Fibre to significant gains.