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CHC Sees Strong Revenue Growth Driven by Semiconductor-Grade Sulfuric Acid Demand
Process Industries · Chemicals: Specialty · economic_daily · 2026-09-04
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CHC reported a 62.6% year-over-year revenue surge in August, fueled by rising demand for semiconductor-grade sulfuric acid and expansion into advanced manufacturing supply chains.
What Happened
Revenue Performance: CHC reported a 9% monthly and 62.6% year-over-year increase in August revenue, with cumulative growth for the first eight months reaching 26.3%. Analysts attribute this performance to the ramp-up of electronic-grade sulfuric acid production and increased order volumes from semiconductor clients.
Growth Outlook: Growth is expected to accelerate in the third quarter as the company maintains strong shipments despite annual maintenance. The combination of robust demand for electronic-grade sulfuric acid and rising market prices is projected to further boost performance in the fourth quarter.
Competitive Edge: In March, CHC secured certification for advanced manufacturing processes below 7nm from a leading foundry, becoming one of only two global suppliers to break foreign monopolies. Major clients, including UMC and Micron, are actively securing capacity to ensure supply chain stability.
Strategic Vision: With Taiwan's semiconductor sulfuric acid demand expected to double by 2028, CHC aims to capture a 48% to 58% market share. The company is currently upgrading and expanding its production lines to transition into a core supplier of high-end semiconductor wet chemicals and defense-related specialty chemicals.