Liying tops NT$100 million as AI chip demand lifts semiconductor services

Liying's revenue surpassing NT$100 million isn't merely a byproduct of AI chip demand—it signals that waste acid treatment has become a critical bottleneck in advanced-node capacity expansion. Technically, sub-3nm processes demand ultra-pure etching chemistries, forcing fabs to integrate fluoride recovery into yield management systems, raising the technical bar for circular-economy service providers. Regulatory shifts, such as Taiwan, China’s 2025 stricter fluoride wastewater standards, will inflate operational costs for smaller players lacking closed-loop capabilities. Competitors like Japan’s Stella Chemifa and Korea’s Ecopro are poised to accelerate fluorosalt recycling investments across East Asia, pressuring local margins. Within 18 months, firms with high-purity calcium fluoride refining IP will dominate supply chain leverage, while basic waste-collection models face rapid obsolescence.