June 27, 2025 – Sino-American Silicon Products Inc. (SAS, TWSE: 5483) announced today (June 27) that it plans to acquire a 65.22% equity stake in Hung Jie Technology Corporation (Hung Jie), a Taiwan-based provider of semiconductor equipment component cleaning and refurbishment services, through its affiliated company Taiwan Speciality Chemicals Corporation (TSC, TWSE: 4772), via an all-cash transaction. SAS has leveraged TSC to build a presence in the specialty gas segment essential for semiconductor manufacturing. This investment marks a further strategic expansion into the field of Ultra-High Purity (UHP) cleaning, inspection, precision surface processing (coating), and refurbishment of advanced semiconductor equipment components. With this dual-pronged approach, SAS is broadening its footprint across critical semiconductor materials and process support capabilities, aiming to meet the rising demand for precision in advanced nodes driven by AI and high-performance computing.
The transaction is valued at NT$300 per common share, with the total consideration of nearly NT$3 billion, paid entirely in cash. The closing date is tentatively scheduled for August 5, 2025. Upon completion, SAS will indirectly hold a 65.22% stake in Hung Jie through its strategic shareholding in TSC. Doris Hsu, Chairperson of the SAS Group, is expected to assume the role of Chairperson of Hung Jie, working closely with the existing professional management team to leverage the Group’s integrated strengths in materials and process services, and jointly expand opportunities in the advanced semiconductor manufacturing market.
Founded in 2008, Hung Jie Technology Corporation operates in in Hsinchu and Tainan, Taiwan, as well as Nanjing, China, focusing on Ultra-High Purity (UHP) cleaning and refurbishment services for semiconductor equipment components used in advanced manufacturing processes. The company possesses comprehensive capabilities in surface precision analysis, materials development, UHP cleaning, and component refurbishment, and has been adopted by leading foundries and memory manufacturers both domestically and internationally. Its advanced cleaning technologies effectively remove microscopic contaminants while preserving original materials, extending the lifespan of high-value equipment parts, reducing defect rates, and improving process yields for customers. In addition, Hung Jie offers fast customization and R&D capabilities to keep pace with the evolution of advanced process nodes, delivering stable and high-quality localized services. With Hung Jie now part of the Group’s strategic portfolio, SAS will further enhance its one-stop solution capabilities—from specialty gases to surface precision treatment, UHP cleaning, and refurbishment of equipment components—strengthening its comprehensive support for semiconductor customers.
SAS actively expands its business reach through strategic investments, serving as an enabler of group-wide synergy. By leveraging its global footprint, sales networks, and management expertise, SAS collaborates with affiliated companies to strengthen strategic alignment and operational resilience. Its core strategy focuses on “synergistic parent-subsidiary collaboration driven by dual-track, bidirectional growth engines”—driving the organic growth of affiliated companies while supporting their expansion through mergers and acquisitions. With strategic foresight, SAS has once again identified this promising new venture. SAS empowers its partners by fostering reciprocal synergies, helping them scale operations and develop their own business ecosystems, while continuously amplifying the overall value of every critical link through each new collaboration. The investment in Hung Jie via TSC exemplifies SAS’s concrete execution of this strategy through group resource integration and accelerated deployment in key sectors.
In recent years, SAS’s semiconductor ecosystem strategy has begun to deliver results. Its investment portfolio spans key segments, including semiconductor wafers (GlobalWafers, TWSE: 6488), power and automotive components (Actron Technology Corporation, TWSE: 8255), RF components (Advanced Wireless Semiconductor Company, TWSE: 8086), specialty gases (TSC, TWSE: 4772) and equipment component cleaning and refurbishment (Hung Jie Technology Corporation, unlisted). This comprehensive coverage across materials, components, processes, and services has formed a deeply integrated and highly flexible network. The inclusion of Hung Jie further boosts the group’s capability to support advanced semiconductor manufacturing, enhancing its competitive edge in areas such as AI, advanced packaging, and high-performance computing. SAS remains committed to deepening its semiconductor strategy and becoming the most reliable, agile, and forward-thinking partner to its customers.
The transaction was jointly facilitated by TSC and AB Value Capital Partners (AB Value), which noted that Hung Jie is one of the key portfolio companies under its AnShin Fund I. AB Value expressed its honor in enabling this strategic partnership with SAS Group. With the support and integrated resources of the SAS Group, AB Value believes that Hung Jie will not only continue to leverage its expertise and service capabilities in semiconductor equipment cleaning, but also further realize operational synergies that create greater value and long-term growth potential for the Group. Yuanta Securities served as the financial advisor for this transaction, providing support in deal structuring and execution. This strategically important collaboration was successfully completed through the close cooperation of all parties and established a strong foundation for SAS Group to further expand its support services across the semiconductor manufacturing value chain.