Japan-based gas and engineering firm Air Water Inc. (Air Water) has expanded its operations in Taiwan following a USD$2m investment into Hong-Kuang Hi-Tech Co., Ltd (HK), a semiconductor-related gas dealer headquartered in the country.
Through its group company Air Water Materials Inc. (AWM), the Japanese company took a stake in HK on April 8th, marking a move to cement its position as a general semiconductor-related manufacturer.
The deal coincides with an investment made by Mitsui & Co., Ltd into HK in the form of a strategic alliance established between Mitsui and Air Water in late February, part of a plan to expand their respective industrial gas businesses in the global market.
AWM and Mitsui will harness the investments to take advantage of HK’s global customer base, expanding the companies trade potential across a range of industries including semiconductor-related gases, specialty chemical materials, gas refining systems, and other solutions.
Established in 2010, HK sells industrial gases such as liquefied carbon dioxide, nitrous oxide, and fluorine-containing gases in Taiwan.
The company aims to strengthen its gas supply business with the construction of a new gas refining plant in the country by 2025.
As the world’s semiconductor manufacturing epicentre, Taiwan dominates the market, accounting for US$115bn or 20% of the global semiconductor industry.