📊Executive Summary

Formosa Plastics Corp has partnered with Japan's Daicel Corp to create a joint venture named Formosa Daicel Advanced Chemicals Co Ltd, aimed at producing electronic-grade photoresist thinner. This initiative comes in response to the increasing demand for semiconductor materials driven by the AI boom. The joint venture will utilize Formosa's resources to establish a local supply system, with plans for a plant in Kaohsiung, Taiwan, expected to begin production by December 2028. The demand for electronic-grade photoresist thinner is projected to grow significantly, indicating a potential supply gap that could impact semiconductor manufacturing....