Li-Ying IPO Surges up to 33% on First Day, Targeting Semiconductor Circular Economy
Li-Ying, a specialist in semiconductor waste recycling, debuted on the Taiwan stock market with shares rising up to 33%. The company is expanding capacity to meet the 'zero waste' demands of 2nm and 3nm advanced processes.
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- 📰 Published: April 27, 2026 at 16:52
- 🔍 Collected: April 27, 2026 at 17:01 (9 min after Published)
- 🤖 AI Analyzed: April 28, 2026 at 02:38 (9h 36m after Collected)
Li-Ying, a company capturing the resource regeneration market for waste hydrofluoric acid and calcium fluoride sludge from semiconductor processes, listed on the OTC market today. From an offering price of 120 TWD, it hit a high of 160 TWD, a 33.33% gain, before closing at 144 TWD. The company uses its facilities in Taichung and Tainan as core expansion hubs. It aims to upgrade its circular economy model from steelmaking flux (1.0) to back-supplying semiconductors (2.0) and eventually toward closed-loop recovery for original processes (3.0). As demand for AI, 5G, and advanced processes grows, the volume of process waste also increases, amplifying the need for recycling services. Chairman Chen Chun-chi stated that their advantage lies in standardized, automated 'smart continuous production lines,' which improve efficiency and quality. Since 2013, their monthly processing capacity has surged by 1800%, reaching an expected 3800 tons in 2026.