Kyec, a semiconductor equipment company under Hon Hai Group, announced its board has approved the acquisition of a 51% stake in FairTech Corporation for NT$2.01 billion (US$61.6 million), securing majority control of its board.
FairTech, established in 1994 with paid-in capital of NT$285 million (US$8.7 million), specializes in semiconductor manufacturing equipment maintenance and aerospace equipment technical services. The company generated approximately NT$1 billion (US$30.7 million) in revenue in 2024, primarily serving domestic and international wafer fabrication plants.
The acquisition comes as Kyec, one of Taiwan’s largest semiconductor testing service providers, recently divested its mainland China operations amid growing geopolitical tensions. The company sold its entire stake in its Suzhou subsidiary earlier this year for 4.9 billion yuan.
Kyec expects the FairTech acquisition to strengthen its market position by diversifying its customer base and reducing dependence on single clients. The deal is also strategic for expanding into high-value aerospace maintenance, leveraging Franden’s established expertise in that sector.
The transaction will be funded using Kyec’s existing cash reserves. Upon completion, Franden will operate as a controlled subsidiary, with the companies integrating their manufacturing capabilities to enhance competitiveness in the semiconductor equipment market.
