Wah Lee Industrial Corp. posted NT$16.29 billion ($507 million) in nine-month net income, down 5.6% from last year, as the Taiwanese semiconductor materials supplier navigates uneven demand across product lines. Earnings per share reached NT$6.28 for the period ending September.
The company operates in a sector where Taiwan leads global procurement of semiconductor materials, supplying photoresists, polishing slurries and packaging compounds to chipmakers expanding AI-related manufacturing. Third-quarter operating margins exceeded prior-year levels as Wah Lee concentrated shipments toward more profitable advanced-process materials, according to its statement.
High-performance computing products now account for over half of customer revenues, with advanced-node materials comprising more than 70% of Wah Lee’s semiconductor division sales. The company cited faster yield improvements at coming manufacturing nodes as accelerating order momentum, though it provided no specific volume forecasts for fourth-quarter deliveries.
Wah Lee is building its first neon purification facility, targeting monthly cylinder capacity of 8,000 cubic meters when production begins in first-quarter 2026. The move addresses supply-chain concerns as foundries prefer domestic sourcing of specialty gases previously imported.
The materials distributor expanded its printed circuit board equipment business, securing drilling automation contracts whose revenues have doubled recently. Wah Lee also entered wet-process equipment manufacturing to complement existing dry-process capabilities, positioning itself as an integrated supplier to electronics manufacturers in China and other Asian markets.
Revenue for the nine months totaled NT$58.16 billion ($1.81 billion), down 2.8% year-over-year, with gross margin improving 0.4 percentage point to 7.83%.
