According to news on October 22, the semiconductor material giant Shin-Etsu Chemical`s stock price rose like a rainbow, with a market value exceeding 6 trillion yen (about 382 billion yuan), sought after by investors.
The market value of Shin-Etsu Chemical ranks 13th on the Main Board of the East Stock Exchange, which is much higher than large chemical companies such as Asahi Kasei and Mitsubishi Chemical Holdings.
Shin-Etsu Chemical (Shin-Etsu Group) is a leading enterprise in IC circuit board silicon wafers. It first successfully developed 300mm silicon wafers, monocrystalline silicon with 99.999999999% purity and uniform crystal structure, and realized the commercialization of SOI silicon wafers. At the same time, it is consistent. Production of GaP (gallium phosphide), GaAs (gallium arsenide), AIGaInP (aluminum gallium indium phosphide) compound semiconductor single crystals and slices in light-emitting diodes.
In addition to silicon wafers, which are used as semiconductor substrate materials, Shin-Etsu Chemical also has the world's highest share in the field of PVC resins used as pipes and building materials.
In fiscal year 2019, Shin-Etsu Chemical`s sales reached 1,594 billion yen (approximately RMB 101.5 billion), and its regular profit reached 415.3 billion yen (approximately RMB 26.45 billion).