Driven by technological innovation, Hubei Xingfu Electronic Materials Co., Ltd. has significantly increased its market share and become a leading enterprise in the field of domestic wet electronic chemicals. According to statistics, Xingfu Electronics has rapidly increased its domestic market share of electronic grade phosphoric acid from 39.25% to 69.69% between 2021 and 2023, maintaining its position as the market leader for three consecutive years. Meanwhile, the market share of electronic grade sulfuric acid has steadily increased from 9.97% to 31.22%, demonstrating strong growth momentum.
The success of Xingfu Electronics is inseparable from the company's continuous investment in technological innovation and the continuous improvement of its research and development capabilities. The company has continuously promoted the improvement of product performance and production processes through independent research and development and the introduction of high-end talents, successfully breaking through the technical barriers of foreign enterprises and achieving comprehensive leadership in key products. This achievement not only enhances Xingfu Electronics' market competitiveness, but also provides strong support for the development of China's semiconductor industry.
In addition to technological innovation, Xingfu Electronics also focuses on the efficiency and environmental friendliness of production processes. The closed-loop production process independently developed by the company not only improves production efficiency, but also achieves resource recycling and environmental protection. This green technology solution not only meets the environmental protection needs of downstream customers, but also further consolidates Xingfu Electronics' leading position in the market.
With the continuous support of the country for the integrated circuit industry and the rapid growth of the domestic semiconductor material market, Xingfu Electronics will continue to adhere to technological innovation and market development, continuously enhance its international competitiveness, and contribute more to the development of the global wet electronic chemical industry.