Solvay is a leading global supplier of specialty polymers for a range of applications within the semiconductor industry, including vacuum pump lubricants, wet processing equipment components, O-rings and seals, ultrapure water piping and high boiler heat transfer fluids. In 2021, Solvay announced a joint venture with Shinkong Synthetic Fibers Corporation aimed at supplying electronic-grade hydrogen peroxide to meet rapidly growing demand from the Taiwanese semiconductor industry.