A Taiwanese maker of semiconductor gas supply systems is riding the global chip building boom, with an order book that stretches to the end of the decade — good news for suppliers tied to fab expansion.

• Giant Mao Applied Materials signed an IPO tutoring deal with Fubon Securities and is heading to Taiwan's stock market.
• Orders in hand top NT$3 billion, with visibility running out to 2028, 2029 and even 2030.
• Revenue this year should clear NT$1.5 billion with earnings above NT$7 a share, helped by long-standing work for Micron.
• The pitch is smart gas cabinets and AI-driven safety monitoring that predicts equipment failures instead of just sounding alarms after the fact.
• Expansion is under way in Singapore, India and Japan, on top of its existing China business.

Outlook: More new project quotes are due to be settled by late September and early October, which would push the order book out further.