06:23 AM EST, 03/06/2026 (MT Newswires) -- Qnity Electronics ( Q ) said Friday it has acquired a new semiconductor research and manufacturing facility in Taiwan for $61.5 million, expanding its presence in the Hsinchu Science Park.

The facility, which includes production areas, clean rooms, warehousing infrastructure, research laboratories and office space, will support the production of advanced chip manufacturing applications, Qnity said.

The facility is expected to begin operations in early 2027, with additional capabilities and research facilities planned in future development phases, the company added.

Qnity Electronics ( Q ) shares were down more than 1% in recent Friday pre-bell activity.