Size-quantized semiconductor nanoparticles, quantum dots, have been intensively investigated for the application to photoluminescent materials,because they exhibit unique physicochemical properties different from those of bulk materials. Many efforts have been made to develop high-quality semiconductor nanoparticles, mainly composed of binary elements, such as CdSe, CdTe, and PbS via solution-phase strategies. On the other hand, I-III-VI
2 group chalcopyrite-type semiconductor nanoparticles, such as CuInS
2 and AgInS
2, have recently attracted much attention due to their low toxicity and wide range of absorption from UV to visible or near-infrared regions. In the present paper, we review our recent research on tunable photo-properties of size-quantized nanoparticles of Cd-based semiconductors and low-toxic chalcopyrite-type semiconductors. Size-selective photoetching enables the precise control of CdS, CdSe, and CdTe, in which the photoluminescence properties can be controlled by changing their size. The optical properties of AgInS
2 nanoparticles are easily varied by making its solid solution with ZnS, in which the photoluminescent color is dependent on the chemical composition of solid solution particles.
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