I finally manage to bring my iPhone 4S to a local repair shop since it's out of warranty (1.5 years since the purchase date).
They're not cheap (it costs me ~$65), and apparently they're professional in their job (well, that comes with a price, doesn't it?..)
I'm not quite sure what exactly they're doing, but looking at how they use airgun, and dismantling the iPhone, most likely they're reflowing the wifi chip, as the solder got cold and didn't make a good contact between the chip and the board.
If you browse the internet, you'll find someone suggest to do reflow on the logic board or put in the oven for a certain amount of time.
At least I can keep my iPhone (with wifi functionality) a bit longer before upgrading to a newer generation smartphone
If you still have the warranty, you should claim it and get a replacement.