The long-term agreement will expand ultra-high-purity gas supply for two new semiconductor fabrication facilities, while Linde's Taiwan joint venture plans a separate $800 million investment.
Linde said it has secured a new long-term agreement to supply ultra-high-purity industrial gases to one of the world's largest semiconductor manufacturers and will invest about $1 billion in Arizona. The expansion will raise Linde's supply of ultra-high-purity nitrogen, oxygen and argon for two new semiconductor fabrication facilities, with the company set to build, own and operate two new air separation units (plants that separate atmospheric gases) and related infrastructure. Linde's Taiwan joint venture also plans to invest about $800 million to supply industrial gases to the same customer's new semiconductor facilities in Taiwan. The deal comes as semiconductor manufacturers increase capacity to meet demand for AI and high-performance computing chips, a trend that has sharpened investor focus on whether Linde can turn its growing exposure to the sector into sustained earnings growth.