Linde Signs Long-Term Agreement to Supply New World-Class Semiconductor Manufacturing Complex in the U.S.

Rhea-AI Summary

Linde has entered a long-term agreement with a major semiconductor manufacturer to supply industrial gases for a new $600 million manufacturing facility in Phoenix, Arizona. Linde will construct and operate on-site plants to deliver ultra-high-purity nitrogen, oxygen, and argon, tailored to the semiconductor industry’s stringent requirements. The initial phase of operations is scheduled to commence in the second half of 2022. This partnership is expected to significantly bolster the manufacturing capacity of the customer in the U.S., aligning with Linde’s mission to enhance productivity across various sectors.

Positive

• Long-term agreement with a leading semiconductor manufacturer enhances Linde's market position.
• Investment of approximately $600 million demonstrates strong commitment to growth.
• On-site plants designed for reliability and efficiency will meet high industry standards.

Negative

• None.

GUILDFORD, UK / ACCESSWIRE / September 8, 2021 / Linde (NYSE:LIN; FWB:LIN) announced today it has signed a long-term agreement with one of the world's largest semiconductor manufacturers for the supply of industrial gases to a new multi-billion dollar manufacturing facility in Phoenix, Arizona.

Linde will build, own and operate a complex of on-site plants to supply ultra-high-purity nitrogen, oxygen and argon to the customer. These plants are designed to meet the most stringent requirements of the semiconductor industry while maintaining world-class reliability and operating efficiency. Linde's total investment will be approximately $600 million. The first plants and supporting infrastructure are due to start up in the second half of 2022.

"We are proud to have been selected as supplier to this major new facility," said Dan Yankowski, President Linde Gases North America. "Our technology is designed to provide a secure and reliable supply of high-purity gases to this world-leading semiconductor facility, supporting the significant expansion of our customer's manufacturing capacity in the U.S."

About Linde

Linde is a leading global industrial gases and engineering company with 2020 sales of $27 billion (€24 billion). We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain and protect our planet.

The company serves a variety of end markets including chemicals & refining, food & beverage, electronics, healthcare, manufacturing and primary metals. Linde's industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.

For more information about the company and its products and services, please visit www.linde.com

Contacts:

Investor Relations
Juan Pelaez
Phone: +1 203 837 2213
Email: juan.pelaez@linde.com

Media Relations
Anna Davies
Phone: +44 1483 244705
Email: anna.davies@linde.com

SOURCE: Linde plc

View source version on accesswire.com:
https://www.accesswire.com/663153/Linde-Signs-Long-Term-Agreement-to-Supply-New-World-Class-Semiconductor-Manufacturing-Complex-in-the-US

FAQ

What is the significance of Linde's new agreement in Phoenix, Arizona?

Linde's agreement with a major semiconductor manufacturer establishes a significant supply chain for industrial gases, enhancing production capabilities in the U.S.

How much is Linde investing in the new manufacturing facility?

Linde is investing approximately $600 million into the new manufacturing facility in Phoenix, Arizona.

When is the new facility expected to start operations?

The new plants and supporting infrastructure are set to begin operations in the second half of 2022.

What types of gases will Linde supply to the semiconductor facility?

Linde will supply ultra-high-purity nitrogen, oxygen, and argon to meet the semiconductor industry's requirements.

How does this agreement impact Linde's business strategy?

This agreement underscores Linde's focus on expanding its presence in the semiconductor market and supporting customer growth in high-tech manufacturing.