Linde Signs Second Long-Term Agreement to Supply Samsung in Pyeongtaek, South Korea

Rhea-AI Summary

Linde (NYSE:LIN) has secured a long-term agreement with Samsung Electronics to supply ultra-high purity industrial gases for its semiconductor facilities in Pyeongtaek, South Korea. This agreement strengthens Linde's role as a primary supplier, enhancing its partnership with Samsung, which spans over 42 years. The new facility will utilize advanced technologies to bolster chip design and production, catering to the growing semiconductor demand globally. Once operational, the Pyeongtaek site will represent Linde's largest supply location for an electronics client.

Positive

• Secured long-term agreement with Samsung, enhancing strategic partnership.
• Linde's supply site in Pyeongtaek will become the largest for an electronics customer.
• Agreement underscores Linde's successful history of 42 years with Samsung.

Negative

• None.

GUILDFORD, UK / ACCESSWIRE / October 28, 2020 / Linde (NYSE:LIN) (FWB:LIN) announced today that it has entered into a long-term agreement with Samsung Electronics to supply ultra-high purity industrial gases for its latest semiconductor facilities in Pyeongtaek, South Korea.

Linde is currently the main supplier of industrial gases to Samsung's existing facilities in Pyeongtaek. This second agreement to build, own and operate air separation plants in this latest world-class manufacturing complex cements Linde's position as a strategic partner for Samsung, the world's largest semiconductor manufacturer. Once the project is commissioned, the Pyeongtaek complex will be Linde's single largest gases supply site in the world for an electronics customer.

Samsung's new facility will deploy state-of-the-art technologies to accelerate the company's next-generation chip design and production, in order to meet the rising demand for semiconductors around the world.

"We are proud to have been selected yet again to supply Samsung's world-class semiconductor facilities, shortly after the safe and on-time delivery of our previous project," said B.S. Sung, Head of South Korea, Linde. "Our successful partnership spans more than 42 years and we look forward to continue providing Samsung with a safe, reliable and cost-effective supply of industrial gases and innovative technologies well into the future."

About Linde

Linde is a leading global industrial gases and engineering company with 2019 sales of $28 billion (€25 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/612726/Linde-Signs-Second-Long-Term-Agreement-to-Supply-Samsung-in-Pyeongtaek-South-Korea

FAQ

What is the significance of Linde's agreement with Samsung Electronics?

The agreement reinforces Linde's position as a key supplier of industrial gases for Samsung's semiconductor facilities, which will boost operational efficiency and support growing semiconductor demand.

How long has Linde been partnered with Samsung?

Linde has been partnered with Samsung for over 42 years, providing industrial gases to their facilities.

What will be the impact of the new facility in Pyeongtaek for Linde?

The new facility will become Linde's largest gases supply site globally for an electronics customer, solidifying its market presence.

When is the new facility expected to be operational?

The press release does not specify an exact operational date for the new facility.

What does the new agreement entail for Linde's operations?

The agreement involves building, owning, and operating air separation plants for the semiconductor manufacturing complex.