Linde to invest $1 billion in Arizona after winning semiconductor supply deal (updated)

Linde

31/07/2026 10:27

Adds context in paragraph 2, details in bullet points
July 31 (Reuters) - Linde LIN.O, the world's largest industrial gases company, said on Friday it had secured a new long-term agreement to supply ultra-high-purity industrial gases to one of the world's largest semiconductor manufacturers and would invest about $1 billion in Arizona.
As semiconductor manufacturers ramp up capacity to meet demand for AI and high-performance computing chips, investors are increasingly focused on whether Linde can translate its growing exposure to the sector into sustained earnings growth.
     
The expansion will increase Linde's supply of ultra-high-purity nitrogen, oxygen and argon to support two new semiconductor fabrication facilities
Under the agreement, Linde will build, own and operate two new air separation units and associated infrastructure
Linde's Taiwan joint venture plans to invest about $800 million to supply industrial gases to the same customer's new semiconductor facilities in Taiwan

(Reporting by Bartosz Dabrowski in Gdansk, editing by Milla Nissi-Prussak)
((bartosz.dabrowski@thomsonreuters.com; +48 58 7696560;))