Linde to invest $1 billion in Arizona semiconductor supply facility

Linde, the world's largest industrial gases company, announced on July 31, 2026, a $1 billion investment in Arizona to build, own, and operate two air separation units. This expansion supports a long-term agreement to supply ultra-high-purity nitrogen, oxygen, and argon to a major semiconductor manufacturer. Additionally, Linde's Taiwan joint venture will invest $800 million to supply the same customer's facilities in Taiwan, capitalizing on rising global demand for AI chips.

Linde semiconductor investments and infrastructure

• ▪Under the supply agreement, Linde will build, own, and operate two new air separation units and associated infrastructure
• ▪Linde's Arizona expansion will increase the supply of industrial gases to support two new semiconductor fabrication facilities
• ▪Linde's Taiwan joint venture plans to invest approximately $800 million to supply industrial gases to the same semiconductor customer's new facilities in Taiwan
• ▪Linde secured a long-term agreement on July 31, 2026, to supply ultra-high-purity industrial gases to a major semiconductor manufacturer and will invest approximately $1 billion in Arizona

AI chip manufacturing demand

• ▪Investors are focused on whether Linde can translate its growing exposure to the semiconductor sector into sustained earnings growth
• ▪Semiconductor manufacturers are increasing capacity to meet rising demand for artificial intelligence and high-performance computing chips

Ultra-high-purity industrial gases

• ▪Linde's expansion will increase its supply of ultra-high-purity nitrogen, oxygen, and argon
• ▪Linde is the world's largest industrial gases company