
Linde (NASDAQ:LIN) today announced that it has been awarded a new long-term agreement to supply ultra-high-purity industrial gases to one of the world’s largest semiconductor manufacturers.


The agreement will support

<p xmlns="http://www.w3.org/1999/xhtml">
Linde (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/LIN">LIN</a>) today announced that it has been awarded a new long-term agreement to supply ultra-high-purity industrial gases to one of the world’s largest semiconductor manufacturers.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The agreement will support the expansion of the customer’s semiconductor manufacturing complex in Phoenix, Arizona. Linde will invest $1 billion to expand its existing on-site industrial gases complex in Phoenix, making the site one of Linde’s largest investments for an electronics customer globally.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Under the agreement, Linde will build, own and operate two new SPECTRA<sup xmlns="http://www.w3.org/1999/xhtml">&#xAE;</sup> air separation units (ASUs) and associated infrastructure. The new units will complement the three existing ASUs at the site.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The expansion will increase Linde’s supply of ultra-high-purity nitrogen, oxygen and argon to support two new semiconductor fabrication facilities. The new plants will use Linde’s leading-edge SPECTRA<sup xmlns="http://www.w3.org/1999/xhtml">&#xAE;</sup> technology to deliver the purity, reliability and operating efficiency required for advanced semiconductor manufacturing.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Separately, Linde LienHwa, Linde’s joint venture partner in Taiwan, has been selected by the same customer to supply industrial gases to new semiconductor manufacturing and advanced packaging facilities at multiple sites in Taiwan. Linde LienHwa plans to invest approximately $800 million to build, own and operate several ASUs and hydrogen production units.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Advanced semiconductor manufacturing depends on the reliable supply of gases at exceptional levels of purity," said Armando Botello, President Linde Gases, US. "As global demand for advanced semiconductors continues to increase, this investment demonstrates Linde’s ability to deliver the purity, reliability and scale our customers require. We are proud to support our customer’s expansion in the United States and Taiwan and to further strengthen our long-term global relationship."

</p><p xmlns="http://www.w3.org/1999/xhtml">
Linde is a leading global supplier of industrial and specialty gases to the electronics industry, supporting customers in the United States, Taiwan, South Korea and other markets. Its proprietary technologies and global operating capabilities enable the reliable supply of ultra-high-purity gases to one of the world’s most technologically demanding and rapidly growing industries.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Linde</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Linde is a leading global industrial gases and engineering company with 2025 sales of $34 billion. We live our mission of <i xmlns="http://www.w3.org/1999/xhtml">making our world more productive</i> every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain, decarbonize and protect our planet.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Linde serves a variety of end markets such as chemicals &amp; energy, food &amp; beverage, electronics, healthcare, manufacturing, metals and mining. Linde’s industrial gases and technologies are used in countless applications, enabling space exploration and launch technologies, delivering ultra-high-purity and specialty gases for semiconductor manufacturing, providing life-saving medical oxygen and enabling clean hydrogen production and carbon capture to reduce greenhouse gas emissions. Linde also delivers state-of-the-art gas processing solutions to support customer growth, efficiency improvements and emissions reductions.

</p><p xmlns="http://www.w3.org/1999/xhtml">
For more information about the company and its products and services, please visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.linde.com&amp;esheet=54580664&amp;newsitemid=20260731307306&amp;lan=en-US&amp;anchor=www.linde.com&amp;index=1&amp;md5=dc58c4d9f687824278da498aafad7154" shape="rect">www.linde.com</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260731307306r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260731307306/en/" rel="nofollow">https://www.businesswire.com/news/home/20260731307306/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Investor Relations 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Juan Pelaez
<br xmlns="http://www.w3.org/1999/xhtml"></br>Phone: +1 203 837 2213
<br xmlns="http://www.w3.org/1999/xhtml"></br>Email: <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:juan.pelaez@linde.com" shape="rect">juan.pelaez@linde.com 
</a><br xmlns="http://www.w3.org/1999/xhtml"></br>
<br xmlns="http://www.w3.org/1999/xhtml"></br><b xmlns="http://www.w3.org/1999/xhtml">Media Relations 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Anna Davies
<br xmlns="http://www.w3.org/1999/xhtml"></br>Phone: +44 1483 244705
<br xmlns="http://www.w3.org/1999/xhtml"></br>Email: <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:anna.davies@linde.com" shape="rect">anna.davies@linde.com</a>

</p>

Linde to Invest $1 Billion to Support Major U.S. Semiconductor Facility Expansion

Linde wins major semiconductor gas contract; plans $1B Phoenix expansion

Linde , the world's largest ​industrial gases company, ‌said on Friday it had ​secured a ​new long-t...

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

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Linde raises lower end of 2026 guidance after Q2 earnings beat

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Linde (NASDAQ:LIN) today announced that it has been awarded a new long-term agreement to supply ultra-high-purity industrial gases to one of the world’s largest semiconductor manufacturers.


The agreement will support</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>LIN disclosed a multi-year gas-supply agreement with a leading semiconductor maker and a $1 billion expansion of its Phoenix on-site gases complex, including two new SPECTRA ASUs. Separately, its Taiwan JV Linde LienHwa plans about $800 million of capex to serve the same customer across multiple sites. The deals highlight robust demand in advanced semiconductor manufacturing and expand LIN&#039;s revenue visibility and production capacity.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Linde secures long-term gas-supply deal with major semiconductor maker; Phoenix expansion.</li><li>Linde to invest $1B to expand Phoenix on-site complex; add two SPECTRA ASUs.</li><li>Linde LienHwa JV to invest ~$800M in Taiwan for ASUs and hydrogen units.</li><li>Expansion to support two new semiconductor fabrication facilities; uses SPECTRA tech.</li><li>Customer expansion underscores demand for advanced semiconductors; strengthens LIN&#039;s global relationship.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Linde plc (LIN)</strong>: Announced multi-year gas-supply deal and major capex; positive for topline and backlog growth.</li><li><strong>Linde LienHwa (N/A)</strong>: Linde’s Taiwan JV selected to supply industrial gases; ~$800M capex planned; potential incremental LIN revenue via JV.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The article describes a strategic customer win and sizable capex, signaling durable demand and growth for LIN&#039;s gas solutions in electronics manufacturing.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Multi-year customer contract and large capex imply higher backlogs and future revenue.</li><li>Phoenix expansion could improve on-site production economics and margins.</li><li>Taiwan JV investment expands regional exposure and potential revenue mix.</li><li>Visible growth in advanced semiconductor demand supports LIN’s long-term trajectory.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Linde will invest $1 billion to expand its Phoenix on-site industrial gases complex.</li><li>Two new SPECTRA ASUs will be built, owned and operated by Linde at Phoenix.</li><li>Linde LienHwa, LIN&#039;s Taiwan JV, plans ~$800 million investment for ASUs and hydrogen units.</li><li>Expansion supports two new semiconductor fabrication facilities at the customer site.</li><li>Linde targets ultra-high-purity nitrogen, oxygen, and argon supply for these facilities.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish over 12–24 months as capacity expansions lift backlog and revenue visibility.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
Linde (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/LIN">LIN</a>) today announced that it has been awarded a new long-term agreement to supply ultra-high-purity industrial gases to one of the world’s largest semiconductor manufacturers.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The agreement will support the expansion of the customer’s semiconductor manufacturing complex in Phoenix, Arizona. Linde will invest $1 billion to expand its existing on-site industrial gases complex in Phoenix, making the site one of Linde’s largest investments for an electronics customer globally.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Under the agreement, Linde will build, own and operate two new SPECTRA<sup xmlns="http://www.w3.org/1999/xhtml">&#xAE;</sup> air separation units (ASUs) and associated infrastructure. The new units will complement the three existing ASUs at the site.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The expansion will increase Linde’s supply of ultra-high-purity nitrogen, oxygen and argon to support two new semiconductor fabrication facilities. The new plants will use Linde’s leading-edge SPECTRA<sup xmlns="http://www.w3.org/1999/xhtml">&#xAE;</sup> technology to deliver the purity, reliability and operating efficiency required for advanced semiconductor manufacturing.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Separately, Linde LienHwa, Linde’s joint venture partner in Taiwan, has been selected by the same customer to supply industrial gases to new semiconductor manufacturing and advanced packaging facilities at multiple sites in Taiwan. Linde LienHwa plans to invest approximately $800 million to build, own and operate several ASUs and hydrogen production units.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Advanced semiconductor manufacturing depends on the reliable supply of gases at exceptional levels of purity," said Armando Botello, President Linde Gases, US. "As global demand for advanced semiconductors continues to increase, this investment demonstrates Linde’s ability to deliver the purity, reliability and scale our customers require. We are proud to support our customer’s expansion in the United States and Taiwan and to further strengthen our long-term global relationship."

</p><p xmlns="http://www.w3.org/1999/xhtml">
Linde is a leading global supplier of industrial and specialty gases to the electronics industry, supporting customers in the United States, Taiwan, South Korea and other markets. Its proprietary technologies and global operating capabilities enable the reliable supply of ultra-high-purity gases to one of the world’s most technologically demanding and rapidly growing industries.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Linde</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Linde is a leading global industrial gases and engineering company with 2025 sales of $34 billion. We live our mission of <i xmlns="http://www.w3.org/1999/xhtml">making our world more productive</i> every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain, decarbonize and protect our planet.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Linde serves a variety of end markets such as chemicals &amp; energy, food &amp; beverage, electronics, healthcare, manufacturing, metals and mining. Linde’s industrial gases and technologies are used in countless applications, enabling space exploration and launch technologies, delivering ultra-high-purity and specialty gases for semiconductor manufacturing, providing life-saving medical oxygen and enabling clean hydrogen production and carbon capture to reduce greenhouse gas emissions. Linde also delivers state-of-the-art gas processing solutions to support customer growth, efficiency improvements and emissions reductions.

</p><p xmlns="http://www.w3.org/1999/xhtml">
For more information about the company and its products and services, please visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.linde.com&amp;esheet=54580664&amp;newsitemid=20260731307306&amp;lan=en-US&amp;anchor=www.linde.com&amp;index=1&amp;md5=dc58c4d9f687824278da498aafad7154" shape="rect">www.linde.com</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260731307306r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260731307306/en/" rel="nofollow">https://www.businesswire.com/news/home/20260731307306/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Investor Relations 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Juan Pelaez
<br xmlns="http://www.w3.org/1999/xhtml"></br>Phone: +1 203 837 2213
<br xmlns="http://www.w3.org/1999/xhtml"></br>Email: <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:juan.pelaez@linde.com" shape="rect">juan.pelaez@linde.com 
</a><br xmlns="http://www.w3.org/1999/xhtml"></br>
<br xmlns="http://www.w3.org/1999/xhtml"></br><b xmlns="http://www.w3.org/1999/xhtml">Media Relations 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Anna Davies
<br xmlns="http://www.w3.org/1999/xhtml"></br>Phone: +44 1483 244705
<br xmlns="http://www.w3.org/1999/xhtml"></br>Email: <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:anna.davies@linde.com" shape="rect">anna.davies@linde.com</a>

</p>

LIN disclosed a multi-year gas-supply agreement with a leading semiconductor maker and a $1 billion expansion of its Phoenix on-site gases complex, including two new SPECTRA ASUs. Separately, its Taiwan JV Linde LienHwa plans about $800 million of capex to serve the same customer across multiple sites. The deals highlight robust demand in advanced semiconductor manufacturing and expand LIN's revenue visibility and production capacity.

News insight

Linde to Invest $1 Billion to Support Major U.S. Semiconductor Facility Expansion

AI summary

Sentiment rationale

Key facts

Corporate Developments