Linde Plc (Lynn – Free Report) has entered into an agreement with a world-leading semiconductor manufacturer to supply industrial gases to a new manufacturing facility in Phoenix, Azez.
As part of the deal, Linde works in the complex to deliver high-quality gases such as nitrogen, oxygen and argon to customers. The facilities are designed to meet the expectations of the semiconductor industry while maintaining high reliability and operational efficiency.
Linde’s total investment will be $ 600 million, with the first plants and supporting infrastructure expected to start in the second half of 2022. The company’s technology is expanding customer production capacity in the United States by providing high and high purity gas to the semiconductor facility, supporting significant operations.
Demand for industrial gas is increasing in all end markets, with widespread use in advanced applications. Linde is leading the industry in pure hydrogen production technologies, which show significant growth over a long period of time.
The company’s industrial gases are used in a variety of applications, including life-saving oxygen for hospitals, hydrogen for clean fuels, and advanced cleaning and special gases for electronics production. Linde also offers advanced gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.
In August, the company signed a similar agreement with Infineon Technologies to supply industrial rear gas chambers in Austria. At the Villach station, Linde builds and operates a mass storage system to supply additional industrial gases to meet expansion requirements.
Company Profile and Price Performance
Headquartered in Gilford, UK, Linde is a leading global industrial gas and engineering company.
The company’s shares have outperformed the industry over the past six months. The industry gained 16.9% in the fall of 1.7%.
Image Source – Zax Investment Research
Zax level and stock to consider
Lynn currently holds Zack rating # 3.
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