Air Liquide plans $250 mln plant to supply gas for chipmaker Micron
Adds detail and context
June 5 (Reuters) -Air Liquide AIRP.PA will invest $250 million on a new industrial gas plant in Idaho to supply U.S. chipmaker Micron Technology MU.O with ultra-pure nitrogen and other gases.
Semiconductor companies have been boosting production capacity on expected growing demand for chips used in virtually all electronics.
"This investment will support the production of leading-edge memory chips, notably to meet the growing demand for computing capacities required by artificial intelligence," said Matthieu Giard, Air Liquide's CEO for the Americas.
Micron this year started mass production of its high-bandwidth memory (HBM) semiconductors for use in Nvidia's NVDA.O latest chip for artificial intelligence.
The planned Air Liquide plant is expected to be operational by the end of 2025, the company said, adding that the investment will create hundreds of direct and indirect jobs.
Reporting by Olivier Sorgho and Gianluca Lo Nostro
Editing by David Goodman
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
