Air Liquide SA has announced a long-term gas supply agreement with VisionPower Semiconductor Manufacturing Company (VSMC) to bolster Singapore's semiconductor industry. The company will invest approximately 70 million euros in the construction, ownership, and operation of a new industrial gas production facility in Singapore. This state-of-the-art plant will supply large volumes of ultra-high purity nitrogen, oxygen, argon, and other gases to VSMC, a joint venture between Vanguard International Semiconductor Corporation and NXP Semiconductors N.V. The production facility, designed for optimized footprint and energy efficiency, is scheduled to begin operations in 2026, enhancing Air Liquide's presence and commitment in the region. Ronnie Chalmers, Air Liquide Group Vice President Supervising Asia Pacific, emphasized the company's dedication to providing technologically advanced, sustainable solutions and reinforcing its leadership in the electronics industry.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.