Air Liquide Develops Innovative Solutions for GlobalFoundries to Improve Competitiveness and Energy Efficiencies
February 19 2024 - 1:45AM
Business Wire
Regulatory News:
Air Liquide (Paris:AI) announces an investment of over
50 million euros to build a new innovative plant in Singapore and
revamp its existing facilities in Malta (New York, U.S.), supplying
high purity nitrogen to GlobalFoundries (GF). These Air Liquide
projects will enable GlobalFoundries to benefit from higher energy
efficiencies.
To bring significant energy efficiencies to GlobalFoundries, Air
Liquide’s new plant in Singapore is leveraging the Group’s
proprietary state-of-the-art designs, reducing the amount of
electricity needed. The new plant is expected to be operational by
2026.
Additionally, Air Liquide has renewed its partnership to supply
high purity gases to GlobalFoundries’ existing units at its Malta,
New York site over the next 15 years. In this context, the units in
New York will be upgraded via energy efficiency projects in order
to support the site’s efficiency and sustainability needs over this
period.
Together, these projects will enable GlobalFoundries to further
reduce its overall carbon footprint. This collaboration is part of
Air Liquide’s long-lasting partnership with GlobalFoundries, to
support their growth in major semiconductor hubs, as illustrated by
their cooperation in Dresden, Germany.
The semiconductor industry is rapidly evolving, with increasing
demand for more energy-efficient semiconductor chips and Air
Liquide is scaling up investments in major semiconductor hubs to
support its customer’s presence in key markets such as smart mobile
devices, automotive, IoT and data centers.
Armelle Levieux, member of Air Liquide’s Executive
Committee overseeing Electronics activities, stated: “Our
journey with GlobalFoundries started more than 20 years ago and
these contract extensions are further reinforcing our strategic
partnership. To meet the specific needs of our electronics
customers, we develop innovative solutions that bring both
efficiencies and sustainability benefits. Combined with our
strategic presence, close to our customers in major semiconductor
hubs, our comprehensive portfolio of products and services enables
us to address the technological challenges of the semiconductor
industry while leveraging opportunities arising from the market’s
structural growth.”
Roberto Avallone, Head of Global Facilities and Capacity
Planning at GlobalFoundries, stated: “Environmental
sustainability is imperative to our business as we continue to meet
the demand for GF-manufactured essential chips. Our strong
collaboration with Air Liquide is a part of our global
manufacturing expansion strategy in Singapore, U.S. and Germany,
and we look forward to adopting more innovative solutions that
further decarbonize our operations in line with our global Journey
to Zero Carbon strategy.”
Announced in August 2021, GF’s Journey to Zero Carbon Goal aims
first to reduce the company’s total greenhouse gas emissions by 25%
by 2030, despite a significant planned growth of its global
manufacturing capacity.
Air Liquide
Electronics
Generating €2,558 million in revenue in
2022 the Electronics business line of Air Liquide is a world
reference in designing, manufacturing and supplying ultra high
purity gases and advanced materials for this industry. The
Electronics business line of Air Liquide is a long-term partner
providing innovative and sustainable solutions to the
semiconductors, photovoltaics and flat-panel displays markets. More
than 4,600 employees worldwide are dedicated to providing the
working agility and reliability our customers need.
www.electronics-airliquide.com
____________________________
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 73 countries with
approximately 67,100 employees and serves more than 3.9 million
customers and patients. Oxygen, nitrogen and hydrogen are essential
small molecules for life, matter and energy. They embody Air
Liquide’s scientific territory and have been at the core of the
company’s activities since its creation in 1902.
Taking action today while preparing the future is at the heart
of Air Liquide’s strategy. With ADVANCE, its strategic plan for
2025, Air Liquide is targeting a global performance, combining
financial and extra-financial dimensions. Positioned on new
markets, the Group benefits from major assets such as its business
model combining resilience and strength, its ability to innovate
and its technological expertise. The Group develops solutions
contributing to climate and the energy transition—particularly with
hydrogen—and takes action to progress in areas of healthcare,
digital and high technologies.
Air Liquide’s revenue amounted to more than 29.9 billion euros
in 2022. Air Liquide is listed on the Euronext Paris stock exchange
(compartment A) and belongs to the CAC 40, CAC 40 ESG, EURO STOXX
50, FTSE4Good and DJSI Europe indexes.
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Corporate Communications media@airliquide.com
Investor Relations IRTeam@airliquide.com
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