Praxair Signs Long-Term Agreement to Supply Nitrogen to GLOBALFOUNDRIES
October 17 2017 - 8:49AM
Business Wire
Praxair, Inc. (NYSE:PX), a leading global industrial gas
company, has signed a long-term agreement to supply gaseous
nitrogen to GLOBALFOUNDRIES in Malta, New York.
Praxair will build, own and operate a state-of-the-art plant to
support GLOBALFOUNDRIES’ advanced manufacturing processes at its
Malta fabrication facility. GLOBALFOUNDRIES is a leading
semiconductor foundry that provides design, development and
fabrication services to technology companies, manufacturing chips
for many of the top semiconductor companies in the world.
“With our rich history of supporting leading electronics
customers worldwide, we are proud to grow Praxair’s existing
relationship with GLOBALFOUNDRIES as they expand their chip
manufacturing,” said Kevin Foti, president of Praxair’s U.S.
industrial gases business. “As a result of this agreement, two
companies with significant local New York operations are coming
together and spurring growth in their businesses and the local
economy as well. Our reliable supply of nitrogen and industry
expertise will support GLOBALFOUNDRIES’ position as one of the
leading semiconductor fabs in the world.”
“GLOBALFOUNDRIES continues to grow to meet the needs of our
global customer base,” said Debra Leach, GLOBALFOUNDRIES senior
director of Procurement. “A reliable supply of high-quality gaseous
nitrogen is an important component of our manufacturing operation
at Fab 8 in New York, especially as we expand capacity to meet
demand for our leading-edge semiconductor technologies."
About Praxair
Praxair, Inc. is a leading industrial gas company in North and
South America and one of the largest worldwide. With market
capitalization of approximately $40 billion and 2016 sales of $11
billion, the company employs over 26,000 people globally and has
been named to the Dow Jones® World Sustainability Index for 15
consecutive years. Praxair produces, sells and distributes
atmospheric, process and specialty gases, and high-performance
surface coatings. Our products, services and technologies are
making our planet more productive by bringing efficiency and
environmental benefits to a wide variety of industries, including
aerospace, chemicals, food and beverage, electronics, energy,
healthcare, manufacturing, primary metals and many others. For more
information about the company, please visit our website at
www.praxair.com.
About GLOBALFOUNDRIES
GLOBALFOUNDRIES is a leading full-service semiconductor foundry
providing a unique combination of design, development, and
fabrication services to some of the world's most inspired
technology companies. With a global manufacturing footprint
spanning three continents, GLOBALFOUNDRIES makes possible the
technologies and systems that transform industries and give
customers the power to shape their markets. GLOBALFOUNDRIES is
owned by Mubadala Development Company. For more information, visit
http://www.globalfoundries.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20171017006086/en/
Praxair Media:Jason Stewart,
203-837-2448jason_stewart@praxair.comorPraxair Investors:Juan
Pelaez, 203-837-2213juan_pelaez@praxair.com
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