By Ed Frankl

Air Liquide SA said Wednesday that its Taiwanese joint venture with Far Eastern New Century Corp. will invest around half a billion euros, equivalent to around $493 million, in three new plants for the semiconductor sector.

The French industrial company said it will construct three new plants to supply two of the world's largest semiconductor manufacturers with large volumes of high-purity industrial gases, including ultra-pure nitrogen, oxygen and argon.

The first plant is expected to be operational in 2024, the company said.

Write to Ed Frankl at edward.frankl@dowjones.com

(END) Dow Jones Newswires

October 19, 2022 03:18 ET (07:18 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
Air Liquide (EU:AI)
Historical Stock Chart
From Jan 2025 to Feb 2025 Click Here for more Air Liquide Charts.
Air Liquide (EU:AI)
Historical Stock Chart
From Feb 2024 to Feb 2025 Click Here for more Air Liquide Charts.