08/27/2026
Linde Adds $1 Billion Phoenix Semiconductor Gas Expansion as Project Backlog Reaches $11.1 Billion
Two new air separation units will support two semiconductor fabrication facilities in Arizona as Linde targets $5.5 billion to $6 billion of companywide capital spending in 2026.
Published by Allstream Insiders
Allstream Insiders Summary
Linde plans to invest $1 billion to expand its on-site industrial-gas complex in Phoenix, Arizona, under a long-term supply agreement with an unnamed semiconductor manufacturer. The company will build, own and operate two new SPECTRA air separation units and associated infrastructure to supply ultra-high-purity nitrogen, oxygen and argon to two new semiconductor fabrication facilities.
The Phoenix project was the largest named U.S. investment accompanying Linde’s second-quarter 2026 update. Linde said the U.S. electronics contract increased its sale-of-gas project backlog by approximately $1 billion, bringing that backlog to $8.1 billion at June 30. The company’s presentation reported a total project backlog of $11.1 billion, consisting of the $8.1 billion sale-of-gas backlog and a separate $3.0 billion third-party sale-of-plant backlog held by Linde Engineering.
Linde currently expects companywide 2026 capital expenditures of $5.5 billion to $6.0 billion for growth and maintenance requirements. During the second quarter, it spent $1.438 billion, including $780 million of project capital and $658 million of base capital. Capital expenditures for the first six months of 2026 totaled $2.780 billion.
Management also said Linde expected to start up more than 20 projects representing approximately $1.3 billion of investment during the remainder of 2026. The company did not publish a project-by-project list for those anticipated startups, so they should not be treated as exclusively U.S. projects.
Read:
Two new air separation units will support two semiconductor fabrication facilities in Arizona as Linde targets $5.5 billion to $6 billion of companywide
