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Tuesday, 24 October 2017

Praxair signs nitrogen supply agreement with GlobalFoundries




Praxair Inc (PX) 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 US 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,” added Foti.

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