Electronics industry expansion in the U.S. fuels increased spending by Air Liquide.
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Recently, Air Liquide, a prominent industrial gas major, has reported impressive growth in the US market, particularly in advanced materials and carrier gases. This growth, according to Adam Peters, CEO for Air Liquide North America, is primarily due to semiconductor reshoring and new fabrication (fab) developments.
The US market's growth signifies Air Liquide's larger push in the market, where it has invested nearly a billion dollars over the last 18 months. Specifically, $350 million of this investment was directed towards the US market. This significant investment has contributed to Air Liquide's double-digit growth in the US this year.
The growth in Air Liquide's US market can be attributed to the reshoring activity, which is set to be further enhanced by the CHIPS Act. The CHIPS Act is expected to provide a further boost to reshoring activity in the US, contributing to the continued growth of the gas industry.
However, the identity of the project leader responsible for the new factory developments in the US market announced by Air Liquide remains undisclosed in the available search results.
Air Liquide's confirmation of its H1 earnings growth on July 29, 2021, further solidifies its position in the market.
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In conclusion, Air Liquide's significant growth in the US market is a testament to the potential of the gas industry and the benefits of reshoring activity. As we navigate through these challenging times, staying connected and informed is more important than ever, and subscribing to gasworld is a great way to do just that.
