The arrangement emphasizes supplying essential process gases and hydrogen for semiconductor manufacturing, highlighting the importance of reliable gas supply chains in silicon fabrication.

Air Products will build, own, and operate multiple production facilities and a bulk specialty gas supply system providing nitrogen, oxygen, argon, and hydrogen.

The Samsung deal fits into a broader push toward recurring, contract-backed volumes, including on-site gas supply for high-value electronics applications.

The contract aligns with Samsung’s expansion plans and sits within Air Products’ pipeline, which includes about $4.0 billion in planned capital expenditure for fiscal 2026 and new ASUs like Cocoa in Florida.

Analysts and investors will watch how this long-term commitment affects Samsung’s capacity decisions and project cash flows amid the broader electronics super-cycle and rising demand for helium and industrial gases from Asian chipmakers.

The deal links Air Products’ core industrial gases with a capital-intensive segment of electronics manufacturing, potentially shaping its exposure to future chip capacity decisions and related capex in advanced fabs.

Samsung selected Air Products as a trusted partner, reinforcing Air Products’ role as a leading global supplier to the semiconductor industry.

Air Products and Chemicals has signed a long-term contract to supply industrial gases to Samsung’s advanced semiconductor fab in Pyeongtaek, South Korea, marking the company’s largest investment in the semiconductor sector to date.

The Pyeongtaek site is set to become Air Products’ largest global operations hub, underscoring the strategic importance of the deal for its footprint in electronics gases.

The new facilities are planned to come online in phases from 2028 through 2030.

In early 2026, Air Products’ strategic decisions included considerations around Louisiana projects and the company reported first-quarter 2026 sales of about $3.1 billion, up 6% year over year.

Air Products is expanding hydrogen infrastructure in Europe, with a liquid hydrogen facility in the Port of Rotterdam more than 65% complete as of April 1, 2026.