Air Products to Expand Industrial Gas Supply for Samsung Electronics' Next-Generation Semiconductor Fab in South Korea
π Air Products (APD) announced on April 29, 2026, that it has been selected to supply industrial gases for Samsung's new advanced semiconductor fab in Pyeongtaek, South Korea.
π The agreement requires Air Products to build, own, and operate multiple state-of-the-art facilities producing nitrogen, oxygen, argon, and hydrogen.
β³ Construction is expected to occur in multiple phases, with operations coming online between 2028 and 2030.
π° This project represents Air Products' largest-ever investment specifically in the semiconductor industry.
π Upon completion, the Pyeongtaek site will become Air Products' single largest global operations site supporting the electronics industry.
π€ SR Kim, President of Air Products Korea, stated that being selected again by Samsung reinforces their role as a trusted global supplier.
βοΈ Air Products has served the global electronics industry for over 40 years and has operated in Korea for more than 50 years.
π The company operates in approximately 50 countries with fiscal 2025 sales of $12 billion from operations.
π§ͺ As a world-leading supplier, Air Products focuses on energy, environmental solutions, and emerging markets to generate a cleaner future.
π‘ Air Products also develops and operates some of the world's largest clean hydrogen projects to support low-carbon energy transitions.
β οΈ The announcement includes forward-looking statements regarding future performance based on management expectations as of April 30, 2026.
- Air Products (NYSE: APD) has been selected by Samsung to supply industrial gases for its new advanced semiconductor fab in Pyeongtaek, South Korea, reinforcing the company's long-term commitment to Korea.
- This agreement represents Air Products' largest investment to date in the semiconductor industry and will establish Pyeongtaek as the company's single largest operations site globally supporting the electronics industry.
- The new state-of-the-art production facilities are expected to come onstream in multiple phases from 2028 through 2030, providing nitrogen, oxygen, argon, and hydrogen for Samsung's growing manufacturing needs.
- Air Products has a proven track record of executing multiple phase expansions in Pyeongtaek over the past 50 years in Korea to support Samsung's strategic growth plans.
- As the leading global supplier of hydrogen, Air Products develops, engineers, builds, owns and operates some of the world's largest clean hydrogen projects, supporting the transition to low- and zero-carbon energy.
- Fiscal 2025 sales reached $12 billion from operations in approximately 50 countries, demonstrating the company's strong global presence and scale.
- Air Products has built a track record of executing multiple phase expansions in Pyeongtaek, indicating high capital intensity and ongoing operational risks associated with scaling complex industrial facilities.
- This project represents Air Products' largest investment to date in the semiconductor industry, which concentrates significant financial risk on a single customer sector that may face its own cyclical downturns.
- The new facilities are expected to come online between 2028 and 2030, meaning revenue contributions from this major capital outlay will not materialize for at least two years, tying up liquidity during a prolonged timeline.
- As an industrial gases company, Air Products' operations inherently depend on stable supply chains and global energy costs; any disruption in these areas could impact the safety, reliability, or efficiency promised to Samsung.
- The forward-looking statements explicitly warn that actual performance may differ materially from projections due to various factors outlined in their Annual Report on Form 10-K for fiscal year 2025, including market and operational risks.