June 5 (Reuters) - Air Liquide will invest
$250 million on a new industrial gas plant in Idaho to supply
U.S. chipmaker Micron Technology ( MU ) with ultra-pure nitrogen
and other gases.
Semiconductor companies have been boosting production
capacity on expected growing demand for chips used in virtually
all electronics.
"This investment will support the production of leading-edge
memory chips, notably to meet the growing demand for computing
capacities required by artificial intelligence," said Matthieu
Giard, Air Liquide's CEO for the Americas.
Micron this year started mass production of its
high-bandwidth memory (HBM) semiconductors for use in Nvidia's ( NVDA )
latest chip for artificial intelligence.
The planned Air Liquide plant is expected to be operational
by the end of 2025, the company said, adding that the investment
will create hundreds of direct and indirect jobs.