Air Products' High Stakes Gamble on Chip Fab Gases Air Products' recent deal to supply high purity gases to a leading chipmaker in Arizona has raised eyebrows among industry watchers, given the company's pivot away from large clean energy projects.
The $250 million investment marks a significant departure from APD's earlier strategy, and some are left wondering if this is more than just a smart business move – it may be a desperate one.
The deal leverages Air Products' existing expertise in gas supply, which has been the company's bread and butter for over 40 years.