Renewable energy stock’s focus in chip manufacturing sparks a big rally
everything rally" effectively encapsulates the exceptional performance witnessed across most asset classes in the past year. Notably, stocks, oil, and even gold saw double-digit percentage gains, with bitcoin also making significant strides. Among emerging markets, the Indian stock market stood out, reaching new heights, a development buoyed by the government's concerted efforts to promote emerging sectors such as data centres, green hydrogen, and semiconductors.
Catching the buzz in recent trading sessions for its venture into the semiconductor sector is renewable energy player Linde India. Linde India, a prominent industrial gas producer in India, has a long-standing history and specializes in the production and supply of industrial gases including oxygen, nitrogen, hydrogen, and argon, as well as various specialty gases, which constitute 76% of its business. The remaining 24% comes from its project engineering division, which focuses on the design, supply, installation, and commissioning of tonnage air separation units.
The company caters to a wide range of industries, including steel, automobile, manufacturing, healthcare, and chemicals. A brokerage report highlighting the critical role of high-purity gases in semiconductor manufacturing has sparked investor interest in the stock. Fluorine-based gas compounds are used in a process called etching, where they help remove material from the semiconductor wafer to create the desired patterns and structures.
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