# Who are Linde's customers? Who does Linde earn revenue from?
Canonical: https://valuechain.wiki/linde · Facet: customers · Updated: 2026-09-24T12:56:01.846+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Linde's confirmed revenue counterparties include TSMC, 삼성전자, Halliburton Company plus 5 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 8 revenue edges, backed by 7 dated sources, 2 of them primary filings (as of 2026-09-24).

### TSMC (high)  → /tsmc.md
- note: Supplies ultra-high-purity and specialty gases to TSMC fabs on-site and bulk — dedicated ASUs at new fabs like Arizona under 15-20 year contracts. Fab utilization is volume.
- [confirms] SEC EDGAR (EN, filing, published 2025-10-30) https://www.sec.gov/Archives/edgar/data/1707925/000162828025047710/lin-20250930.htm: "Supplies UHP and specialty gases to tsmc."
- [confirms] KPINews (KO, news, published 2025-01-01) https://www.kpinews.kr/newsView/1065561434327351: "Supplies UHP and specialty gases to tsmc."
- [confirms] Pressian (KO, news, published 2023-01-03) https://www.pressian.com/pages/articles/2023010315545594954: "Supplies UHP and specialty gases to tsmc."

### 삼성전자 (high)  → /samsung-electronics.md
- note: Supplies ultra-high-purity and specialty gases to Samsung fabs — an on-site, long-contract axis tied to memory/logic expansion.
- [confirms] SEC EDGAR (EN, filing, published 2025-10-30) https://www.sec.gov/Archives/edgar/data/1707925/000162828025047710/lin-20250930.htm: "Supplies UHP and specialty gases to samsung-electronics."
- [confirms] KPINews (KO, news, published 2025-01-01) https://www.kpinews.kr/newsView/1065561434327351: "Supplies UHP and specialty gases to samsung-electronics."
- [confirms] Pressian (KO, news, published 2023-01-03) https://www.pressian.com/pages/articles/2023010315545594954: "Supplies UHP and specialty gases to samsung-electronics."

### 핼리버튼 (high)  → /halliburton.md
- note: Linde, through Linde North America, provided LNG supply and a gas-distribution system for Halliburton's dual-fuel hydraulic-fracturing project, with public evidence confirming a 2013 project while the scale and continuity of the current supply relationship are not disclosed.
- [confirms] Halliburton Investor Relations (EN, ir, published 2013-01-11) https://ir.halliburton.com/news-releases/news-release-details/halliburton-uses-clean-burning-us-natural-gas-power-complete: "Halliburton also worked with Linde North America to establish a safe and efficient gas distribution system as well as the supply of the liquefied natural gas needed for this project."

### CF 인더스트리스 (high)  → /cf-industries.md
- note: Linde will build, own, and operate the Blue Point air-separation unit through a subsidiary and supply oxygen and nitrogen under a long-term agreement, while CF does not disclose the contract value.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-25) https://www.sec.gov/Archives/edgar/data/1324404/000132440426000007/cf-20251231.htm: "long-term supply agreement"
- [confirms] Linde (EN, ir, published 2025-06-23) https://www.linde.com/news-and-media/2025/linde-signs-long-term-agreement-to-supply-industrial-gases-to-world-scale-low-carbon-ammonia-facility-in-louisiana: "Linde will build, own and operate a world-scale air separation unit"

### Intel (mid)  → /intel.md
- note: Supplies ultra-high-purity and specialty gases to Intel fabs — an axis tied to Intel Foundry's new-fab ramp.
- [confirms] SEC EDGAR (EN, filing, published 2025-10-30) https://www.sec.gov/Archives/edgar/data/1707925/000162828025047710/lin-20250930.htm: "Supplies UHP and specialty gases to intel."
- [confirms] KPINews (KO, news, published 2025-01-01) https://www.kpinews.kr/newsView/1065561434327351: "Supplies UHP and specialty gases to intel."
- [confirms] Pressian (KO, news, published 2023-01-03) https://www.pressian.com/pages/articles/2023010315545594954: "Supplies UHP and specialty gases to intel."

### SK하이닉스 (mid)  → /sk-hynix.md
- note: Supplies ultra-high-purity and specialty gases to SK hynix fabs — a demand axis from HBM/DRAM expansion.
- [confirms] SEC EDGAR (EN, filing, published 2025-10-30) https://www.sec.gov/Archives/edgar/data/1707925/000162828025047710/lin-20250930.htm: "Supplies UHP and specialty gases to sk-hynix."
- [confirms] KPINews (KO, news, published 2025-01-01) https://www.kpinews.kr/newsView/1065561434327351: "Supplies UHP and specialty gases to sk-hynix."
- [confirms] Pressian (KO, news, published 2023-01-03) https://www.pressian.com/pages/articles/2023010315545594954: "Supplies UHP and specialty gases to sk-hynix."

### 전자·디스플레이·태양광 (가스) (mid)
- note: Also supplies gases to display, LED, solar and general industry — an axis diversifying end-markets beyond semiconductors.
- [confirms] SEC EDGAR (EN, filing, published 2025-10-30) https://www.sec.gov/Archives/edgar/data/1707925/000162828025047710/lin-20250930.htm: "Also general-industry and healthcare gases."

### 다우 (mid)  → /dow.md
- note: Linde will provide clean hydrogen, nitrogen, and related services under a long-term agreement for Dow's Fort Saskatchewan Path2Zero project in Canada, while Dow's contracted purchase amount is not disclosed.
- [confirms] Linde (EN, ir, published 2024-08-27) https://www.linde.com/news-and-media/2024/linde-signs-long-term-agreement-to-supply-clean-hydrogen-to-dow%E2%80%99s-path2zero-project-in-canada: "Linde has signed a long-term agreement for the supply of clean hydrogen to Dow's Fort Saskatchewan Path2Zero Project."

Reverse side: https://valuechain.wiki/linde/suppliers.md · Ripple: https://valuechain.wiki/linde/ripple.md

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Full node: https://valuechain.wiki/linde.md · JSON: https://valuechain.wiki/linde.json