Air Liquide (ADR)
AIQUFQ3 2024(AIQUF Q2 FY2024)Estimated1.1% AI
AI Revenue %
1.1%
AI Fair Value
$559.7M
AI Revenue (Q)
$82.5M
Total Revenue (Q)
$7.5B
Source: SEC EDGAR SEC Filing Filing
Browse SEC Filing filings on SEC.govAnalysis
Q2 2024 estimated total revenue ~€6.9B. Electronics segment ~€700M (strong growth reflecting semiconductor recovery). Air Liquide H1 2024 revenue ~€13.6B. Electronics was the fastest-growing business line, driven by fab expansions and increasing gas consumption at advanced nodes. TSMC HPC segment (includes AI) at record ~45%+ of TSMC revenue. AI chip production at TSMC, Samsung, and Intel fabs is consuming an increasing share of specialty gas supply. Air Liquide specifically highlighted semiconductor-related growth in H1 2024 results. Conservative increase to 1.1%. Math: €6.9B × 1.1% = ~€76M estimated AI revenue.
Analyzed by claude-opus-4-6
Quoted Figures
Air Liquide H1 2024 group revenue approximately €13.6B. Electronics business line showed strong double-digit growth
Air Liquide H1 2024 Results
TSMC HPC segment exceeded 45% of total revenue in H1 2024, driven by AI accelerator demand
TSMC H1 2024 earnings
AI Products Identified (Ring 1)
Ultra-high purity gases for AI chip fabsElectronic specialty gases for 3nm/2nm nodesOn-site gas generation for TSMC/Samsung AI chip capacityProcess gases for HBM3E productionAdvanced materials for EUV processes
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Bulk industrial gasesHealthcare gasesLarge Industries on-site gasIndustrial Merchant gasesEngineering & ConstructionElectronics gases for non-AI semiconductor production
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix