Market Watch (October 1)
2024/ 10/ 02 by jd in Global News
“A tiny mining town in western North Carolina was among those battered by Hurricane Helene — and the damage could have serious implications for the massive tech-industry supply chain that relies on it.” Two mines in Spruce Pine account for about 80–90% of the “high-purity quartz used in semiconductor manufacturing.” Most foundries carry a several month inventory, but if repairs take longer it “could lead to supply-chain bottlenecks and temporary price increases on chips and electronics.”
Tags: Battered, Bottlenecks, Chips, Damage, Electronics, Foundries, Hurricane Helene, Implications, Inventory, Mining, North Carolina, Quartz, Repairs, Semiconductors, Serious, Supply chain, Tech industry
