Hurricane Helene Disrupts Semiconductor Supply Chain

Hurricane Helene has caused significant disruptions in North Carolina, particularly affecting the global semiconductor supply chain. The storm's impact has led to the shutdown of two critical facilities owned by Sibelco and The Quartz Corp in Spruce Pine, which mine high-purity quartz essential for semiconductor production. This rare mineral is crucial for manufacturing chips used in vehicles, solar panels, and AI technologies. The shutdown, with no clear reopening date, raises concerns about potential chip shortages and price hikes similar to those experienced during the COVID-19 pandemic. Companies are prioritizing employee safety and recovery efforts amid ongoing infrastructure challenges, including power outages and damaged roads. The situation is being closely monitored, with global industries preparing for possible supply chain disruptions.