{"id":255078,"date":"2024-10-03T07:06:45","date_gmt":"2024-10-03T11:06:45","guid":{"rendered":"http:\/\/stateofthenation.co\/?p=255078"},"modified":"2024-10-03T07:06:45","modified_gmt":"2024-10-03T11:06:45","slug":"how-convenient-for-the-predatory-disaster-capitalists-who-want-the-land-that-sits-on-top-of-80-of-worlds-high-purity-quartz","status":"publish","type":"post","link":"https:\/\/stateofthenation.co\/?p=255078","title":{"rendered":"<h2><b>How convenient for the predatory disaster capitalists who want the land that sits on top of &#8216;80% of world\u2019s high-purity quartz&#8217;<\/b><\/h2>"},"content":{"rendered":"<p><!--more--><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-255079\" src=\"http:\/\/stateofthenation.co\/wp-content\/uploads\/2024\/10\/Screen-Shot-2024-10-03-at-7.02.32-AM.png\" alt=\"\" width=\"543\" height=\"514\" srcset=\"https:\/\/stateofthenation.co\/wp-content\/uploads\/2024\/10\/Screen-Shot-2024-10-03-at-7.02.32-AM.png 543w, https:\/\/stateofthenation.co\/wp-content\/uploads\/2024\/10\/Screen-Shot-2024-10-03-at-7.02.32-AM-300x284.png 300w\" sizes=\"auto, (max-width: 543px) 100vw, 543px\" \/><\/p>\n<hr \/>\n<div data-component=\"lazy-img\"><img decoding=\"async\" class=\"ui-image high-res-img\" src=\"https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/i82Z3YGtIs1g\/v1\/-1x-1.webp\" sizes=\"(min-width: 1px) and (max-width: 619px) 400px, (min-width: 620px) and (max-width: 759px) 600px, (min-width: 760px) and (max-width: 1019px) 800px, 1200px\" srcset=\"https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/i82Z3YGtIs1g\/v1\/220x147.webp 220w, https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/i82Z3YGtIs1g\/v1\/480x320.webp 480w, https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/i82Z3YGtIs1g\/v1\/640x427.webp 640w, https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/i82Z3YGtIs1g\/v1\/720x480.webp 720w, https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/i82Z3YGtIs1g\/v1\/960x640.webp 960w, https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/i82Z3YGtIs1g\/v1\/1020x680.webp 1020w, https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/i82Z3YGtIs1g\/v1\/1024x683.webp 1024w\" alt=\"Floodwater and damage in&amp;nbsp;North Carolina\" data-component=\"high-res-img\" \/><\/div>\n<p>Floodwater and damage in\u00a0North Carolina<\/p>\n<p data-component=\"paragraph\"><span class=\"media-ui-Caption_credit-wcEX9fml84M-\">Photographer: Melissa Sue Gerrits\/Getty Images<\/span><\/p>\n<p data-component=\"paragraph\">By\u00a0Jane Lanhee Lee,\u00a0Yoolim Lee,\u00a0and\u00a0Christina Kyriasoglou<br \/>\nOctober 2, 2024 at 8:02 AM EDT<\/p>\n<p class=\"media-ui-Paragraph_text-SqIsdNjh0t0-\" data-component=\"paragraph\">Global semiconductor makers are monitoring supplies of high-purity quartz, a material critical to the industry, after Hurricane Helene halted production at two North Carolina mines that produce most of the world\u2019s supply.<\/p>\n<p class=\"media-ui-Paragraph_text-SqIsdNjh0t0-\" data-component=\"paragraph\"><a class=\"media-ui-Link_link-tVkXhPLPofs-\" href=\"https:\/\/www.bloomberg.com\/quote\/2330:TT\" target=\"_blank\" rel=\"noopener\" data-component=\"link\">Taiwan Semiconductor Manufacturing Co.<\/a>\u00a0\u2014 the world\u2019s largest chipmaker \u2014 and Germany\u2019s\u00a0<a class=\"media-ui-Link_link-tVkXhPLPofs-\" href=\"https:\/\/www.bloomberg.com\/quote\/IFX:GR\" target=\"_blank\" rel=\"noopener\" data-component=\"link\">Infineon Technologies AG<\/a>\u00a0said in statements they were keeping tabs on the situation but didn\u2019t anticipate any significant impact to their operations. South Korea\u2019s\u00a0<a class=\"media-ui-Link_link-tVkXhPLPofs-\" href=\"https:\/\/www.bloomberg.com\/quote\/005930:KS\" target=\"_blank\" rel=\"noopener\" data-component=\"link\">Samsung Electronics Co.<\/a>\u00a0and\u00a0<a class=\"media-ui-Link_link-tVkXhPLPofs-\" href=\"https:\/\/www.bloomberg.com\/quote\/000660:KS\" target=\"_blank\" rel=\"noopener\" data-component=\"link\">SK Hynix Inc.<\/a>\u00a0said they also don\u2019t expect repercussions. TSMC supplier\u00a0<a class=\"media-ui-Link_link-tVkXhPLPofs-\" href=\"https:\/\/www.bloomberg.com\/quote\/5434:TT\" target=\"_blank\" rel=\"noopener\" data-component=\"link\">Topco Scientific Co.<\/a>, which processes quartz, said it is reviewing its inventory and is in close touch with all suppliers.<\/p>\n<p class=\"media-ui-Paragraph_text-SqIsdNjh0t0- paywall\" data-component=\"paragraph\">The impact on the global chipmaking sector remains unclear, given semiconductor firms are adept at stockpiling essential components and the operations in North Carolina are expected to eventually resume.\u00a0<a class=\"media-ui-Link_link-tVkXhPLPofs-\" href=\"https:\/\/www.bloomberg.com\/quote\/6488:TT\" target=\"_blank\" rel=\"noopener\" data-component=\"link\">GlobalWafers Co.<\/a>, one of the world\u2019s biggest suppliers of silicon to the likes of TSMC, on Thursday became the latest to play down immediate supply concerns.<\/p>\n<p class=\"media-ui-Paragraph_text-SqIsdNjh0t0- paywall\" data-component=\"paragraph\">\u201cOur crucible suppliers have sufficient inventory to meet our needs,\u201d the Taiwanese company said in a statement. \u201cThe supply chain is resilient enough to manage a temporary disruption in upstream material. Adequate inventories are maintained throughout, and we do not anticipate any impact on our ability to fulfill committed orders.\u201d<\/p>\n<p>___<br \/>\n<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-10-02\/chip-firms-monitoring-quartz-supplies-after-hurricane-hits-mines?embedded-checkout=true\">https:\/\/www.bloomberg.com\/news\/articles\/2024-10-02\/chip-firms-monitoring-quartz-supplies-after-hurricane-hits-mines?embedded-checkout=true<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-255078","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/255078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=255078"}],"version-history":[{"count":0,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/255078\/revisions"}],"wp:attachment":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=255078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=255078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=255078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}