Hurricane Helene has devastated Spruce Pine, North Carolina, home to the world’s only source of high-purity quartz crucial for semiconductor production. The town has lacked running water and electricity for more than a week after the deadly hurricane. Transportation routes were severely damaged, and mining operations were halted. The disruption threatens the $600 billion global semiconductor industry, as no alternative quartz supply exists. Experts predict a four to six-week delay before operations resume, though recovery depends on road repairs.
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00:00It's Benzinga, and here's what's on the block.
00:03Hurricane Helene has devastated Spruce Pine, North Carolina, home to the world's only
00:07source of high-purity quartz crucial for semiconductor production.
00:11The town has lacked running water and electricity for more than a week after the deadly hurricane.
00:16Transportation routes were severely damaged, and mining operations were halted.
00:20The disruption threatens the $600 billion global semiconductor industry, as no alternative
00:25quartz supply exists.
00:27Forecasts predict a four- to six-week delay before operations resume, though recovery
00:31depends on road repairs.
00:33For all things money, visit Benzinga.com.
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