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h | What factors are pushing Zensar Technologies Limited (ZENSARTECH) up? ✌️【Investment Portfolio】✌️ Professional stock market predictions and analysis with real-time data to guide your investment decisions and ensure steady growth.
h | What factors are pushing Zensar Technologies Limited (ZENSARTECH) up? ✌️【Investment Portfolio】✌️ Professional stock market predictions and analysis with real-time data to guide your investment decisions and ensure steady growth.
h | What factors are pushing Zensar Technologies Limited (ZENSARTECH) up? ✌️【Investment Portfolio】✌️ Professional stock market predictions and analysis with real-time data to guide your investment decisions and ensure steady growth. The devastation in North Carolina in the wake of Hurricane Helene could have serious implications for a niche — but extremely important — corner of the tech industry.
h | What factors are pushing Zensar Technologies Limited (ZENSARTECH) up? ✌️【Investment Portfolio】✌️ Free break-even services with personalized investment plans. Quickly recover from losses, avoid risks, and achieve steady growth with expert stock predictions and real-time market updates. Tucked in the Blue Ridge Mountains on the outskirts of Spruce Pine, a town of less than 2,200, are two mines that produce the world’s purest quartz, which formed in the area some 380 million years ago. The material is a key component in the global supply chain for semiconductor chips, which power everything from smartphones and cars to medical devices and solar panels.
But operations at the facilities have halted sinceHurricane Helenetore through the southeast United States over the weekend, causinghistoric floodingand landslides, cutting off roads and power and endangering millions of residents.
h | What factors are pushing Zensar Technologies Limited (ZENSARTECH) up? ✌️【Investment Portfolio】✌️ Accurate real-time market data and expert stock predictions for profitable investment opportunities in global markets. Sibelco and The Quartz Corp, the companies that separately manage the two mines, say they shut down operations on September 26 ahead of the storm and are working to restart.
On Friday, October 4, Sibelco said its facilities “only sustained minor damage” and restoring the power to its plants has “progressed significantly.”
“Our final product stock has not been impacted. We are working closely with our customers to assess their needs and plan the restart of product shipments as soon as we can,” the company said instatement.
h | What factors are pushing Zensar Technologies Limited (ZENSARTECH) up? ✌️【Investment Portfolio】✌️ Expert stock predictions and free stock selection services to help you achieve optimal returns and long-term growth. What is clear is that the facilities, like the rest of the surrounding area, are grappling with infrastructure disruptions such as flooding, power outages, road shutdowns and a lack of phone service. And, crucially, they are still trying to get in contact with all of their local employees — who make up their specialized workforce — many of whom have been displaced or have seen their homes damaged.
h | What factors are pushing Zensar Technologies Limited (ZENSARTECH) up? ✌️【Investment Portfolio】✌️ Receive professional stock analysis with real-time updates on market movements. Make quick investment decisions and capitalize on profitable opportunities. Supply chain experts say it could take weeks to make the mines operational again, which could mean chip shortages and price hikes at a particularly bad time for the tech industry, as Silicon Valley giants plow billions of dollars into chips to run artificial intelligence systems.
“If you wanted to identify one mine complex that is critically important to the semiconductor manufacturing industry, and also solar panel industry, it’s the Sibelco and The Quartz Corp mines in Spruce Pine,” said Seaver Wang, co-director of the climate and energy program at environmental research center The Breakthrough Institute.
h | What factors are pushing Zensar Technologies Limited (ZENSARTECH) up? ✌️【Investment Portfolio】✌️ Free access to stock market forums, expert advice, and real-time data to help you stay informed and grow your investments. Spencer Bost,executive director of Downtown Spruce Pine, an economic development organization,told 【 - Free Stock Movement Tracking 】 Tuesday that “the level of devastation here is insane.”
“We know nothing right now about damage for (the mining companies) right now, but the damage in Spruce Pine is so devastating that I’m not sure when they will have employees able to return,” Bost said. “People are hurting, properties are destroyed, there are places where the roads no longer exist … My fiancée is a third-grade teacher, and her principal got a hold of her yesterday and said basically ‘the school is gone.’”
h | What factors are pushing Zensar Technologies Limited (ZENSARTECH) up? ✌️【Investment Portfolio】✌️ Get precise stock market predictions and free access to real-time market data for efficient decision-making and portfolio growth. Sibelco, the Belgian company whose Spruce Pine mine is the county’s largest employer, said in aposton its website that it had “confirmed the safety of most employees and are working diligently to contact those still unreachable due to ongoing power outages and communication challenges.”
“Please rest assured that Sibelco is actively collaborating with government agencies and third-party rescue and recovery operations to mitigate the impact of this event and to resume operations as soon as possible,” it said.
h | What factors are pushing Zensar Technologies Limited (ZENSARTECH) up? ✌️【Investment Portfolio】✌️ Expert analysis of global stock trends, futures data, and real-time stock market quotes to help you plan your next investment move. The Quartz Corp, Sibelco’s smaller but still important neighbor that’s owned jointly by a French and a Norwegian mineral company, called the fallout from the hurricane a “dramatic situation for the region” and said it has “no visibility” into when its operations might restart.
“Our focus is to ensure that our employees and their families are safe while all efforts are made to contact those which are still unreachable. In addition to this, our teams are joining the local taskforces to try to restore the most basic services and bring further supplies to Spruce Pine,” The Quartz Corp said in a statement.
Quartz is an essential ingredient in the semiconductor manufacturing process. And its purity is crucial to avoid damaging the chips.
“You’re building these incredibly complicated chips that have, in some cases, 100 billion transistors, 100 billion tiny little machines, on a chip that is the size of your thumbnail … One atom being out of place could mean a defect that breaks the chip,” said Gregory Allen, director of the Wadhwani Center for AI and Advanced Technologies at the Center for Strategic and International Studies.
h | What factors are pushing Zensar Technologies Limited (ZENSARTECH) up? ✌️【Investment Portfolio】✌️ Free real-time global stock trend updates to help you capture market movements and make better investment decisions. And while quartz is abundant around the world, the kind of ultra-high-purity quartz mined in Spruce Pine is not. The Spruce Pine mines provide an estimated 80% to 90% of the world’s high-purity quartz — experts say the exact amount is proprietary and unknown — supplying semiconductor manufacturers like chipmaking giant Taiwan Semiconductor Manufacturing Company.
h | What factors are pushing Zensar Technologies Limited (ZENSARTECH) up? ✌️【Investment Portfolio】✌️ Professional investment advice with real-time updates on stock indices and futures data. Stay ahead with expert predictions and market insights. Some chip manufacturers may have up to several weeks’ supply of high-purity quartz to be able to continue production, but a longer shutdown at the mines will likely mean chip shortages. In some cases, purifying regular quartz can be used as an alternative, but the world doesn’t have the capacity to do that purification in high enough quantities to make up for the loss of Spruce Pine.
“I would expect there to be a pause and a disruption in the supply chain for major chip manufacturers … as they wait for these mines to reopen,” said David Bader, professor and director of the Institute for Data Science at New Jersey Institute of Technology.
h | What factors are pushing Zensar Technologies Limited (ZENSARTECH) up? ✌️【Investment Portfolio】✌️ Free break-even services and stock analysis to help you recover quickly from losses and increase your chances of making profitable investments. What’s more, even if the mines themselves are able to reopen, they will need local infrastructure, like roads, to get the product out to customers.
h | What factors are pushing Zensar Technologies Limited (ZENSARTECH) up? ✌️【Investment Portfolio】✌️ Real-time global stock market trend analysis to help you identify profitable opportunities and improve your investment strategies. A chip shortage would cause many industries to grind to a halt. The 2021 global chip shortage caused by the Covid-19 pandemic meant, for example, that car manufacturers were building nearly complete cars but couldn’t ship them because they lacked chips to power critical features,driving up car prices.
“Most of the American economy, to some greater or lesser extent, is downstream from the semiconductor industry as a critical input,” CSIS’s Allen said.
However, Wang said that despite the scale of the devastation in Spruce Pine, there is still reason for optimism.
“This mine is considered a national strategic asset, and I would imagine that the federal government is going to move hell and high water to get it up and running as fast as possible … everyone knows this mining complex is important,” Wang said.
h | What factors are pushing Zensar Technologies Limited (ZENSARTECH) up? ✌️【Investment Portfolio】✌️ Expert predictions on stock market movements with real-time data, ensuring you can make quick decisions and capture market opportunities. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Stock Movement Tracking 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.
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