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Published on: 2025-04-25 05:06:49 Published on: 2025-04-25 05:06:49

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torrent power limited (532779) expands into new market ✌️【Stock Resources】✌️ Free access to professional investment advisors who provide real-time market data and trend analysis. Select top-performing stocks and boost your capital with expert strategies for market 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.

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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.

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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.

torrent power limited (532779) expands into new market ✌️【Stock Resources】✌️ Free stock market strategies and analysis based on real-time data, empowering you to choose profitable investment options and avoid risks. Our expert predictions will help you stay in tune with the latest market trends. 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.

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“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.

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“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.’”

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“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.

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“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.

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“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.

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torrent power limited (532779) expands into new market ✌️【Stock Resources】✌️ Professional stock market analysis, real-time data, and expert recommendations for high-potential stocks. Take advantage of market opportunities and improve your capital growth with strategic investment plans. 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.

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