Breakingviews - Ukraine war flashes neon warning lights for chips

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Breakingviews - Ukraine war flashes neon warning lights for chips
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Russia’s invasion of Ukraine by land, air and sea risks reverberating across the global chip industry and exacerbating current supply-chain constraints. Ukraine is a major producer of neon gas critical for lasers used in chipmaking and supplies more than 90% of U.S. semiconductor-grade neon, according to estimates from research firm Techcet. About 35% of palladium, a rare metal also used for semiconductors, is sourced from Russia. A full-scale conflict disrupting exports of these elements might hit players like Intel , which gets about 50% of its neon from Eastern Europe according to JPMorgan.

An Intel Tiger Lake chip is displayed at an Intel news conference during the 2020 CES in Las Vegas, Nevada, U.S. January 6, 2020.by land, air and sea risks reverberating across the global chip industry and exacerbating current supply-chain constraints. Ukraine is a major producer of neon gas critical for lasers used in chipmaking and supplies more than 90% of U.S. semiconductor-grade neon, according to estimates from research firm Techcet.

A full-scale conflict disrupting exports of these elements might hit players like Intel , which gets about 50% of its neon from Eastern Europe according to JPMorgan., which supplies machines to semiconductor makers, sources less than 20% of the gases it uses from the crisis-hit countries. Companies may turn to China, the United States and Canada to boost supplies, says JPMorgan. But this may be a slow path.

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