Iran war has a second front — and it's quietly threatening the world's chip supply
Taiwan relies on imports for 97% of its energy, including LNG blocked from the Strait of Hormuz, while South Korea’s semiconductor market lost $500 billion in value since the war began.
9 Articles
9 Articles
Plastics, aluminum, and microchips: What the closure of the Strait of Hormuz costs the world economy beyond oil and gas
The blockade of the Strait of Hormuz threatens to unleash a perfect storm, impacting consumers’ wallets but also crops, the packaging of everyday products, and the use of apps like ChatGPT, Gemini, and Copilot. For every day the U.S.-Israeli war against Iran drags on, global trade in products beyond oil and natural gas is restricted, the impact of which on the global economy is almost as significant, if not more so, although much more subtle. “T…
DEXYPTAGE - The conflict in the Middle East destabilizes the production and delivery of chemical elements essential for the manufacture of these components.
Iran war has a second front — and it's quietly threatening the world's chip supply
Analysts warn that if the Strait of Hormuz remains blocked for long, the war's economic damage won't be confined to energy markets alone, but will ripple through other industries as well that depends on the chips that power the modern world.
Taiwan's Middle East energy supply is 'immensely vulnerable'
As the Iranian regime tries to weaponize the flow of energy through the Strait of Hormuz, a congressman is proposing a bill to strengthen energy trade between the United States and Taiwan, specifically with LNG, or liquefied natural gas. The self-governing island relies heavily on imported fuel, with its state-owned energy company saying about a third of its oil and LNG came from the Middle East last year. NTD spoke with Grant Newsham, a retired…
The conflict between the US/Israel and Iran is increasingly threatening to paralyze the chip industry. Energy and raw material supplies are being slowed down.
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