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  • 11 hours ago
South Korean lawmakers warned that Middle East supply chain disruptions could threaten chip production, with the country producing ~two-thirds of global memory chips. Samsung, SK Hynix, TSMC, and GlobalFoundries are monitoring conditions as the Iran conflict enters day six.
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00:00It's Benzinga bringing Wall Street to Main Street
00:02South Korean lawmakers warned that the U.S.-Israel conflict with Iran could disrupt supplies of
00:07key materials used in semiconductor manufacturing as fighting entered its sixth day, according to
00:13Reuters. Lawmakers raised concerns that supply chain disruptions in the Middle East could affect
00:18chip production if manufacturers lose access to materials. The warning followed a meeting
00:23with officials and executives from Samsung Electronics and industry groups.
00:27South Korea's chip industry produces about two-thirds of the world's memory chips.
00:32SK Hynix said it has diversified supply chains. Taiwan Semiconductor Manufacturing and Global
00:37Foundries said they are monitoring conditions and coordinating with suppliers. Officials
00:42also warned that conflict could affect Middle East AI data center expansion after Amazon said
00:47drone strikes damaged facilities in the United Arab Emirates and Bahrain.
00:52For all things money, visit Benzinga.com.
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