White House Warns the Chip Industry of Possible Russian Retaliation

The Biden administration is warning the U.S. chip manufacturers of a retaliation should U.S. imposes economic sanctions on Russia. The White House wanted the semiconductor industry to diversify supplies in case Russia blocks access to key materials.

Many chip manufacturers rely on Russian and Ukrainian imports, including materials like palladium and neon. Over 90% of U.S. semiconductor grade neon is imported from Ukraine, while 35% of palladium is sourced from Russia.

White House officials and members of the semiconductor industry have been discussing the issue in recent days. The administration wants to know the companies’ level of exposure to Russian and Ukrainian materials and urges them to diversify supplies.

Neon is a critical material for lasers used to make chips. It is a byproduct of Russian steel manufacturing and is purified in Ukraine. Palladium is used in sensors and memory.

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Do you need to access special insights on this matter?

Start your 7-day free trial  and become a member today

Subscribe to Top Insights Today

Subscribe to Executive Newsletter Top Insights Today

The Executive Newsletter -Top Insights Today- puts global business events in perspective through special insights

Join the ranks of global executives and subscribe to Top Insights Today

Top Insights Today covers insights on energy, clean-tech, oil&gas, mining, rare earths, defense, aviation, infrastructure, manufacturing, electrical vehicles, big-tech, finance and politics of business

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

Record Lithium Prices Threaten the Future of Electrification

The spot price for battery-grade lithium carbonate in China reaches 400,000-430,000 yuan, up 47% since the beginning of the year and increased eight fold since the start of 2021. Price of every component of the lithium processing from mined spodumene to high-purity hydroxide has been going up. 

Chile Explores Green Hydrogen Opportunities

Chile’s state development office Corfo signed agreements with three companies to fund industrial green hydrogen production, with a view of doubling current world output. 

Siemens Ending 170-Year Presence in Russia

Siemens announces its full exit from Russia after 170 years following Moscow’s invasion of Ukraine, which is described by the company CEO Busch as a “turning point in history”. The German industrial giant is set to face a €600m hit in the second quarter after the announcement.

Stay informed

error: This content is protected !!