Russia-Ukraine Conflict May Hit Bitcoin Mining; Here's Why
Ukraine And Russia Key Suppliers of Chip Components Ukraine supplies about 90% of the United States’ semiconductor-grade neon, a gas integral to the lasers used in the chip-making process, advisory firm Techcet says in a report. Russia accounts for 35% of the country’s palladium supply, a rare metal used in creating some types of semiconductors. advertisement Any disruptions are likely to have a broad impact on chip supply, which in turn could see processor prices skyrocket once again. This in turn could crimp potential expansion in the mining industry, which is heavily dependent on chip supply. The White House had warned chipmakers to diversify their supply in the event of a Russian invasion of Ukraine , Reuters reported earlier this month. With a full-blown conflict now underway, the possibility of supply disruptions is high in the coming months. Dutch firm ASML recently said it was exploring alternatives to its current supply of neon. Other execu...