- Oil giant BP reports drop in third-quarter net profit
- World's first green energy island sails into cost storm
- Georgia to partially recount disputed votes
- Pope's commission against abuse to publish first report
- Grieving parents fight to make Bulgaria's killer roads safer
- Taiwan worries about 'transactionalist' Trump as US votes
- Cuba's Buena Vista trumpeter Manuel 'Guajiro' Mirabal dies
- Spain seeks ground-breaking law for great apes
- Japan nuclear reactor near Fukushima to restart
- Suns scorch Lakers, Celtics stay perfect
- HSBC reports $8.5 billion pre-tax profit in third quarter
- A rare rehab centre fixes victims of Ethiopia's war
- The growing scourge of plastic pollution: in numbers
- Plastics: lifesaver turned environmental threat
- Outrage as Iran executes German-Iranian Jamshid Sharmahd
- China's only woman spaceflight engineer in crew for 'dream' mission
- Ohtani, Buehler overcome injuries to lift Dodgers a win from glory
- India temple firework explosion injures over 150
- S. Korean golfer Tom Kim sorry for damaging locker after playoff loss
- Dodgers beat Yankees to reach brink of World Series crown
- Asian shares rise as markets await tech results
- Iraq opens arms to Lebanese fleeing Israeli attacks
- Bruised Japan PM scrambles for support
- Saudi 'Davos in the desert' opens with region on war footing
- Myanmar's lost generation battles trauma, addiction at jungle rehab
- 'No one heard our cries': Tigray war rape survivors recount their ordeals
- Countdown to Busan: is a plastic pollution treaty in reach?
- Japan voters say 'punished' ruling party over scandal
- UNRWA, a lifeline for Palestinians amid decades of conflict
- Cuban blackout highlights urgency of boosting renewables: experts
- 'Amazing' AI de-ages Tom Hanks in new film 'Here'
- Big guns descend on Cali for final push in UN biodiversity talks
- 'I'm not a Nazi,' Trump insists as Harris blasts vile rhetoric
- Rodri wins men's Ballon d'Or as Real Madrid boycott
- Curry to miss at least two NBA games with left ankle injury
- Hefty electric vehicle costs dent Ford profits
- COP16 chair hails biodiversity attaining 'equal footing' with climate crisis
- Aitana Bonmati wins second successive women's Ballon d'Or
- Ohtani named in Dodgers starting line-up for World Series game three
- Real Madrid boycott Ballon d'Or ceremony
- US finalizes curbs on investing in Chinese tech
- Harris blasts Trump after racist rally rhetoric
- Tens of thousands protest in Georgia over 'stolen' election
- Man Utd sack Ten Hag, reportedly set to appoint Amorim
- Bolivia says Morales falsely claimed assassination bid
- Portuguese coach Ruben Amorim set for Manchester United job: reports
- Retiring Popp signs off as Germany's first female football superstar
- Chopin waltz unearthed after 200 years
- England's Freeman keen to make 'life a misery' for All Blacks' Reece
- Serie A strugglers Genoa sign Mario Balotelli
Chip firms play down Ukraine war supply fears
The tech industry is playing down fears of widespread raw materials shortages as a result of the war in Ukraine, after reports that chipmakers would face a severe crunch.
Russia and Ukraine are key suppliers of neon, a gas used in the lasers that etch microscopic patterns on to tiny slivers of silicon.
Russia also supplies palladium, which has several uses in electronic components.
The sector has already been hit hard by a shortage of components for chipmaking, blamed on a boom in global demand for electronic products and disruption to supply chains caused by the pandemic.
But at the Mobile World Congress in Barcelona, one of the sector's biggest get-togethers, industry figures were bullish.
"We only use a small amount of neon gas. And less than 20 percent of that small amount is sourced from Ukraine and Russia by our supplier," said Monique Mols of Dutch firm ASML, adding that they were looking into alternative sources.
While automakers and some parts of the IT sector have been hard hit by pandemic-induced shortages, smartphone makers have weathered the storm a little better.
Research group IDC said phone sales fell by 3.2 percent in the fourth quarter last year, and big brands have been forced to delay product launches.
But the likes of Apple and Samsung are still posting massive profits.
"The situation remains very complicated for the entire sector -- we will have to be patient," said Ariane Bucaille, a specialist in the semiconductor market at Deloitte.
- 'There will be an impact' -
Should the supply chain be further disrupted, analysts believe more products could be delayed and prices could rise, affecting the entire sector.
"Ukraine is a major supplier of raw material gases for semiconductors including neon, argon, krypton and xenon," said Taiwanese research firm TrendForce.
"Although the proportion of neon gas used in semiconductor processes is not as high as in other industries, it is still a necessary resource. If the supply of materials is cut off, there will be an impact on the industry."
Marina Koytcheva of CCS Insight agreed that the tech industry was "unlikely to remain sheltered from the impact of the crisis in Ukraine".
Whatever the impact of the Ukrainian crisis, a quick return to normal is unlikely.
Even before the war broke out, US bank JP Morgan reckoned the shortage of semiconductors was likely to continue through 2022, and Deloitte expected no improvement until 2024.
- 'Complex technologies' -
But the industry is more sanguine about the immediate effects of the war on their supply lines.
US chipmaker Intel has already said it did not expect the war to cause any disruption, and computer memory firm Micron said it sourced its noble gases and other minerals from across the EU, US and Asia.
Semiconductor industry group SIA stressed that there was "a diverse set of suppliers of key materials and gases".
"So we do not believe there are immediate supply disruption risks related to Russia and Ukraine," it said in a statement.
Of the longer-term prospects, actions speak louder than words, and several big firms -- Samsung and TSMC among them -- have announced huge investments in new factories to diversify production.
But Ariane Bucaille warns that these investments are likely to take two or three years to bear fruit.
They involve "complex technologies", she warned, meaning the firms will need to find "an extremely skilled workforce".
X.M.Francisco--PC