https://t.me/CIG_telegram/52816
🇺🇸 The flooding in North Carolina has a potential to throw the semiconductor and tech markets into chaos!
The town of Spruce Pine is stranded as the major roads linking it to the rest of North Carolina and the US are flooded. The Spruce Pine Mining District in the Blue Ridge Mountains of northwestern North Carolina, produces mica, kaolin, quartz and feldspar.Spruce Pine district is one of the largest suppliers of high-purity quartz, which is used in the manufacture of silicon for integrated circuits.
The modern economy rests on a single road in Spruce Pine, North Carolina. The road runs to the two mines that is the sole supplier of the quartz required to make the crucibles needed to refine silicon wafers.
@CIG_telegram
Helene dropped 33" of rain. Last historic record was 20". Western NC is fuc*ed, An associate in AVL lost their house. CHimney Rock, Black Mountain, Lake Lure, Swannonoa, Maggie Valey, etc, all gone.
Maggy Valley, the well to do retire there.
Well... look on the bright side... the research triangle is okay so we can still get C25 right on schedule...🙄
The two days before Helene were also constant rain. Water is powerful.