Telecom and defence supplier Rakon quartz supply unaffected post-hurricane

Telecom and defence supplier Rakon quartz supply unaffected post-hurricane
Rakon says it hasn't been informed of any issues with quartz supply. (Image: Rakon)
Rebecca Stevenson
New Zealand Exchange-listed advanced parts manufacturer Rakon says the semiconductor industry is monitoring quartz supply after Hurricane Helene hit a US town where two large mines are. Hurricane Helene damaged Spruce Pine in North Carolina, and quartz mining companies, The Quartz Corporation and Sibelco, halted production. The quartz from the companies is used to manufacture semiconductors. Quartz from Spruce Pine was used almost exclusively for crucibles, or vessels, which have silicon poured into them to create thin slices of...

More Markets

NZ sharemarket continues momentum, Skellerup sees green
Markets Market Close

NZ sharemarket continues momentum, Skellerup sees green

 The Red Band gumboot-maker said it earned $54.5m after tax. 

Tom Raynel 21 Aug 2025
Xero board faces 'first strike' over CEO pay
Markets

Xero board faces 'first strike' over CEO pay

Xero investors fire warning shot at directors willing to pay big for talent.

Staff reporters 21 Aug 2025
Auckland airport dynamics returning to normal
Markets

Auckland airport dynamics returning to normal

Yields are improving for airlines operating into Auckland, but earnings look flat ahead. 

Pattrick Smellie 21 Aug 2025