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 stocks end flat as US Fed decision looms
Markets Market Close

NZ stocks end flat as US Fed decision looms

Market finishes slightly down as telco company Spark loses more ground.

Jamie Gray 12 Sep 2025
Locate Technologies plans to quit ASX for NZX
Markets

Locate Technologies plans to quit ASX for NZX

Bitcoin-favouring Locate Technologies eyes move to NZX's main board.

Staff reporters 12 Sep 2025
Vital takeover bid passes threshold at 11th hour
Markets

Vital takeover bid passes threshold at 11th hour

Tait International has secured acceptances to meet the 90% minimum condition for its Vital takeover less than a day before the offer was set to expire.Vital filed a substantial product holder (SPH) notice to the NZX on Friday morning, which showed Tait's stake lifted to 92.1%...

Gregor Thompson 12 Sep 2025
Tower again hikes FY underlying profit outlook
Markets

Tower again hikes FY underlying profit outlook

Insurer sees FY underling profit up as large events weigh less than expected     

Staff reporters 12 Sep 2025