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

Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025
Forsyth Barr shifts Turners Automotive to neutral
Markets

Forsyth Barr shifts Turners Automotive to neutral

The company has delivered five consecutive years of record earnings.

Rebecca Howard 04 Jul 2025
Vital board backs Tait takeover
Markets

Vital board backs Tait takeover

Vital’s board has unanimously recommended that shareholders and option holders accept a full takeover offer from Tait Communications, despite their view that it undervalues the company.In May, Vital shares rallied after it disclosed that Tait, a Christchurch-based critical commun...

Gregor Thompson 04 Jul 2025
Drury’s ASX stag, MetroGlass’s new owner, and more
Markets Small Cap Wrap

Drury’s ASX stag, MetroGlass’s new owner, and more

Rod Drury goes ‘pre-revenue’ again, plus small cap news from NZ.

Pattrick Smellie 04 Jul 2025