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submitted 5 hours ago* (last edited 5 hours ago) by staircase@programming.dev to c/technology@lemmy.world

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Samsung, SK Hynix, and TSMC depend on oil, gas, helium, sulphur, and bromine coming from the region, or through the Strait of Hormuz.

Marko Papic, chief strategist at BCA Research ... predicts a severe hit to chip production if the strait isn’t back in operation within a month.

Could mean higher PC component prices, or even a halt in production. Could mean global recession.

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[–] Pricklesthemagicfish@reddthat.com 28 points 3 hours ago (1 children)

Ai rug pull bubble brought to you by crypto scam coin

[–] green_goglin@thelemmy.club 4 points 3 hours ago* (last edited 3 hours ago)

Systemic contagion: Every dollar invested is levered to the tits.