The Bromine Chokepoint: How Strife in the Middle East Could Halt Production of the World’s Memory Chips

The U.S.-Israeli war with Iran, now in an unstable ceasefire, has exposed a structural failure in the global semiconductor memory supply chain, and it is not the one analysts seem to be tracking. The story receiving attention is helium: Qatar’s Ras Laffan facility went offline, a 45-day inventory clock started running, and spot prices doubled within days. The story receiving almost no attention is bromine, and it is potentially the more dangerous one. Bromine is the raw material from which...