SEOUL, March 31 (Reuters) - South Korea has sufficient
helium stocks until at least June, two sources said, while the
industry minister ruled out any first-half supply disruptions,
allaying worries over the Iran war's impact on supplies of the
gas crucial for chipmaking.
Prices of helium, a by-product of natural gas processing,
have risen sharply after the U.S.-Israel war on Iran disrupted
such operations in Qatar, the world's largest supplier of
liquified natural gas (LNG).
But South Korea, home to some of the world's largest
chipmakers, including Samsung Electronics ( SSNLF ) and SK
Hynix, has enough helium inventory to ride out the
first half, a government official told Reuters.
The companies are also paying premiums to secure inventory,
mainly from top producer the United States, he said, adding,
"Price aside, securing the stock right now is the top priority."
The government official and the second source, employed by
a helium supplier, declined to be identified as they were not
permitted to speak to the media.
Both Samsung and SK declined to comment.
Disruptions in helium supply were unlikely during the first
half, Industry Minister Kim Jung-kwan told President Lee Jae
Myung during a cabinet meeting on Tuesday, but did not
elaborate.
Samsung Electronics ( SSNLF ) and SK Hynix, which supplies roughly
two-thirds of the world's memory chips, have four to six months
worth of helium inventory, the second source, at a supplier of
helium to Samsung, told Reuters.
The supplier sources helium from both the United States and
Qatar, cushioning the impact of disruption in the latter, he
added.
Qatar, which produces nearly a third of world supply, ranks
second after the United States. Iranian attacks on the Gulf
state's gas facilities have forced QatarEnergy to declare force
majeure to customers.
Last week Taiwan, another key chipmaking base, said its
helium supplies were stable. However, some companies in the chip
making supply chain have said some impact was starting to be
felt on production.
Helium and bromine were among the key semiconductor
manufacturing materials at risk of supply disruptions from a
prolonged Iran conflict, Samsung and business groups told
lawmakers this month, besides higher energy costs.
SK Group Chairman Chey Tae-won also blamed Middle East
tension for costlier energy that pushed the group to seek out
other energy sources.