Large semiconductor manufacturers are unlikely to face immediate helium shortages from Middle East conflict, Moody’s analysts say. Inventory buffers, recycling, contract prioritization and expanded storage should limit near-term disruption. They note global helium supply exceeded demand in 2025, prompting major industrial gas firms to invest in storage to absorb surplus. If rationing occurs, chipmakers are likely to receive priority allocation. The sector is also relatively insensitive to helium

Large semiconductor manufacturers are unlikely to face immediate helium shortages from Middle East conflict, Moody’s analysts say. Inventory buffers, recycling, contract prioritization and expanded storage should limit near-term disruption. They note global helium supply exceeded demand in 2025, prompting major industrial gas firms to invest in storage to absorb surplus. If rationing occurs, chipmakers are likely to receive priority allocation. The sector is also relatively insensitive to helium price increases, as it accounts for under 1% of material costs.