9 April 2026 Equity Research Report China Technology Equities Helium supply shock's implications for China's semiconductor sector The helium supply shock to hit China semi sector directly by cost and indirectly by capacity allocation. We identify two aspects through which the helium supply disruption would impact China's semiconductor value chain: 1) cost (direct impact), with rising helium prices inflating production input costs for operators with exposure; and 2) capacity allocation (indirect impact), as ...