Recently, I saw a report from a major mainstream financial media outlet that mentioned a rather interesting supply chain phenomenon.

The report pointed out that tightening supplies of rare earth minerals is nothing new, but now this kind of supply chain control has spread to more areas—lithium batteries, mature-process chips, and pharmaceutical raw materials have all become new focal points.

For those of us in the Web3 industry, this is not something happening in a distant land. Mining equipment needs chips, hardware wallets and mining rigs rely on battery technology for cooling, and we don't even need to mention how AI computing chips depend on mature process technologies.

Some comments were quite blunt: supply chain games are always two-way—if you block someone, they naturally have countermeasures. After this round of tariff wars, it might not just be one side that gets hurt; the entire global industrial chain could be shaken.

The crypto industry is already one of the most globalized sectors—if there’s any issue with the hardware supply chain, the impact could be significant.