In light of Russia’s invasion of Ukraine, the semiconductor industry has joined the collective group of entities declaring they won’t do business with Russia. The PHLX Semiconductor Index SOX dipped after the announcement, but a look at recent reports makes it clear that Russia isn’t a huge player in the field. The Semiconductor Industry Association reported that Russia accounts for less than 0.1 percent of global chip purchases. In 2021, the broader Russian Information Communications Technology (ICT) market totaled around $50.3 billion, a mere fragment of the $4.47 trillion global market, per data from the International Data Corporation (IDC). For Ukraine’s part, one potential concern lies in neon. Among other countries, Ukraine plays a role in purifying neon, and sends it out to semiconductor producers. Neon accounts for a critical part of the production process, which consists of a plethora of components that collectively are used to make semiconductors. For now, …