Coronavirus to hit China?s smartphone and LCD panel production hard
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IHS Markit
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Summary
Powered byBlockchain, cryptocurrencies, and insider stories by TNW.China produces 70% of all smartphones sold worldwideThe ongoing coronavirus crisis in China is expected to disrupt local production of LCD panels and smartphones, causing prices to rise and supply shortages across the world.Leading LCD and OLED panel manufacturers in the country have stated they believe that the total capacity utilization for LCD fabs could be reduced by 10 percent, reports IHS Markit.
As said here by David Canellis