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China lockdowns a big blow for display, electronics makers | Nagaland Post

News Snapshot:

China’s sweeping Covid-19 lockdowns are sending a shockwave in the display panel industry by exacerbating supply chain woes and parts procurement problems. In April, global shipments of liquid crystal display (LCD) panels fell 15 per cent from a year earlier amid the prolonged lockdowns in China, according to industry tracker Omdia. Shipments of small and mid-sized LCD panels, used in consumer electronics like smartphones, also fell 20 percent from a year ago, reports Yonhap news agency. The drop in shipments is largely blamed on production suspension at major parts suppliers, device makers and assemblers in China, following the implementation of…

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