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Coronavirus Crisis: The IT Industry Prepares For The Worst

While the spread of COVID-19, a.k.a. the coronavirus disease 2019, appears to be slowing, the IT industry is hoping to mitigate risks to their employees and their businesses, with many canceling conference participation or warning of financial risks.

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Display Panel Production Disrupted

IHS Markit, a London, U.K.-based technology analyst firm, reported January 31 that the coronavirus crisis was impacting display panel production at five factories in Wuhan, China, the epicenter of the outbreak The five factories produce LCD and OLED panels, and were experiencing near-term slowdowns in production.

China is expected to account for about 55 percent of worldwide display manufacturing capacity in 2020, and the disruption in display panel could result in a 10 percent to 20 percent drop in capacity utilization.

The production of televisions, computer displays, and notebook PCs could all see impacts, IHS Markit said.

The coronavirus crisis could also result in delayed ramping-up of manufacturing at new display fabs in the first half of 2020, the analyst firm said.

 
 
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