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Touch module maker TPK Holding has warned that the second quarter will likely be a low point for this year because of continuous inventory correction in the supply chain and weak end-market demand for notebooks and tablets.
China-based panel maker CEC-Panda LCD Technology is in talks seeking to sell its 6G LCD fab to fellow company Infovision Optoelectronics, according to industry sources.
Panel prices are expected to continue rising throughout May thanks to growing LCD TV panel order pull-ins from TV vendors preparing for China's 618 shopping festival and North America and Europe's year-end holidays as well as panel makers' moves to limit their utilization rates, according to sources from the panel industry.
Radiant Opto-Electronics, a manufacturer of LED backlight units (BLUs), doubts the adoption of OLED-backlit devices by IT brand vendors due to their high pricing.
Taiwan's exports to China (including Hong Kong) were only US$34.3 billion from January to March 2023, a 30.6% decrease from the same period the previous year, according to Taiwan's Ministry of Economic Affairs. Aside from decreasing demand due to terminal inventory concerns, the US' broader export restrictions targeting China's high-tech industry may have had an impact.