Display Market Experiences IC Shortage
Midas Displays would like to take this opportunity to make customers aware of an important display market situation which is developing.
There is currently extremely high demand, and a severe shortage in ICs. The reasons for this are: high demand of ICs for the development of 5G network coverage, and high demand of displays and ICs for home-office and home-schooling equipment, together with the on-going COVID-19 challenges. This is increasing lead-times and costs, for all display manufacturers, and suppliers.
Midas want to give all our customers notice, so that they can prepare accordingly. This situation has developed over the past few months, and we expect this to continue during 2021.
Midas continues to support our customers and will do all we can to mitigate any increases to cost, and lead times, wherever possible. However, we would like to take this opportunity to encourage customers to place orders at the earliest possible time, and allow for a delay of at least 8 weeks on top of current lead-times. We thank you for your understand at this challenging time.