Power Issues Impact Display Market Lead Times

Midas Displays would like to take this opportunity to make customers aware of a developing situation in Asia, where many locations are experiencing a number of power issues.
 
The reason for these power issues is said to be a policy of dual control of energy consumption intensity and total amount. In the last few weeks, several factories have had to stop production for up to four days per week because of a power cut, or power curb. A number of provinces including Guangdong, Anhui, Jiangsu, Zhejiang, Shandong, Guangxi, and Yunnan have implemented measures to curtail power and suspend production. Essentially, to catch up from the COVID-19 pandemic, factories have used their ‘allocated quota’ of energy quicker than expected and are now suffering from a shortage.
 
Midas need to make customers aware that this current situation will affect product lead times, as the factories cannot produce products during these power cuts. This, along with the current IC shortage in the market, is likely to increase lead times further. We would encourage all customers to place orders as soon as possible, to avoid any further delays.
 
We will do our best to reduce the impact on our customers where possible. Thank you for your understanding.