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THE GLOBAL DISPLAY MARKET IS EXPECTED TO SHRINK BY 11% THIS YEAR, WITH THE LARGEST DECREASE IN HISTORY

ECONOMIC DAILY - CHINA ECONOMIC NETWORK, APRIL 20- ACCORDING TO THE NEWS FROM THE ECONOMIC AND COMMERCIAL OFFICE OF THE CHINESE EMBASSY IN SOUTH KOREA, YONHAP NEWS AGENCY REPORTED THAT OMDIA, A MARKET RESEARCH ENTERPRISE, PREDICTED IN ITS RECENT REPORT THAT, AFFECTED BY THE COVID-19, THE GLOBAL MONITOR SHIPMENTS WILL REACH 3.2 BILLION UNITS THIS YEAR, A YEAR-ON-YEAR DECREASE OF 11.1%. IT IS REPORTED THAT THERE WAS A DECREASE OF 8.8% DURING THE 2009 FINANCIAL CRISIS.OMDIA STATED THAT DUE TO THE IMPACT OF THE EPIDEMIC, THE DEMAND FOR TELEVISIONS AND SMARTPHONES IN PHYSICAL STORES IN VARIOUS COUNTRIES IS RAPIDLY DECREASING. ANALYSIS SHOWS THAT THIS YEAR'S SHIPMENTS OF LCD TV PANELS WILL DECREASE BY 9.5%, AND SMARTPHONE PANELS WILL DECREASE BY 10%. DUE TO THE IMPLEMENTATION OF REMOTE WORK AND EDUCATION IN MULTIPLE COUNTRIES, IT IS EXPECTED THAT THE USE OF DESKTOP COMPUTER MONITORS AND LAPTOP PANELS WILL DECREASE BY 1.9% AND 5.8% RESPECTIVELY, WITH A RELATIVELY SMALL MAGNITUDE.OMDIA STATED THAT IN THE CONTEXT OF OVERALL MARKET CONTRACTION, THE DEMAND FOR HIGH-END DISPLAYS WILL CONTINUE TO MAINTAIN ITS ADVANTAGE, AND KOREAN COMPANIES SUCH AS LG DISPLAY AND SAMSUNG DISPLAY HAVE CONVERTED THEIR LCD PRODUCTION LINES TO HIGH-END DISPLAY PRODUCTION LINES.OMDIA STATED THAT IF THE PANDEMIC IS ELIMINATED NEXT YEAR, GLOBAL MONITOR SHIPMENTS WILL INCREASE BY 9.1%.