In consideration of the dramatic worldwide economic downturn resulting from the COVID-19 pandemic, DSCC has revised its outlook for demand for major display devices; we now expect Y/Y declines in all major display applications and declines in area and revenue for the display industry.

As events are moving quickly, it’s important for our readers to recognize that our forecast update reflects the perspective as of March 25th, 2020. For the purpose of this article, we will refer to our view as the “March 2020 forecast” and distinguish it from our original forecast for the year, the “January 2020 forecast”.

As you will see, we expect a substantial downturn in the first two quarters of the year, with a gradual recovery in the second half, with TV volumes (as one example) in Q4 reaching and exceeding the January 2020 forecast levels.

We are not including any update for 2021 or afterward; our first thoughts are that demand will return to “normal” and therefore 2021 – 2025 would be unchanged. However, if the COVID-19 crisis gets more severe, the impact is likely to extend into the second half of 2020 and into 2021.

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