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Driver Chip Shortage Expected to Ease Next Year

In the past year, a shortage of various IC products due to tight silicon chip supply has hurt the display driver chip market. Since the second half of 2020, the coronavirus pandemic has boosted the stay-at-home economy, leading to an explosion in demand for consumer electronics like laptops. At the same time, 5G, servers, data centers, electric vehicles and other industries are booming. As a result, the supply of display-driven ics became tight and the industry experienced a severe shortage.