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TV makers' hopes for Olympic boost foiled by LCD shortage

Coronavirus epicenter Wuhan is major supply hub for panels

A television factory in Shenzhen: Prices for television LCD panels have risen sharply over the past month amid supply shortages.   © Reuters

TOKYO -- The novel coronavirus outbreak has cut into Chinese production of liquid crystal displays, leaving television makers at risk of missing out on a wave of demand from this summer's Tokyo Olympics.

Both labor and materials are in short supply in a country that churns out more than half the world's LCD panels. Wuhan, the epicenter of the outbreak, is a major production hub. With panel prices rising and output having yet to recover, TV makers are rethinking plans for new models at a time that was anticipated as a bonanza for the industry.

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