Further to our previous announcement regarding IC pricing and lead time increases, we have received information on a price increase for ITO Glass. Increased demand for raw materials used to produce TFT panels, affecting manufacturing capabilities and leading to materials shortages following the constant rise in remote working caused by the coronavirus.
As we continue to see the impacts COVID-19 has on supply chains globally, this week we have received information from our Far East suppliers that prices for all monochrome projects will increase between 5-8% from March 2021. The continued requirements for home working, and further developments by businesses to introduce home working as a permanent option increasing demand for PC monitors, tablets, and remote working devices.
We appreciate your support at this challenging time and hope to see more consistency within the supply chain of raw materials in the coming months. We will continue to provide updates on this as and when we receive news.