Demand from Chinese phone and tablet manufacturers keeps touch panel producers busy
The Taiwan based companies that are losing business include names like TPK and Young Fast Optoelectronics. Thanks to careful selection of low priced suppliers, a company like Xiaomi can offer the Xiaomi Hongmi, stuff it with a quad-core CPU, give the screen a 312ppi pixel density, and still make money selling it for the Yuan equivalent of $130 USD. That is because the phone cost Xiaomi just $85 USD to produce.
Most of the orders for touch panels from the Chinese vendors, are for smartphones and tablets that will be released sometime in the current quarter.