TCL won’t release foldable phone in 2021: Report

San Francisco: Consumer electronics brand TCL is reportedly pausing its plans to release a lower-cost foldable phone this year.

In an email to The Verge, the company confirmed that its clamshell-style foldable phone, codenamed Project Chicago, was in mid-development when the company decided to put it on indefinite hold.

According to TCL, the delay is due in part to rising production costs and supply chain shortages, the report said.