Experts say that this agreement will strengthen TCL’s position in the global display market, especially in the large-size LCD panel segment. The Guangzhou factory, a key asset of the deal, specializes in producing TV panels with an estimated production of 14 million units in 2024. This acquisition will increase CSOT’s share of the large format LCD panel market to over 20%, making the company the world’s second largest player after BOE.
For LG Display, this transaction marks a strategic shift into the growing OLED segment: the proceeds from the sale will help the company stabilize its financial position and focus on the development of world-class OLED technologies.
Source: Ferra
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