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TCL Invests 13.4 Billion Yuan in LG Display's Guangzhou Facility
2025-01-15
TCL Technology has announced that its wholly-owned subsidiary, TCL Huaxing, has acquired a 20% stake in LGDCA for 2.615 billion yuan. LGDCA operates LG Display's LCD panel production facility in Guangzhou, a direct competitor to TCL Huaxing. This strategic acquisition aims to bolster TCL Technology's semiconductor display business, fostering greater industrial synergy and scale benefits.
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