TCL Electronics revealed in a statement that, following the close of trading on January 20, 2026, it inked a non - legally binding memorandum of intent with Sony. The aim is to set up a joint venture tasked with taking over Sony's home entertainment business and carrying out integrated operations for products like televisions and home audio systems. TCL Corporation is set to own a 51% stake in the joint venture, with Sony holding the remaining 49%.

This collaboration also encompasses the sharing of patents, technologies, and brand licensing. Sony has pledged not to participate in discussions or negotiations regarding similar deals with third - party entities within a specified timeframe.

Moving forward, the joint venture will capitalize on the unique strengths of both companies to enhance product value through strategic branding. This partnership offers both TCL and Sony a chance to pool their resources, boost their competitiveness in the market, and ultimately generate greater value for their stakeholders.