Shenzhen, China – December 19, 2025
TCL China Star Optoelectronics Technology (TCL CSOT), a leading global display panel manufacturer and subsidiary of TCL Technology, has further solidified its position in the semiconductor display industry through a series of strategic moves in 2025.
The company recently announced a cash acquisition of approximately 6.045 billion RMB (about $830 million USD) to purchase a 10.7656% minority stake in Shenzhen Huaxing Semiconductor Display Technology Co., Ltd. from a major industrial fund.
This transaction elevates TCL CSOT's controlling interest in the entity to nearly 95%, enhancing control over key high-generation TFT-LCD production lines dedicated to large-size panels.
Shenzhen Huaxing Semiconductor operates two of the world's highest-generation G11 (Gen 11) panel lines, known as t6 and t7 factories in Shenzhen. These facilities specialize in producing large-size TFT-LCD panels primarily for televisions and commercial displays, offering advantages in production efficiency, cost control, and supply chain integration. Financial data underscores the asset's strength: in the first half of 2025, it reported revenues of 12.023 billion RMB and net profit of 1.709 billion RMB, with net assets reaching 46.564 billion RMB. The acquisition, valued based on an independent assessment of 56.155 billion RMB for the full entity, is expected to significantly boost TCL Technology's consolidated profits-potentially adding over 300 million RMB annually based on recent performance.
This move marks the second major equity consolidation for TCL CSOT in 2025, following an earlier transaction that raised its stake to 84.21%. Combined with the integration of the former LG Display Guangzhou 8.5-generation LCD factory (rebranded as t11), these actions demonstrate TCL CSOT's aggressive reinforcement of its LCD layout amid a shifting global display landscape. As Korean manufacturers like LG Display fully exit LCD TV panel production to focus on OLED, Chinese players are capturing greater market share. Industry analysts note that China now accounts for over 70% of global LCD capacity, with TCL CSOT and rival BOE leading the charge.
Looking ahead, TCL CSOT is poised for robust growth in the TV panel segment. Leveraging expanded capacity from recent acquisitions and ongoing line optimizations, the company aims to ship 60 million TV panels in 2025-a figure that would position it to challenge BOE for the global top spot. This target aligns with recovering panel prices, rising demand for large-size and high-end displays (including Mini LED-backlit LCDs), and favorable events like major sports tournaments driving TV upgrades. TCL CSOT's vertical integration advantages, including in-house technologies like HVA panels and advanced backlighting, further support its competitive edge in cost, quality, and customization.
While pursuing next-generation technologies such as inkjet-printed OLED and Micro LED for mid-size and specialty applications, TCL CSOT remains committed to LCD as the mainstay for large-screen markets over the next decade. This balanced strategy underscores its vision to lead in a multi-technology era, delivering innovative solutions across TVs, IT displays, automotive, and commercial sectors.
With these investments, TCL CSOT is not only consolidating core assets but also enhancing profitability and market influence, signaling confidence in sustained demand for advanced LCD panels in an evolving industry.
