TCL Technology and Samsung Electronics jointly announced after market close on October 30 that Samsung Display will transfer its 10.16% stake in TCL China Star Optoelectronics Technology (TCL CSOT) to its parent company, Samsung Electronics, as part of efforts to strengthen strategic collaboration.

Direct Shareholding

Upon completion, Samsung Electronics will become a direct shareholder of TCL CSOT, holding a 10.16% stake. The transaction will not affect TCL Technology's controlling position, with TCL Technology continuing to hold an 82.82% stake in TCL CSOT.

Strategic Alignment

TCL Technology said the change in shareholding will help TCL CSOT deepen strategic cooperation with Samsung Electronics, described as an important customer with which it has an established business relationship in display panels. The move is expected to strengthen alignment with a key customer, support continued business development, reinforce existing business ties and create opportunities for closer collaboration across the display value chain.

The Companies

Samsung Electronics is one of the world's leading electronics companies, with businesses spanning TVs, displays, smartphones, home appliances and other consumer electronics. Samsung has ranked among the world's top sellers of TVs and smartphones and is also a major manufacturer of memory and other semiconductor chips.

TCL, short for “The Creative Life,” was founded in 1981 and is an industry leader in display technologies and sustainable energy solutions. TCL Technology Group Corporation emerged from a 2019 restructuring to focus on capital-intensive high-tech industries including displays, new-energy photovoltaics and materials.

As a subsidiary of TCL TECH, TCL CSOT has become a global leader in display technology. Its share of the global TV panel market is the second-largest overall, and it is No. 1 in gaming display panels. The company continues to pioneer next-generation display technologies including Micro LED, Mini LED, IJP OLED displays and light field displays.

TCL TECH's subsidiary TZE is described as the world's largest producer of solar-grade silicon crystals and a leading player in the global silicon wafer market, maintaining competitive advantages in G12 and N-type solar materials through advanced technologies.