TCL expands LED and OLED business with key acquisitions, project updates

TCL Technology Group announced its subsidiary, TCL Huaxing Optoelectronic Technology Co., Ltd. successfully bid for 80% equity in Fujian Zhaoyuan Optoelectronic Co., Ltd., along with related creditor's rights, for a final transaction price of 49,000 million yuan. This acquisition aims to integrate LED chip design and manufacturing, creating a vertically integrated supply chain and strengthening core technology reserves. Fujian Zhaoyuan will become a controlled subsidiary of TCL Technology.

In related news, TCL Technology provided an update on its 8.6-generation printed OLED production line project (t8 project) in Guangzhou. This project, managed by Guangzhou Huaxing Optoelectronic Printing Display Technology Co., Ltd., has a registered capital of 177 billion yuan. TCL Huaxing will contribute 67.2 billion yuan, while other state-owned shareholders will contribute a combined 109.8 billion yuan, with full capital contributions expected by December 31, 2026.

Additionally, TCL Technology Group has listed two tranches of its 2025 technology innovation company bonds (digital economy) on the Shenzhen Stock Exchange. The first tranche has an issuance amount of 5.00 billion yuan with a 170-day maturity and an annual coupon rate of 1.74%. The second tranche has an issuance amount of 15.00 billion yuan with a 3-year maturity and an annual coupon rate of 2.24%. Both tranches commenced trading on December 29, 2025.