LG's China LCD plant sold for $1.5 billion — focus moves to OLED
Sep 27, 2024 · LG Display is selling its majority stake in its Guangzhou, China LCD plant to TCL's CSOT unit for 10.8 billion yuan ($1.54 billion), the report claims citing a regulatory filing. The deal...
LG Display agrees sale of Chinese LCD plant for $1.5 bln
Sep 26, 2024 · South Korea's LG Display said on Thursday it had agreed to sell its stake in its large liquid crystal display (LCD) plant in Guangzhou, China, to TCL's LCD unit CSOT for 10.8 billion yuan...
LG Display Agrees Sale of Chinese LCD Plant for $1.5 Billion
Sep 26, 2024 · SEOUL (Reuters) -South Korea's LG Display said on Thursday it had agreed to sell its stake in its large liquid crystal display (LCD) plant in Guangzhou, China, to TCL's LCD unit CSOT for 10.8...
LG Display set to sell its last remaining LCD plant | AVForums
Aug 5, 2024 · LG Display is set to begin the process of selling off its last LCD panel manufacturing plant as it looks to further strengthen its OLED technology line-up. It was no secret that the company was looking to move away from the market, having previously ceased LCD operations at its Paju plant in South Korea back in 2022.
LG is selling its LCD factory to a surprising rival – and will focus on ...
Aug 5, 2024 · LG's display arm has agreed to sell its LCD factory so it can focus on producing OLED screens. LG Display is negotiating with a subsidiary of rival TV maker TCL for the sale of its LCD plant...
LGD sells Guangzhou LCD plant for US$1.54 billion, shifts focus to …
Oct 3, 2024 · LG Display (LGD) has sold its LCD plant in Guangzhou, China for approximately US$1.54 billion, a strategic move critical to the company's pivot towards OLED production.
LG Display Picks CSOT as Preferred Bidder for China LCD Plant
Aug 1, 2024 · SEOUL (Reuters) - South Korea's LG Display has picked TCL's LCD unit CSOT as preferred bidder for its liquid crystal display (LCD) plant in Guangzhou, China. LG and CSOT will carry out...
TCL to Acquire LG Display’s Guangzhou Plant, CSOT to Secure …
Sep 27, 2024 · TCL Group officially announced on September 26th its plans to acquire 80% equity in LG Display’s 8.5-generation LCD panel plant in Guangzhou (including 10% previously held by Shenzhen Skyworth) and 100% equity of the module factory through its subsidiary, CSOT.
LG Display signs $1.5 bil. deal to sell large LCD plant in …
LG Display signed a 2 trillion won ($1.5 billion) deal to sell its entire stake in a large LCD plant in Guangzhou, China, the company said in a regulatory filing, Thursday.
LG Display looks to sell off its last LCD plant in China as it pivots ...
May 9, 2024 · LG Display is in talks to leave the LCD business to focus on OLED production, the Korea Herald reports. The display maker is reviewing options to sell its LCD assets, including manufacturing...
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