TCL Technology to acquire 45% of Guangzhou Huaxing Semiconductor for ~$1.31B
Amount
$1.3B
Industry
semiconductor / chip_manufacturing
First Seen
March 31, 2026 at 12:26 PM
Companies
TCL Technology, Guangzhou Huaxing Semiconductor, Hengjian Investment, Chengfa Investment, Science City Investment
Investors
TCL Technology
Source Count
5 sources
Company Description
Guangzhou Huaxing Semiconductor (CSOT) is a manufacturer of semiconductor display panels.
Summary
TCL Technology announced its plan to acquire a 45% stake in Guangzhou Huaxing Semiconductor for 9.325 billion CNY (approximately $1.31 billion). The acquisition will be made through a combination of issuing shares and paying cash to sellers including Hengjian Investment, Chengfa Investment, and Science City Investment, allowing TCL to consolidate its control over the display panel subsidiary.
Sources
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