]LG’s Display division says it has completed the sale of its last remaining LCD factory. China’s consumer electronic giant TCL Technology Group was the buyer. The sale marks the end of LCD TV panel manufacturing for the South Korean company.

LG Display’s final LCD TV panel factory in Guangzhou, China, was sold to TCL CSOT for around 10.8 billion yuan (€1.29bn), according to an announcement from TCL. The deal was first announced in September 2024.

With the acquisition, TCL now operates two 6-generation LCD production lines, four 8.5-generation lines, one 8.6-generation line, and two 10.5-generation lines. According to TrendForce, TCL’s share of large-size LCD panel production, by area, has increased from 19.3 per cent to 22.9 per cent.

According to Flatpanels, LG Display continues to produce LCD panels on a smaller scale for IT devices. Proceeds from the factory sale to TCL will be invested in OLED development, according to the company.

However, what the recent Trump administration’s tariff decision on Chinese import will do the cost of exported TV panels is anyone’s guess.

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Categories: Articles, Business, M&A

Tags: LG, OLED, tariffs, TCL