Due to the development in the expertise associated to tv units, the demand for Good TV is rising yearly and one of many main benefactors of that’s the South Korean big Samsung, which reportedly leads the market.

Liao Qian, Senior Vice President of TCL Know-how claims that Samsung has greater than 20 % of the Good TV market share for the previous 5 years. This, in flip, helps TCL as the corporate offers greater than 15 % of the large-size show panels, making Samsung the second-largest buyer of the corporate.

For individuals who are unaware, final yr, in August, TCL Know-how had acquired a 60 % stake in Suzhou Samsung Electronics LCD Know-how Co. and a 100 % stake in Suzhou Samsung Show Co. for a value of round $1.08 billion. As part of that transaction, Samsung Show paid about $739 million to turn into the Chinese language firm’s second-largest shareholder with a 12.three % stake.

With the acquisition of Samsung‘s models, the corporate goals to turn into the most important LCD TV panel vendor and in addition plans to develop its product portfolio. Final yr, TCL was the second-largest LCD panel maker for TVs globally, lagging behind China’s BOE Know-how Group.

By promoting off its models LCD Show manufacturing models to TCL, South Korean big Samsung accelerated the exit from the LCD sector as the corporate has moved its focus in the direction of LED and different new show varieties.

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