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TCL Technology to acquire 45% of Guangzhou Huaxing Semiconductor for ~$1.31B
9acquisitionacquired
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
6 sources
Company Description
Guangzhou Huaxing Semiconductor is a manufacturer of display panels and semiconductor products.
Summary
TCL Technology announced a plan to acquire a 45% stake in its subsidiary Guangzhou Huaxing Semiconductor for 9.325 billion CNY (approximately $1.31 billion). The deal will allow three major Guangdong state-owned asset firms to cash out nearly 4.7 billion CNY and will consolidate TCL's control over the display panel manufacturer.
Sources
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