Samsung sold an LCD plant in China for $1 billion to TCL


Samsung Display, a division of the South Korean Samsung Electronics that manufactures screens for various devices, has sold its LCD display line located in Suzhou, China to TCL Technology.

The move is in line with the company’s plan to end the production of LCD panels by the end of this year. The South Korean company is shifting its focus to next-generation LED and QD panels.

Samsung sold an LCD plant in China for $1 billion to TCL

Samsung Display announced that the company has signed an agreement to sell its entire stake in its Suzhou production line to TCL Huaxing, a subsidiary of TCL Technology, in a deal worth approximately $1.08 billion.

Following this deal, Samsung Display also acquired a 12.33% stake in TCL Huaxing for $739 million.

This plant is currently used to manufacture 32″, 55″ and 65″ TV panels.

It is worth to mention that recently, the company has revealed the Galaxy Note 20 and Galaxy Note 20 Ultra smartphones, and here is a reminder of their specifications.

Samsung Galaxy Note 20 Ultra specifications

  • 6.9-inch Quad HD+ (3088 × 1440 pixels) Dynamic AMOLED Infinity-O Display, HDR10+,496PPI, 120Hz refresh rate, up to 1500 nits brightness, Corning Gorilla Glass Victus  protection
  • Octa-Core Samsung Exynos 990 7nm EUV processor with ARM Mali-G77MP11 GPU
  • 12GB LPDDR5 RAM, 256GB, expandable memory up to 1TB with microSD
  • Android 10 with OneUI
  • Hybrid Dual SIM
  • 108MP rear camera with LED Flash, f/1.8 aperture, PDAF, OIS, Laser AF Sensor, 12MP Periscope lens with f/3.0 aperture, PDAF, OIS, 5X optical zoom, Super-Resolution Zoom up to 50X, 12MP 120° Ultra Wide sensor with f/2.2 aperture
  • 10MP front-facing camera with f/2.2 aperture
  • Water and dust resistant (IP68)
  • Stereo speakers tuned by AKG, Dolby Atmos
  • Ultrasonic fingerprint sensor
  • Dimensions: 164.8 x 77.2 x 8.1mm; Weight: 208
  • Bluetooth enabled S Pen with  Pressure levels: 4096, Pen tip diameter: 0.7 mm, IP68
  • 5G SA/NSA, Dual 4G VoLTE, Wi-Fi 802.11ax (2.4/5GHz), HE80, MIMO, 1024-QAM, Bluetooth 5, GPS with GLONASS, USB Type-C (Gen 3.2), NFC, MST
  • 4500mAh (typical) battery with 45W fast charging, wireless (WPC and PMA) charging, Wireless PowerShare
Read Also:  Galaxy A42 5G price and release date for the UK goes official!

Samsung Galaxy Note 20 specifications

  • 6.7-inch Full HD+ (2400×1080 pixels) Super AMOLED Plus Infinity-O Display, HDR10+, 393 PPI, Corning Gorilla Glass 5 protection
  • Octa-Core Qualcomm Snapdragon 865+ 7nm Mobile Platform with Adreno 650 GPU / Octa-Core Samsung Exynos 990 7nm EUV processor with ARM Mali-G77MP11 GPU
  • LTE- 8GB LPDDR5 RAM with 256GB (UFS 3.1) storage
  • 5G – 8GB LPDDR5 RAM with 128GB/256GB (UFS 3.1) storage
  • Android 10 with OneUI
  • Dual SIM (nano + nano)
  • 12MP rear camera with LED Flash, f/1.8 aperture, PDAF, OIS, 64MP Telephoto lens with f/2.0 aperture, PDAF, OIS, 3x Hybrid Optic Zoom, Super Resolution Zoom up to 30X, 12MP 120° Ultra Wide sensor with f/2.2 aperture
  • 10MP front-facing camera with f/2.2 aperture
  • Water and dust resistant (IP68)
  • Stereo speakers tuned by AKG, Dolby Atmos
  • Ultrasonic fingerprint sensor
  • Dimensions: 161.6 x 75.2 x 8.3mm; Weight: 192(LTE/Sub6), 194g (mmWave)
  • Bluetooth enabled S Pen with  Pressure levels: 4096, Pen tip diameter: 0.7 mm, IP68
  • 5G SA/NSA, Dual 4G VoLTE, Wi-Fi 802.11ax (2.4/5GHz), HE80, MIMO, 1024-QAM, Bluetooth 5, GPS with GLONASS, USB Type-C (Gen 3.2), NFC, MST
  • 4300mAh (typical) battery with 25W fast charging, wireless (WPC and PMA) charging, Wireless PowerShare
Source/VIA :
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