Samsung Display Sells Suzhou LCD Factory to Chinese Company CSOT

QD Display Business Transition Expected to Accelerate

Samsung Display Suzhou Plant

[Asia Economy Reporter Ki-min Lee] Samsung Display has sold its Suzhou liquid crystal display (LCD) production line to a Chinese display company.

According to the industry on the 30th, Samsung Display recently signed a contract to sell a 60% stake in 'Suzhou Samsung Electronics LCD Technology' and a 100% stake in 'Suzhou Samsung Display' to CSOT, a subsidiary of TCL Technology, for a total of $1.08 billion (approximately 1.3 trillion KRW).

Suzhou Samsung Electronics LCD Technology is a fab responsible for the front-end process, and Suzhou Samsung Display is a back-end module factory. Samsung Display's Suzhou fab is the only location in China with an 8.5-generation panel production line. It has the capacity to produce up to 160,000 panels per month.

CSOT, the second-largest display company in China, has secured a foothold to chase the industry leader BOE by acquiring Samsung Display's Suzhou production line.

Additionally, Samsung Display plans to strengthen its business cooperation with TCL by acquiring a 12.33% stake related to TCL for $739 million (approximately 900 billion KRW).

Meanwhile, Samsung Display is withdrawing from the LCD business by transferring employees related to the LCD production line sale. At the same time, the business transition is rapidly progressing as it accelerates the establishment of production lines, including the import of core equipment for quantum dot (QD) displays.

This content was produced with the assistance of AI translation services.