TCL Buys LG’s Final LCD Plant For $1.5 billion
(image credit: LG Display)
Editor’s Note: This article originally appeared on Sound & Video Contractor.
After rumors of TCL offering the highest bid for LG Display’s final LCD manufacturing plant, LG has confirmed that it will be selling the Guangzhou facility to the Chinese tech company for approximately $1.5 billion. Transfer of the plant will occur on March 31, 2025. This marks the final chapter for LG Display in the LCD business, as the company is now pivoting to exclusively focus on OLED displays.
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