Samsung sells its LCD plant in China to TCL for $1.8 billion

Samsung Display has sold its LCD plant in Suzhou, China, insiders reveal. The main buyer is the local company CSOT which is owned by TCL, the conglomerate that also builds the alcatel smartphones. The (former) Samsung complex in Suzhou, China The total deal is worth $1.8 billion - 60% of the plant will be owned by CSOT, 10% by its parent company TCL, while the rest 30% will be handed out to the Suzhou government. The plant produced 27% of Samsung Display’s total amount of LCD panels, with most of them being for monitors and TVs. This step is a confirmation to earlier reports that...