TCL Technology (Telephone Communication Limited) is an electronics company based in Huizhou, Guangdong Province. TCL was originally registered as TTK Home Appliances and was founded in 1981. Currently, its products include consumer products like television sets, smartphones, air conditioners, washing machines, and refrigerators amongst others.
The company’s main businesses are the semiconductor display business, new energy photovoltaic, and semi-conductor materials. The semiconductor display business TCL CSOT (TCL China Star Optoelectronics Technology Co.) is segmented into large-sized, medium-to-small-sized products and Moka Technology.
In the large-size segment, TCL CSOT sells TV panels that include 55-inch, 65-inch, and 75-inch products, 8K and 120 HZ high-end TV panels, interactive whiteboards, digital signage, and splicing screens. In FY2021, the company sold 63,324,000 units in this segment resulting in a 38% increase in sales volume compared to FY2020 YoY.
In the medium-to-small-sized segment, the company sells e-sports displays, LTPS (Low Temperature PolySilicon LCD) notebook panels, LTPS tablet PC panels, LTPS mobile phone panels, VR/AR display products, and laptop products equipped with Mini LED backlighting. During FY2021, the company sold 96,220,000 units resulting in a 3% decrease in sales volume as compared to FY2020 YoY. It is also expanding its 6th generation LTPS LCD display panel production line to meet consumer demand.
The Moka Technology unit sold 90,390,000 units in FY2021. TCL acquired a 100% stake in Moka International in April 2021. The company expects to strengthen its competitive advantage based on scale effect and supply chain synergy leading to a rapid growth rate through this acquisition.
During FY2021, the company has also introduced automation and intelligent equipment, built industrial Internet and a big data platform, accelerated industrial 4.0 upgrading, and integrated intelligent technologies such as artificial intelligence and IoT (Internet of things) into products. TCL CSOT further plans to optimize its business portfolio and upgrade to all sizes of displays from large-sized displays. It also plans to work with industrial chain partners to jointly promote the development of new display technologies such as OLED, Miniled, and Microled.
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