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TCL Technology

From Wikipedia, the free encyclopedia
Chinese multinational electronics company

TCL Technology Group Corp.
Headquarters in 2021
Native name
TCL科技集团股份有限公司
TCL kējì jítuán gǔfèn yǒuxiàn gōngsī
Company typePublic; partlystate-owned enterprise
SZSE:000100
CSI A100
ISINCNE000001GL8 Edit this on Wikidata
IndustryConsumer electronics
Home appliances
Finance
Founded1981; 45 years ago (1981) (as TTK)
1985; 41 years ago (1985) (as TCL Corporation)
7 February 2020; 6 years ago (2020-02-07) (as TCL Technology)
FounderLi Dongsheng (李东生) and Luca Situ (司徒立生)
Headquarters,
China
Area served
Worldwide
Key people
Li Dongsheng (CEO)
ProductsTelevision sets,mobile phones,air conditioning,washing machines,refrigerators,robot vacuum cleaners
RevenueIncreaseUS$20.895 billion(2024)[1]
Increase US$3.691 billion(2024)[1]
Increase US$0.687 billion(2024)[1]
Total assetsIncrease US$19.279 billion(2024)[1]
Total equityIncrease US$3.328 billion(2024)[1]
Number of employees
35,379(2019)
Subsidiaries
iFFALCON
Chinese name
Simplified ChineseTCL科技集团
Traditional ChineseTCL科技集團
Transcriptions
Standard Mandarin
Hanyu PinyinTCL Kējì Jítuán
Websitetcl.com

TCL Technology Group Corp. (originally an abbreviation forThe Creative Life) is a Chinese partiallystate-owned electronics company headquartered inHuizhou, Guangdong province. TCL develops, manufactures, and sells consumer electronics like television sets, mobile phones, air conditioners, washing machines, refrigerators, and small electrical appliances. In 2010, it was the world's 25th-largest consumer electronics producer.[2] On 7 February 2020, TCL Corporation changed its name to TCL Technology.[3] It was the second-largest television manufacturer by market share in 2022 and 2023.[4]

TCL comprises five listed companies: TCL Technology, listed on the Shenzhen Stock Exchange (SZSE:000100),TCL Electronics Holdings, Ltd. (SEHK1070), TCL Communication Technology Holdings, Ltd. (former codeSEHK2618; delisted in 2016), China Display Optoelectronics Technology Holdings Ltd. (SEHK334), and Tonly Electronics Holdings Ltd. (SEHK1249), listed on theHong Kong Stock Exchange.[5]

TCL Technology's business structure is focused on three major sectors: semiconductor display, semiconductor and semiconductor photovoltaic, and industrial finance and capital.[6]

History

[edit]
This sectionis inlist format but may read better asprose. You can help byconverting this section, if appropriate.Editing help is available.(March 2020)

The company was founded in 1981 by two close friends, Tomson Li Dongsheng and Luca Situ, under the brand nameTTK as an audio cassette manufacturer.[7]

In 1985, after being sued by Japanese cassette manufacturerTDK for intellectual property violation, the company changed its brand name toTCL by taking the initials fromTelecomCorporationLimited.

In 1999, TCL entered the Vietnamese market.[8]

On 19 September 2002, TCL announced the acquisition of all consumer electronics-related assets of the former German companySchneider Rundfunkwerke, including the right to use its trademarks asSchneider,Dual,Albona,Joyce andLogix.[9]

In July 2003, TCL chairman Li Dongsheng formally announced a "Dragon and Tiger Plan" to establish two competitive TCL businesses in global markets ("Dragons") and three leading businesses inside China ("Tigers").[10]

In November 2003, TCL andVantiva (then-named Thomson SA) of France announced the creation of a joint venture to produce televisions and DVD players worldwide.[11] TCL took a 67 percent stake in the joint venture, with Thomson SA holding the rest of the shares, and it was agreed that televisions made by TCL-Thomson would be marketed under the TCL brand in Asia, and the Thomson and RCA brands in Europe and North America.[11]

In April 2004, TCL andAlcatel announced the creation of a mobile phone manufacturing joint venture:Alcatel Mobile.[10] TCL injected 55 million euros in the venture in return for a 55 per cent shareholding.[10]

In April 2005, TCL closed its manufacturing plant inTürkheim,Bavaria, laying off 120 formerSchneider employees.

In May 2005, TCL announced that itsHong Kong-listed unit would acquire Alcatel's 45 per cent stake in their mobile-phone joint venture for consideration of HK$63.34 million ($8.1 million) worth of TCL Communication shares.[12]

In June 2007, TCL announced that its mobile phone division planned to cease using the Alcatel brand and switch entirely to the TCL brand within five years.[13]

In April 2008,Samsung Electronics announced that it would be outsourcing the production of some LCD TV modules to TCL.[14]

In July 2008, TCL announced that it planned to raise 1.7 billion yuan ($249 million) via a share placement on theShenzhen Stock Exchange to fund the construction of two production lines for LCD televisions; one for screens of up to 42 inches, and the other for screens of up to 56 inches.[15] TCL sold a total of 4.18 million LCD TV sets in 2008, more than triple the number during 2007.[16]

In January 2009, TCL announced plans to double its LCD TV production capacity to 10 million units by the end of 2009.[16]

In November 2009, TCL announced that it had formed a joint-venture with theShenzhen government to construct an 8.5-generation thin film transistor-liquid crystal display production facility in the city at a cost of $3.9 billion.[17]

In March 2010,TCL Electronics raised HK$525 million through the sale of shares on theHong Kong Stock Exchange, in order to fund the development of its LCD and LED businesses and to generate working capital.[18]

In May 2011, TCL launched the China Smart Multimedia Terminal Technology Association in partnership with Hisense Electric Co. and Sichuan Changhong Electric Co., with the aim of helping to establish industry standards for smart televisions.

In January 2013, TCL bought the naming rights forGrauman's Chinese Theatre for $5 million.[19]

Grauman's Chinese Theatre, or TCL Chinese Theatre, atHollywood, California

In 2014, TCL changed the meaning of its identifying initials from "Telephone Communication Limited" to a branding slogan, "The Creative Life", for commercial purposes.[20]

In February 2014, TCL spent 280 million RMB to purchase 11 percent shareholdings of Tianjin 712 Communication & Broadcasting Co., Ltd, a Chinese military-owned company which produces communication devices and navigation systems for the Chinese army.[21]

In August 2014, TCL partnered withRoku for use as TCL's primarysmart TV platform.[22] TCL Corporation and Tonly Electronics was implicated in bribing a government official in Guangdong province in exchange for government subsidies.[23]

In October 2014, TCL acquired thePalmbrand fromHP for use on smartphones.[24][25]

In 2016, TCL reached an agreement withBlackBerry Limited to produce smartphones under theBlackBerry brand,[26] underBlackBerry Mobile. This deal ceased on 31 August 2020.[27]

In 2019, due to restructuring, TCL completed the handover of major assets and was split into TCL Technology Group Corporation (TCL Technology) and TCL Industrial Holdings (TCL Industrials).[28]

In 2020, TCL Technology acquiredSamsung Display's assets in Suzhou, China, including a Gen 8.5 fab and a co-located LCD module plant.[29]

On 20 January 2026, TCL and Sony entered a joint venture agreement, according to which TCL will hold 51% and Sony 49% of its shares.[30]

Operations

[edit]
This sectionis inlist format but may read better asprose. You can help byconverting this section, if appropriate.Editing help is available.(March 2020)

TCL is organized into five business divisions:[1]

  • Multimedia: TV sets
  • Communications: cell phones andMIFI devices
  • Home Appliances: AC units and laundry machines
  • Home Electronics / Consumer Electronics: ODM products, like DVD, etc.
  • Semiconductor Display and Materials: including China Star Optoelectronics Technology (CSOT),[31][32] Guangdong Juhua Printing Display Technology Co., Ltd.[33] and Guangzhou ChinaRay Optoelectronic Materials Co., Ltd.[34]

In addition, it has four affiliated business areas covering real estate and investment, logistics services, online education services, and finance.[1]

In 2021, TCL had 28research and development (R&D) organizations, 10 joint laboratories, and 22 manufacturing bases.[35] TCL Corporation also has its own research facility called TCL Corporate Research, which is located in Shenzhen, with the objective to research cutting-edge technology innovations for other subsidiaries.

Technology

[edit]

In 2020, TCL introduced an innovative display technology known asTCL NXTPAPER, characterized by its reduction of blue light and anti-glare capabilities, aimed at enhancing visual comfort.[36]

Products

[edit]
FFalcon Smart TV (TCL) 55"

TCL's primary products are TVs, DVD players, air conditioners, mobile phones, home appliances, electric lighting, anddigital media. They also sellrobot vacuum cleaners.[37]

It primarily sells its products under the following brand names:

  • TCL for TVs and air conditioners in Africa, Asia, Australasia, Europe, North America, South America, and Russia
  • Alcatel Mobile andThomson for mobile phones (global)[38]
  • RCA-branded electrical products in the United States
  • SomeRoku models in United States
  • Beginning in 2019,JB Hi-Fi in Australia started selling a new line of budget Smart TV's under the brand nameFFalcon, which are manufactured by TCL, and contain TCL firmware, software and components.[39]

The company, as of April 2012, is in venture with Swedish furniture giantIKEA to provide the consumer electronics behind the Uppleva integrated HDTV and entertainment system product.[40][41]

Smartphones

[edit]
TheBlackBerry Key2, introduced in 2018, incorporates theQWERTY keyboard associated with the BlackBerry brand.

In 2016, it contract manufactured theBlackberry DTEK forBlackBerry Limited, under their flagshipBlackBerry brand. In December 2016, it became a licensee of the BlackBerry brand, to manufacture, distribute, and design devices for the global market. Until August 2020, it distributed BlackBerry devices under the name ofBlackBerry Mobile.

TCL is also the owner of thePalm brand. The company launched thePalm "ultra-mobile companion" smartphone in 2018.

In late 2019, TCL released their first own-branded Android phone, called the TCL Plex.[42][43][44]

TCL announced the 10 series for 2020, consisting of the TCL 10 SE, TCL 10L,TCL 10 Pro, TCL 10 Plus and TCL 10 5G.

TCL phone models and specs
ModelDisplay typeDisplay sizeResolutionRelease dateSystem on chipGPURAMUser memoryRear cameraFront cameraBattery
TCL PlexIPS LCD6.53"Full HD+ 1080×23402019.10Qualcomm Snapdragon 675Adreno 6126 GB128 GB48 MP

16 MP

2 MP

24 MP3820 mAh
TCL 10 SELCD6.52"HD+ 720×16002020.7MediaTek Helio P22PowerVR GE83204 GB48 MP

5 MP

2 MP

8 MP / 13 MP4000 mAh
TCL 10LIPS LCD6.53"Full HD+ 1080×23402020.5Qualcomm Snapdragon 665Adreno 6106 GB64 GB

128 GB

48 MP

8 MP

2x 2 MP

16 MP
TCL 10 PlusAMOLED6.47"2020.96 GB

8 GB

64 GB

128 GB

256 GB

4500 mAh
TCL 10 Pro2020.5Qualcomm Snapdragon 675Adreno 6126 GB128 GB64 MP

16 MP

5 MP

2 MP

24 MP
TCL 10 5GIPS LCD6.53"2020.7Qualcomm Snapdragon 765GAdreno 62064 MP

8 MP

5 MP

2 MP

16 MP
TCL 10 5G UW2020.1048 MP

8 MP

5 MP

TCL 20 5G6.67"Full HD+ 1080x24002020.12Qualcomm Snapdragon 690Adreno 619L128 GB

256 GB

48 MP

8 MP

2 MP

8 MP
TCL 20 Pro 5GAMOLED2021.4Qualcomm Snapdragon 750GAdreno 619256 GB48 MP

16 MP

2 MP

2 MP

32 MP
TCL 30 V 5GIPS LCD2022.1Qualcomm Snapdragon 4804 GB128 GB50 MP

5 MP

2 MP

16 MP

TCL TV Plus

[edit]
This section needs to beupdated. Please help update this article to reflect recent events or newly available information.(June 2022)

In 2015, TCL launched its ownstreaming television service:GoLive TV or simplyGoLive.[45] It was relaunched asTCL TV Plus (stylized asTCLtv+) in 2023.[46]

References

[edit]
  1. ^abcdefg"2024 Annual Report"(PDF).www.tcl.com.
  2. ^Richards, David (24 November 2019)."TCL Set To Be A Major Global CE & Smartphone Brand, Roadmap Revealed". Retrieved11 August 2024.
  3. ^"TCL集团证券简称变更为"TCL科技",000100持续升级科技战略布". Szcsot.com. 6 February 2020. Archived fromthe original on 20 June 2020. Retrieved24 May 2020.
  4. ^Pr, Ani (13 March 2024)."TCL Ranked as Global Top 2 TV Brand and No. 1 in 98 TV Category for Two Consecutive Years".ThePrint. Retrieved11 August 2024.
  5. ^"Investor Relations".TCL Official Site. Archived fromthe original on 10 June 2009.
  6. ^"百度安全验证".
  7. ^"About TCL - TCL India".www.tcl.com. Retrieved1 September 2021.
  8. ^"TCL Corp took global strategy to heart early - China - Chinadaily.com.cn".www.chinadaily.com.cn. Retrieved27 May 2021.
  9. ^"TCL International announces acquisition of assets from Schneider"(PDF).TCL Press Release. 19 September 2002.Archived(PDF) from the original on 28 May 2016. Retrieved11 January 2019.
  10. ^abcMurali, D. (16 April 2011)."A learning dragon with long strides".The Hindu. Chennai, India.Archived from the original on 19 April 2011. Retrieved17 April 2011.
  11. ^ab"China Turns Into TV Powerhouse". CBS News. 10 November 2003.Archived from the original on 3 November 2012. Retrieved17 April 2011.
  12. ^"TCL Unit to Buy 45% Stake of Mobile-Phone Venture From Alcatel". Bloomberg L.P. 16 May 2005.Archived from the original on 24 September 2015. Retrieved25 April 2011.
  13. ^"TCL to switch to own brand".China Daily. 20 June 2007.Archived from the original on 23 April 2012. Retrieved25 April 2011.
  14. ^"Samsung to outsource some work to China's TCL". Reuters. 29 April 2008. Archived fromthe original on 3 October 2012. Retrieved17 April 2011.
  15. ^"China TCL share placement to raise $249 million". Reuters. 15 July 2008. Archived fromthe original on 3 October 2012. Retrieved17 April 2011.
  16. ^ab"China's TCL to double LCD TV capacity". Reuters. 22 January 2009.Archived from the original on 18 December 2014. Retrieved17 April 2011.
  17. ^Yu, Rose (17 November 2009)."China to build $4bn advanced LCD plant".The Australian. Retrieved25 April 2011.
  18. ^"TCL Multimedia sees losses at U.S., Europe ops". Reuters. 8 October 2010.Archived from the original on 22 October 2014. Retrieved17 April 2011.
  19. ^Verrier, Richard (11 January 2013)."China firm buys naming rights to Grauman's Chinese Theatre".Los Angeles Times.Archived from the original on 12 January 2013. Retrieved18 February 2020.
  20. ^"TCL - About Us". Archived fromthe original on 30 August 2019. Retrieved18 September 2017.
  21. ^"BRIEF-TCL plans to acquire 11 pct stake in Tianjin-based communication firm".Reuters. 9 February 2015. Retrieved5 October 2020.
  22. ^Roku."Roku".Roku. Retrieved11 November 2020.
  23. ^Zhi, Hui (14 August 2014)."China's TCL Corp implicated in bribery scandal".The FCPA.Archived from the original on 19 November 2018. Retrieved19 November 2018.
  24. ^"Palm could be coming back to life — as an Android phone from Alcatel".The Verge. 31 December 2014.Archived from the original on 2 January 2015. Retrieved2 January 2015.
  25. ^"Palm makes a comeback! TCL to 're-create' the brand".CNET.Archived from the original on 8 January 2015. Retrieved8 January 2015.
  26. ^Heater, Brian (15 December 2016)."TCL signs an exclusive deal to build BlackBerry-branded phones".TechCrunch.Archived from the original on 15 December 2016. Retrieved15 December 2016.
  27. ^Kastrenakes, Jacob (3 February 2020)."BlackBerry phones could disappear as TCL partnership ends".The Verge.Archived from the original on 7 March 2020. Retrieved6 March 2020.
  28. ^"Benefited from Asset Restructuring of Parent Company, TCL".Bloomberg. 8 October 2019. Archived fromthe original on 14 April 2021.
  29. ^"China Star Acquires Samsung Suzhou".Display Supply Chain Consultants. 31 August 2020. Retrieved27 May 2021.
  30. ^"Sony to spin off TV and home audio division to TCL". Retrieved20 January 2026.
  31. ^"szcsot.com".Archived from the original on 16 March 2016. Retrieved16 March 2016.
  32. ^"Shenzhen Huaxing Photoelectric Technology Co. Ltd.: Private Company Information - Bloomberg".www.bloomberg.com. Retrieved5 June 2019.
  33. ^"CYNORA and Juhua announce cooperation on OLED TVs".www.businesswire.com. 20 September 2016. Retrieved27 May 2021.
  34. ^"TCL announced "Establishing large-area OLED panel production plant", is solution processed RGB OLED mass production accelerated?".ChinaRay OLED - Industry News.
  35. ^"TCL plans AI center in Eastern Europe".
  36. ^"TCL launches 2 new tablets, a smartwatch and the world's first 'zero eye strain' display".CNET. Retrieved24 October 2023.
  37. ^"TCL Robot Vacuum Cleaner - TCL UK".www.tcl.com. Retrieved22 July 2023.
  38. ^Company ProfileArchived 1 May 2009 at theWayback Machine TCL Official Site
  39. ^"EXCLUSIVE: JB Hi Fi Launch New FFalcon TV Brand Made By TCL (7th July, 2019)".
  40. ^Anna Ringstrom (17 April 2012)."IKEA moves into consumer electronics with China venture". Thomson Reuters.Archived from the original on 24 September 2015. Retrieved2 July 2017.
  41. ^LOUISE NORDSTROM (17 April 2012)."IKEA to sell TVs integrated in its furniture". Bloomberg L.P. The Associated Press. Archived fromthe original on 27 April 2012. Retrieved18 April 2012.
  42. ^"TCL Plex - Full phone specifications".www.gsmarena.com.Archived from the original on 29 January 2020. Retrieved29 January 2020.
  43. ^"TCL Plex smartphone review - mid-tier device that punches well above its weight". 8 November 2019.Archived from the original on 10 November 2019. Retrieved29 January 2020.
  44. ^Rowl, Chris (7 December 2019)."TCL Plex - Australian Review".Ausdroid.Archived from the original on 29 January 2020. Retrieved29 January 2020.
  45. ^ZHU, LIA (22 December 2016)."Chinese TV maker targets US audience".China Daily.San Francisco.
  46. ^Bouma, Luke (27 August 2023)."Everything We Know About TCL's New Free Streaming Service With Over 200 Live Channels TCLtv+".Cord Cutters News.Archived from the original on 27 August 2023. Retrieved2 December 2024.

External links

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