# TCL Technology to acquire Tianjin Zhonghuan Electronics for USD 1.6 billion

TCL Technology announced on June 24, 2020 that it will invest about CNY 11 billion (USD 1.6 billion) to acquire Zhonghuan Electronics Information Group from state-owned investment companies under the Tianjin Municipal Government.

- Type: Acquisition
- Announced: 2020-06-24
- Where: Tianjin, China
- Value: $1.60B (11.0B CNY)
- Status: announced
- Products: semiconductor displays, solar monocrystalline silicon wafers, semiconductor materials, printed circuit boards
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [TCL Technology](https://endata.com/companies/15661.md) (acquirer)
- [Zhonghuan Electronics Information Group](https://endata.com/companies/48083.md) (target)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/tcl-technology-to-spend-usd16-billion-to-acquire-tianjin-zhonghuan-electronics), 2020-06-24: "TCL Technology, the Chinese manufacturer of TVs and display panels, today announced that it will invest about CNY11 billion (USD1.6 billion) to buy Zhonghuan Electronics Information Group."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.