# TCL wins bid to acquire Zhonghuan Electronics for USD 1.6 billion

TCL won the bid to acquire 100% of Zhonghuan Electronics, a state-owned enterprise with subsidiaries in semiconductor and printed circuit board manufacturing, for USD 1.6 billion. The deal closed on July 16, 2020.

- Type: Acquisition
- Announced: 2020-07-16
- Where: China
- Value: $1.60B
- Status: completed
- Products: monocrystalline silicon, semiconductor displays, printed circuit boards
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [TCL](https://endata.com/companies/23350.md) (acquirer)
- [Zhonghuan Electronics](https://endata.com/companies/48597.md) (target)

## Sources

- [equalocean.com](https://equalocean.com/news/2020071614269-tcl-wins-bid-acquire-zhonghuan-electronics-chinese-soe-ownership-reform), 2020-07-16: "By acquiring Zhonghuan Electronic, TCL will be in a better position in the upper stream of the semiconductor display sector’s industry chain."

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