{"id":860352,"date":"2024-09-26T17:38:53","date_gmt":"2024-09-26T12:08:53","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=860352"},"modified":"2024-09-27T07:20:02","modified_gmt":"2024-09-27T01:50:02","slug":"lg-display-to-sell-stake-in-its-chinese-lcd-plant-to-tcl-csot-for-1-5-bln","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/09\/26\/lg-display-to-sell-stake-in-its-chinese-lcd-plant-to-tcl-csot-for-1-5-bln\/","title":{"rendered":"LG Display to sell stake in its Chinese LCD plant to TCL CSOT for $1.5 bln"},"content":{"rendered":"<p>South Korea&#8217;s LG Display said on Thursday it had agreed to sell its stake in its large liquid crystal display (LCD) plant in Guangzhou, China, to TCL&#8217;s LCD unit CSOT for 10.8 billion yuan ($1.54 billion). <\/p>\n<p>The sale includes LG Display&#8217;s 80% stake in its large LCD panel plant and 100% of its LCD module plant, and is expected to be completed in March 2025, the Apple supplier said in a statement. <\/p>\n<p>The move is meant to better focus its business on its organic light-emitting diode (OLED) operations, LG Display said, in which it is more competitive than in the saturated LCD market. <\/p>\n<p>Analysts have said a sale would help LG Display&#8217;s financial structure, after it reported several quarterly losses last year and this year on weaker demand for gadgets that use display panels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Korea&#8217;s LG Display said on Thursday it had agreed to sell its stake in its large liquid crystal display (LCD) plant in Guangzhou, China, to TCL&#8217;s LCD unit CSOT for 10.8 billion yuan ($1.54 billion). The sale includes LG Display&#8217;s 80% stake in its large LCD panel plant and 100% of its LCD module plant, and is expected to be completed in March 2025, the Apple supplier said in a statement. The move is meant to better focus its business on its organic light-emitting diode (OLED) operations, LG Display said, in which it is more competitive than in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-860352","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/860352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=860352"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/860352\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=860352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=860352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=860352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}