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Briefing: TCL to build panel manufacturing facility in India
TCL印度产业园动工，华星光电首次进军海外 – Yicai
What happened: Chinese electronics giant TCL plans to build a manufacturing plant in Tirupati, India. The park will be the company’s first overseas production unit of TCL’s panel subsidiary, China Star Optoelectronics Technology (CSOT). The company plans to produce up to 40 million TV and mobile phone screens of various sizes annually. The factory is expected to begin production at the end of 2019.
Why it’s important: The panel factory in India is TCL’s largest manufacturing base outside of China. It also marks the first step in CSOT’s deployment into the overseas market as part of the company’s plan for semiconductor production. The Chinese electronics giant will leverage CSOT’s advantages in smart manufacturing and product delivery, aiming at focusing on enterprises rather than consumer products only. India is the world’s third-largest TV market and has become one of the most important strategic markets for Chinese appliance manufacturers.