TCL To Rename Itself As TCL Tech, Focus On Display Panels: Report

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  • It will become more specialised in semiconductor display panels and materials
  • This proposal is yet to be reviewed and cleared by a general meeting of shareholders

According to a report by Caixinglobal, Chinese electronics company TCL Corp. plans to rename itself as TCL Technology Group Corp. It will change its stock abbreviation to TCL TECH from TCL CORP said the report.

The report also said that the company will narrow it diversified business. It will become more specialised in semiconductor display panels and materials. According to the report, sources close to TCL founder and Chairman Li Dongcheng told Caixin that the new name will also bring the possibility of the company extending its business into more tech-related fields other than display panels.

Approved by the company’s board of directors

The proposal was approved by the company’s board of directors said the report. It is yet to be reviewed and cleared by a general meeting of shareholders.

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Recently, TCL had launched a new range of AI-powered televisions and air conditioners in India. The company has named the TV series as C8 series and has priced the 4K AI Smart TV 139.7 cm (55-inch) model at Rs 49,990 and the 165.1 cm (65-inch) model at Rs 69,990

AI-powered televisions and air conditioners in India

TCL has priced the air-conditioners of the Elite series at Turbo Air at Rs 26,990 Turbo Air with 3 Star 1T , 3 Star 1.5T for Rs 31,990 and 3 Star 2T for Rs 41,990. The air-conditioners in the Smart Air series include 3 Star 1T (priced at Rs 28,990), 3 Star 1.5T ( priced at Rs 33,990 ) and the 3 Star 2T (priced at Rs 43,990). It has priced the AI Ultra Inverter AC at Rs 40,990 and it comes with 5 Star rating.

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