TCL Discusses Taiwanese Acquisitions to Boost TechnologyBloomberg News
TCL Corp., China’s biggest flat-panel television maker, said it held discussions to acquire Taiwanese companies to add new technologies.
The TV-maker is interested in deals in the fields of semiconductors, chipset design and panel-related components, Chairman Li Dongsheng said in an interview yesterday at the annual International Consumer Electronics Show in Las Vegas. The Huizhou, Guangdong-based company has held talks with potential targets, he said, declining to identify them.
“We would be very interested in buying or merging companies with very good technology,” he said. “There’s a lot of talent related to our business in Taiwan.”
TCL is also setting up a research facility on the island following an increase in mainland labor costs that have dented the advantage of concentrating development there, Li said. The company is boosting ties with Taiwan after a reduction in cross-strait tensions that has allowed Chinese companies including Cosco Pacific Ltd. and China Mobile Ltd. to agree to invest in businesses on the island.
Taiwan and China have been ruled separately since a civil war more than 60 years ago. Parties on both sides claim to the rightful governors of all of China.
— With assistance by Tim Culpan, and Edmond Lococo