TCL Huaxing's acquisition of Fujian Zhaoyuan Optoelectronics Co., Ltd. was approved

On February 26, the State Administration of Market Supervision and Administration released the "List of Cases of Unconditionally Approving the Concentration of Operators from February 2 to February 8, 2026", in which TCL Huaxing Optoelectronics acquired the equity of Fujian Zhaoyuan Optoelectronics Co., Ltd., which means that the transaction has officially passed the antitrust review.

According to previous reports, on December 26, 2025, TCL Technology announced that its subsidiary TCL Huaxing Optoelectronics had successfully bid for 80% of the equity and related debt projects of Zhaoyuan Optoelectronics, and the final transaction price was 490 million yuan. After the completion of the transaction, Zhaoyuan Optoelectronics will become a holding subsidiary of the company. At the end of the same month, TCL Huaxing and Fujian Electronic Information Group, the parent company of Zhaoyuan Optoelectronics, officially signed a signing ceremony for the introduction of strategic investors.

Fujian Electronic Information Group said that Zhaoyuan Optoelectronics, as a key led chip manufacturing enterprise in Fujian Province, has a good foundation in technology research and development, production capacity scale and market expansion. TCL Huaxing is one of the leading companies in the global semiconductor display industry, with deep technology accumulation, rich market resources and advanced operating experience. The two sides will carry out in-depth cooperation on technology iteration, capacity synergy and market expansion, and jointly help Zhaoyuan Optoelectronics enter a new stage of development.

According to the data, Zhaoyuan Optoelectronics was established in March 2011 with a registered capital of 1.437 billion yuan. It is mainly engaged in the R&D, production and sales of led epitaxial chips and led chips. It has a complete led chip production line, large-scale production capacity and business foundation. In 2024, it achieved operating income of 880 million yuan and a net loss of 389 million yuan. In January-October 2025, it achieved operating income of 710 million yuan and a net loss of 299 million yuan.

TCL Technology said that the company's participation in the bidding and delisting aims to achieve TCL Huaxing's independent mastery of the led chip design and manufacturing process, create the vertical integration of the entire industrial chain from led chips to display modules, and build an independent and controllable supply chain system.