Last year, Samsung sold its LCD production line in Suzhou to TCL Technology and the South Korean giant also acquired a stack in the Chinese company. Now, it appears that both the companies are taking their relationship to the next level.
As per the reports, TCL will now be supplying OLED panels for smartphones to Samsung Electronics. This is surprising given that Samsung has so far relied on its own subsidiary for the display panel needs.
The development was first reported by DigiTimes and was later confirmed by another report from China Securities Journal which claims that “TCL China Star will be supplying OLED panels for smartphones to Samsung Electronics.”
This isn’t the first time TCL will be a supplier for Samsung but it marks the first time TCL supplying OLED panels to Samsung for its smartphones. TCL is also providing more than 15 percent of Samsung’s LCD panel requirements for Smart TVs and the South Korean giant is its second-largest customer.
Last week, announcing its financial results for the first half of this year, TCL Technology revealed its operating income at 74.299 billion yuan, which represents an increase of 153.29 percent year-on-year. The company added that its entire OLED shipments in the first half of this year have exceeded that of the last year and its market share also increased, resulting in it taking the fourth position globally.
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