TCL Technology gains Shenzhen Stock Exchange approval for Guangzhou Huaxing Semiconductor stake
TCL Technology announced on July 24th that its acquisition of a 45% stake in Guangzhou Huaxing Semiconductor has been approved by the Shenzhen Stock Exchange. Following this transaction, TCL Technology will hold a total of 100% of Guangzhou Huaxing Semiconductor, both directly and indirectly. Guangzhou Huaxing Semiconductor is the operational entity for TCL Huaxing's T9 production line. In the first half of 2026, Guangzhou Huaxing Semiconductor reported revenue of 7.926 billion yuan, marking a 7.40% year-on-year increase. Its net profit for the same period reached 1.154 billion yuan, an impressive surge of 203.99% compared to the previous year.
The Shenzhen Stock Exchange's approval of TCL Technology's acquisition of Guangzhou Huaxing Semiconductor signifies a consolidation of ownership within a key production line. This move centralizes control over the T9 line, potentially streamlining operations and strategic decision-making. The substantial increase in net profit reported by Guangzhou Huaxing Semiconductor, particularly in the context of TCL Technology's full ownership, suggests a focus on optimizing profitability and efficiency within this segment. As the semiconductor industry navigates global supply chain dynamics and technological advancements, such vertical integration could enhance TCL's competitive positioning and its ability to respond to market demands in the coming decade.
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