The intelligent technology company, TCL is celebrating its 40th anniversary. The company’s journey has been extraordinary – from a small cassette tape manufacturer into a leading global consumer electronics player. TCL has presence in over 160 countries and regions today.
TCL is hosting a wide array of events for its employees, customers, partners and communities globally to celebrate its 40th anniversary, especially in the key markets including Dubai, Los Angeles, Paris, Sao Paulo and Sydney.
Chairman and CEO of TCL Li Dongsheng remarked, “Over forty years, the three key driving forces of innovation, globalization and strategy have helped TCL to forge ahead.”
40 Years of Innovation and Globalization
TCL has shaped its core competences around a comprehensive global layout of its three main businesses: smart devices, semiconductor displays, and semiconductor photovoltaics and semiconductor materials.
Starting from the production of audiotapes, TCL has continuously improved and pushed the boundaries of possibilities for display and audio technology to provide consumers around the world with a smart and connected lifestyle fulfilled through a diversified product portfolio covering TVs, smartphones, audio and smart home products. In 2020, TCL ranked third in terms of market share by sales volume of its TVs in the global TV market and ranked second in the global LCD TV market.
TCL further expanded its business from smart devices to semiconductor areas, which strengthens its capabilities in the vertical integration of the industry chain. The establishment of TCL CSOT in 2009, now a world-leading panel supplier, and the acquisition of Zhonghuan Semiconductor in 2020 have enhanced TCL’s strategic reserves in semiconductor displays, semiconductor photovoltaics and semiconductor materials. With this strategic move, TCL has grown into a leading high-tech industrial group.
Since it was founded, TCL has always been strategically focused on global markets. The company entered Vietnam in 1999, marking the first step in its international expansion. The acquisition of Thomson TV and Alcatel’s mobile phone business in 2004 was also a significant milestone in TCL’s globalization. In the following 22 years, through continuous transformations and adaptions, TCL has established 42 research and development (R&D) centers and 28 manufacturing bases around the world and operates in over 160 countries and regions. In the first half of 2021, over 52% of TCL group’s revenue was contributed by its overseas markets. It has grown to become a leading international company with a truly global influence.
