Samsung Electronics to buy Samsung Display's 10.16% stake in TCL CSOT for $1B

Samsung Electronics will acquire Samsung Display's 10.16% stake in Chinese panel maker TCL CSOT for 1.2718 trillion won (about $1 billion). The board approved the over-the-counter deal on Oct. 29. Samsung Display exits the stake to focus on OLED, while Samsung Electronics secures stable LCD supply for TVs.

• Stake is 10.16%, deal valued at 1.2718 trillion won
• Samsung Electronics board approved the deal on Oct. 29
• Samsung Display got the stake in 2021 selling its Suzhou LCD plant
• Aim is stable LCD panel supply for TV production