Chinese firm helping Samsung acquire LG’s LCD factory to stop BOE

With the help of Chinese display maker CSOT, Samsung is indirectly planning to acquire LG Display’s LCD factory in Guangzhou, China. It’s worth mentioning that CSOT is an affiliated company with which Samsung Display holds a 10.38%.

According to the report, market watchers predict that Samsung will support the acquisition as CSOT is an ally. Samsung’s main TV lineup is LCD panel-based QLED TV, and experts believe that this is an effort to maintain a high-quality LCD panel supply chain.

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As the Chinese display manufacturer BOE is mentioned as a competitor for the acquisition of the Guangzhou LCD factory, it is analyzed that the South Korean tech giant is trying to keep it in check by taking over the company through a Chinese company.

The sale of the Guangzhou LCD plant between LG Display and China’s Skyworth, which was carried out until recently, was canceled. After negotiations with Skyworth broke down, Chinese display makers; CSOT and BOE are actively pursuing acquisitions as latecomers.

Given this situation, if BOE takes over LG Display’s Guangzhou LCD factory, it will inevitably be inconvenient for Samsung. Accordingly, it is believed that Samsung is trying to keep BOE in check by supporting CSOT, another acquisition candidate and affiliate.