South Korea-based electronics conglomerate Samsung is buying 15% of China-based screen maker Shenzhen China Star Optoelectronics Technology as part of a partnership with TCL, a China-based maker of consumer electronics for own-brand sale.
In return, news provider DigiTimes said TCL would invest $100m for a 10% stake in Suzhou Samsung Electronics Liquid Crystal Display Technology, a joint venture between Samsung and Suzhou city’s government.
TCL owns 55% of China Star and Samsung will buy its 15% stake for RMB1.5bn ($230m) from Shenzhen Shenchao Technology Investment, a venture capital firm owned by the government of Shenzhen City.