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TCL Huaxing plans to acquire LG Display's Guangzhou plant, potentially reshaping the industry landscape.

TCL Huaxing is poised to acquire LG Display's Guangzhou plant, marking a strategic shift in the global display industry. This move could elevate TCL's status and potentially propel Chinese brands to lead in global TV sales. LG Display, meanwhile, plans to reinvest proceeds into OLED development, focusing on Apple's small to medium OLED needs.

OLED: Organic Light-Emitting Diode, a display technology known for its superior image quality and energy efficiency compared to traditional LCDs.

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