Samsung Electronics will buy a 10.16% stake in TCL China Star Optoelectronics Technology from its affiliate Samsung Display for US$960m (₩1.27tn), according to a filing published on 30 October 2026.
Why Samsung Electronics Co., Ltd. is buying 10.16% stake in TCL China Star Optoelectronics Technology Co., Ltd. (from Samsung Display)
The filing states the purpose of the acquisition as strengthening strategic cooperation. Korean media reported that the transfer lets Samsung Display concentrate on OLED while Samsung Electronics, a major buyer of LCD panels for televisions, holds the relationship with CSOT directly.
Deal terms and financing
The board approved the deal on 29 October. The US$960,372,346.7 price was converted at the Seoul Money Brokerage base rate of ₩1,324.30 per dollar on 28 October, and the won amount may change with the exchange rate on payment, which is scheduled for December 2026. No share count or per-share price was disclosed because CSOT is a Chinese limited liability company.
Regulatory approvals and timing
Payment is scheduled after domestic and overseas approvals, according to Korean press reports.
Market context
TCL CSOT, the panel arm of China's TCL group, is one of the world's largest makers of LCD panels.
