Grauman's Chinese Theatre, or TCL Chinese Theatre at Hollywood, California. In January 2013, TCL bought the naming rights for Grauman's Chinese Theatre for $5 million. and Sichuan Changhong Electric Co., with the aim of helping to establish industry standards for smart televisions. In May 2011, TCL launched the China Smart Multimedia Terminal Technology Association in partnership with Hisense Electric Co. In March 2010, TCL Multimedia raised HK$525 million through the sale of shares on the Hong Kong Stock Exchange, in order to fund the development of its LCD and LED businesses and to generate working capital. In November 2009, TCL announced that it had formed a joint-venture with the Shenzhen government to construct an 8.5-generation thin film transistor-liquid crystal display production facility in the city at a cost of $3.9 billion. In January 2009, TCL announced plans to double its LCD TV production capacity to 10 million units by the end of 2009. TCL sold a total of 4.18 million LCD TV sets in 2008, more than triple the number during 2007. In July 2008, TCL announced that it planned to raise 1.7 billion yuan ($249 million) via a share placement on the Shenzhen Stock Exchange to fund the construction of two production lines for LCD televisions one for screens of up to 42 inches, and the other for screens of up to 56 inches. In April 2008, Samsung Electronics announced that it would be outsourcing the production of some LCD TV modules to TCL. In June 2007, TCL announced that its mobile phone division planned to cease using the Alcatel brand and switch entirely to the TCL brand within five years. In May 2005, TCL announced that its Hong Kong-listed unit would acquire Alcatel's 45 per cent stake in their mobile-phone joint venture for consideration of HK$63.34 million ($8.1 million) worth of TCL Communication shares. In April 2005, TCL closed its manufacturing plant in Türkheim, Bavaria, laying off 120 former Schneider employees. TCL injected 55 million euros in the venture in return for a 55 per cent shareholding. In April 2004, TCL and Alcatel announced the creation of a mobile phone manufacturing joint venture: Alcatel Mobile Phones. TCL took a 67 percent stake in the joint venture, with Thomson SA holding the rest of the shares, and it was agreed that televisions made by TCL-Thomson would be marketed under the TCL brand in Asia and the Thomson and RCA brands in Europe and North America. In November 2003, TCL and Thomson SA of France announced the creation of a joint venture to produce televisions and DVD players worldwide. In July 2003, TCL chairman Li Dongsheng formally announced a "Dragon and Tiger Plan" to establish two competitive TCL businesses in global markets ("Dragons") and three leading businesses inside China ("Tigers"). On 19 September 2002, TCL announced the acquisition of all consumer electronics related assets of the former German company Schneider Rundfunkwerke AG, including the right to use its trademarks as Schneider, Dual, Albona, Joyce and Logix. In 1999, TCL entered the Vietnamese market. In 1985, after being sued by TDK for intellectual property violation, the company changed its brand name to TCL by taking the initials from Telephone Communication Limited. It was founded as a state-owned enterprise. The company was founded in 1981 under the brand name TTK as an audio cassette manufacturer. You can help by converting this section, if appropriate. This section is in list format but may read better as prose. TCL Technology's business structure is focused on three major sectors: semiconductor display, semiconductor and semiconductor photovoltaic, industrial finance and capital. ( SEHK: 1249), listed on the Hong Kong Stock Exchange. ( SEHK: 334), and Tonly Electronics Holdings Ltd. (former code SEHK: 2618 delisted in 2016), China Display Optoelectronics Technology Holdings Ltd. ( SEHK: 1070), TCL Communication Technology Holdings, Ltd. TCL comprises five listed companies: TCL Technology, listed on the Shenzhen Stock Exchange ( SZSE: 000100), TCL Electronics Holdings, Ltd. On 7 February 2020, TCL Corporation changed its name to TCL Technology. It became the second-largest television manufacturer by market share by 2019. In 2010, it was the world's 25th-largest consumer electronics producer. It designs, develops, manufactures, and sells consumer products including television sets, mobile phones, air conditioners, washing machines, refrigerators, and small electrical appliances. TCL Technology (originally an abbreviation for Telephone Communication Limited) is a Chinese electronics company headquartered in Huizhou, Guangdong Province.
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