Harvatek, LED packaging business from Taiwan, has announced to quit joint venture project with China-based TV brand TCL. Harvatek stated that both parties have had taken different attitudes towards some terms, and after careful consideration, Harvatek decided to transfer its 50% stake in the joint venture to TCL. Harvatek stated that it has invested around CNY15 million (US$2.44 million) in this project for two years. On June 24, 2011, Harvatek signed a joint venture agreement with TCL through its subsidiary, Honor Light Limited, to establish an LED packa...

The former CEO of CSOT Corp. He ChengMing has resigned from TCL .According to TCL’s announcement released on July 9th, the board of directors has received a written application from He ChengMing for his resignation of Senior Vice President. And the board of directors agreed to He’s application. After resign, He has no responsible for the company any longer. On June 15th, CSOT has passed a resolution to agree He’s application for his labor contract after the expiration of the two years not be renewed. He ChengMing has led the tea...

According to TCL Corporation’s company filing, the company has posted a 14.68 percent year-on-year increase in LED TV sales in January to 1.34 million units, of which sales of LED backlit TVs surged 161.88 percent to 804,700 units, or 61 percent of the total. TCL sold 197,800 Internet TVs and 102,300 3D TVs in January, up 14.99 percent and 7.76 percent year-on-year. Exports of LED TVs in January rose 96.02 percent year-on-year, or 260,300 units, to 510,300 units. The company will focus on Internet TVs, next-generation smart TVs and 3D TVs...

Recently, Taiwan based packaging company, Harvatek is about to team up with TCL to built LED packaging plant in Huizhou, China. Both of the two companies will own 50% share in the new plant individually. The new facility will go into production at the end of March, 2012 and its goal is to reach 2 billion capacity after one year. Harvatek disclosed that it expected for further vertical integration by cooperating with LED chip maker.  ...

LED TV, the latest high-end technology product in TV market, is to be available in India within the next few months, as Samsung, LG, Panasonic and TCL all targeting to release their products in this market soon.