TCL Technology (originally an abbreviation for Telephone Communication Limited) is a Chinese electronics company headquartered in Huizhou, Guangdong Province. It designs, develops, manufactures, and sells consumer products including television sets, mobile phones, air conditioners, washing machines, refrigerators, and small electrical appliances. In 2010, it was the world's 25th-largest consumer electronics producer. It became the second-largest television manufacturer by market share by 2019. On 7 February 2020, TCL Corporation changed its name to TCL Technology. TCL comprises five listed companies: TCL Technology, listed on the Shenzhen Stock Exchange (), TCL Electronics Holdings, Ltd. (), TCL Communication Technology Holdings, Ltd. (former code ; delisted in 2016), China Display Optoelectronics Technology Holdings Ltd. (), and Tonly Electronics Holdings Ltd. (), listed on the Hong Kong Stock Exchange. TCL Technology's business structure is focused on three major sectors: semiconductor display, semiconductor and semiconductor photovoltaic, industrial finance and capital. History The company was founded in 1981 under the brand name TTK as an audio cassette manufacturer. It was founded as a state-owned enterprise. 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. In 1999, TCL entered the Vietnamese market. 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 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"). In November 2003, TCL and Thomson SA of France announced the creation of a joint venture to produce televisions and DVD players worldwide. 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 April 2004, TCL and Alcatel announced the creation of a mobile phone manufacturing joint venture: Alcatel Mobile Phones. TCL injected 55 million euros in the venture in return for a 55 per cent shareholding. In April 2005, TCL closed its manufacturing plant in Türkheim, Bavaria, laying off 120 former Schneider employees. In May 2005, TCL announced that its Hong