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The company was founded in 2002 as V Inc. by entrepreneur William Wang and two founding employees. [5] [6] [7] By 2004, Wang changed the company name to Vizio.[8] [9]In 2006, the company's revenue was estimated at $700 million, and in 2007 it was estimated to have exceeded $2 billion. [10]
In 2021, TCL had 28 research and development (R&D) organizations, 10 joint laboratories, and 22 manufacturing bases. [35] TCL Corporation also has its own research facility called TCL Corporate Research, which is located in Shenzhen, with the objective to research cutting-edge technology innovations for other subsidiaries.
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