The reason why tcl went bankrupt in Europe was that tcl was faced with a loss of more than 2 billion yuan in European business at that time and could not afford high losses. The reason why tcl went bankrupt in Europe is that in 2006, tcl's business in Europe faced a loss of more than 2 billion yuan. Unable to continue to bear high losses, tcl Group decided to close its European business and conduct bankruptcy liquidation of European business entities. In June 2006, TCL had to implement the European business restructuring plan, the core content of which was to lay off employees and terminate business. Tcl generally refers to Tcl Technology Group Co., Ltd., which was established in 1982 and headquartered in Huizhou, Guangdong Province. Its main business is semiconductors, electronic products and communication equipment, and new photoelectricity.