A terminal device includes: a first middle frame; a second middle frame connected to the first middle frame, wherein the first middle frame and the second middle frame are configured to fold or unfold via a rotary shaft; a first antenna module, disposed on the first middle frame; a second antenna module, disposed on the second middle frame, wherein when the first middle frame and the second middle frame are closed, a projection of the second antenna module to the first antenna module at least partially overlaps with the first antenna module; and the first antenna module and the second antenna module are respectively connected to corresponding feed circuits.