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Gerard Philips (1858–1942), founder. The Philips Company was founded in 1891, by Dutch entrepreneur Gerard Philips and his father Frederik Philips. Frederik, a banker based in Zaltbommel, financed the purchase and setup of an empty factory building in Eindhoven, where the company started the production of carbon-filament lamps and other electro-technical products in 1892.
NXP Semiconductors N.V. (NXP for Next eXPerience) is a Dutch semiconductor manufacturing and design company with headquarters in Eindhoven, Netherlands. [2] It is the third largest European semiconductor company by market capitalization as of 2024. [3]
Versuni (formerly Philips Consumer Lifestyle) is a privately-owned Dutch company, headquartered in Amsterdam, which produces consumer electronics and small appliances. Formerly a subsidiary of Dutch electronics conglomerate Philips , it was sold to Chinese private equity firm Hillhouse Investment in 2021. [ 1 ]
It was built in 1966 as a science museum by the electronics and electrical company Philips. It quickly became a landmark in Eindhoven, where Philips was headquartered at the time. The museum closed in 1989 and the building became a conference centre and exhibition venue in 1998. In 2022 it reopened for the general public again as the Next ...
In the early 1980s, Philips merged Sylvania, Philco and Magnavox into one division headquartered in Knoxville, Tennessee, with a manufacturing plant in Greeneville, Tennessee. The Sylvania plant in Batavia, New York, was closed and all operations moved to Greeneville. Philips also abandoned the Sylvania trademark which is owned by Osram.
Nexperia is a semiconductor manufacturer headquartered in Nijmegen, the Netherlands.It is a subsidiary of Wingtech Technology, a Shanghai-listed company partially owned by the State-owned Assets Supervision and Administration Commission of the State Council.
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On 3 May 2016, Philips announced the formation of the separated company called Philips Lighting N.V.. Philips stated that the main reason for the demerger was that the medical technology business accounted for more than 40% of sales, while its lighting arm remained a major money-spinner, selling products in 180 countries. [ 4 ]