Since 1997, it has been mostly headquartered in Amsterdam, though the Benelux headquarters is still in Eindhoven. Philips was formerly one of the largest electronics companies in the world, currently focused in the area of health technology, with other divisions being divested. It was founded in 1891 by Gerard Philips and his father Frederik, with their first products being light bulbs.
They also have had a sports club since 1913 called PSV Eindhoven. ==History== The Philips Company was founded in 1891, by 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.
This first factory has since been adapted and is used as a museum. In 1895, after a difficult first few years and near bankruptcy, the Philipses brought in Anton, Gerard's younger brother by sixteen years.
(Philips Metal Filament Lamp Factory Ltd.) in Eindhoven in 1908, followed in 1912, by the foundation of Philips Gloeilampenfabrieken N.V.
(Philips Metal Filament Lamp Factory Ltd.) in Eindhoven in 1908, followed in 1912, by the foundation of Philips Gloeilampenfabrieken N.V.
They also have had a sports club since 1913 called PSV Eindhoven. ==History== The Philips Company was founded in 1891, by Gerard Philips and his father Frederik Philips.
As of 2012, Philips has no manufacturing plants in Greece, although previously there have been audio, lighting and telecommunications factories. ====Italy==== Philips founded its Italian headquarter in 1918, basing it in Monza (Milan) where it still operates, for commercial activities only. ====Hungary==== Philips founded PACH (Philips Assembly Centre Hungary) in 1992, producing televisions and consumer electronics in Székesfehérvár.
After Gerard and Anton Philips changed their family business by founding the Philips corporation, they laid the foundations for the later electronics multinational. In the 1920s, the company started to manufacture other products, such as vacuum tubes.
The company employs over 3600 people nationwide. Philips Lighting has manufacturing facilities in Chalon-sur-Saône (fluorescent lamps), Chartres (automotive lighting), Lamotte-Beuvron (architectural lighting by LEDs and professional indoor lighting), Longvic (lamps), Miribel (outdoor lighting), Nevers (professional indoor lighting). ====Germany==== Philips Germany was founded in 1926 in Berlin.
The "Chapel" is a radio with built-in loudspeaker, which was designed during the early 1930s. ===Philips Radio=== On 11 March 1927, Philips went on the air with shortwave radio station PCJJ (later PCJ) which was joined in 1929 by sister station (Philips Omroep Holland-Indië, later PHI).
The factory was renamed to Signify in 2017, still producing Philips lighting products. ====Poland==== Philips' operations in Poland include: a European financial and accounting centre in Łódź; Philips Lighting facilities in Bielsko-Biała, Piła, and Kętrzyn; and a Philips Domestic Appliances facility in Białystok. ====Portugal==== Philips started business in Portugal in 1927, as "Philips Portuguesa S.A.R.L.".
The lawmakers investigation found "evidence of fraud, waste and abuse."—the deal negotiated by Navarro had resulted in an over-payment to Philips by the US government of "hundreds of millions." ===Oceania=== ====Australia and New Zealand==== Philips Australia was founded in 1927 and is headquartered in North Ryde, New South Wales and also manages the New Zealand operation from there.
PHOHI broadcast in Dutch to the Dutch East Indies (now Indonesia), and later PHI broadcast in English and other languages to the Eastern hemisphere, while PCJJ broadcast in English, Spanish and German to the rest of the world. The international programme Sundays commenced in 1928, with host Eddie Startz hosting the Happy Station show, which became the world's longest-running shortwave programme.
The "Chapel" is a radio with built-in loudspeaker, which was designed during the early 1930s. ===Philips Radio=== On 11 March 1927, Philips went on the air with shortwave radio station PCJJ (later PCJ) which was joined in 1929 by sister station (Philips Omroep Holland-Indië, later PHI).
In 1929, Philips started to sell radio receivers.
The "Chapel" is a radio with built-in loudspeaker, which was designed during the early 1930s. ===Philips Radio=== On 11 March 1927, Philips went on the air with shortwave radio station PCJJ (later PCJ) which was joined in 1929 by sister station (Philips Omroep Holland-Indië, later PHI).
Some PCJ programmes, such as Happy Station, continued on the new station. ===Stirling engine=== Philips was instrumental in the revival of the Stirling engine when, in the early 1930s, the management decided that offering a low-power portable generator would assist in expanding sales of its radios into parts of the world where mains electricity was unavailable and the supply of batteries uncertain.
However, they filed a large number of patents and amassed a wealth of information, which they later licensed to other companies. ===Shavers=== The first Philips shaver was introduced in the 1930s, and was simply called Philishave.
In early 2008, Philips Lighting, a division of Royal Philips Electronics, opened a small engineering center in Shanghai to adapt the company's products to vehicles in Asia. ====India==== Philips began operations in India in 1930, with the establishment of Philips Electrical Co.
In the 1930s, Philips was making its light bulbs and radio receivers in Brazil.
In 1938, Philips established its first Indian lamp-manufacturing factory in Kolkata.
The company started making electric shavers in 1939 under the Philishave brand, and post-war they developed the Compact Cassette format and co-developed the Compact Disc format with Sony, as well as numerous other technologies.
In 1939, they introduced their electric razor, the Philishave (marketed in the US using the Norelco brand name).
From 1939 to 1945, World War II forced Brazilian branch of Philips to sell bicycles, refrigerators and insecticides.
Broadcasts from the Netherlands were interrupted by the German invasion in May 1940.
By the late 1940s, the 'Type 10' was ready to be handed over to Philips's subsidiary Johan de Witt in Dordrecht to be produced and incorporated into a generator set as originally planned.
The Philishave has remained part of the Philips product line-up until the present. ===World War II=== On 9 May 1940, the Philips directors learned that the German invasion of the Netherlands was to take place the following day.
These became Philips Semiconductors before becoming part of NXP. London Carriers, logistics and transport division. Mullard Equipment Limited (MEL) which produced products for the military Ada (Halifax) Ltd, maker of washing machines and spin driers, refrigerators Pye TVT Ltd of Cambridge Pye Telecommunications Ltd of Cambridge TMC Limited of Malmesbury ===North America=== ====Canada==== Philips Canada was founded in 1941 when it acquired Small Electric Motors Limited.
At the same time, the company was moved (on paper) to the Netherlands Antilles to keep it out of German hands. On 6 December 1942, the British No.
The Philips works in Eindhoven was bombed again by the RAF on 30 March 1943. Frits Philips, the son of Anton, was the only Philips family member to stay in the Netherlands.
In 1943, he was held at the internment camp for political prisoners at Vught for several months because a strike at his factory reduced production.
For his actions in saving the hundreds of Jews, he was recognized by Yad Vashem in 1995 as a "Righteous Among the Nations". === 1945–1999 === After the war, the company was moved back to the Netherlands, with their headquarters in Eindhoven. In 1949, the company began selling television sets.
From 1939 to 1945, World War II forced Brazilian branch of Philips to sell bicycles, refrigerators and insecticides.
The Germans commandeered the transmitters in Huizen to use for pro-Nazi broadcasts, some originating from Germany, others concerts from Dutch broadcasters under German control. Philips Radio was absorbed shortly after liberation when its two shortwave stations were nationalised in 1947 and renamed Radio Netherlands Worldwide, the Dutch International Service.
Philips has diversified its production facilities to include a fluorescent lamp factory and a luminaries factory, serving Thai and worldwide markets. ====Hong Kong==== Philips Hong Kong began operation in 1948.
In 1948, Philips started manufacturing radios in Kolkata.
In 2020, Philips introduced mobile ICUs in order to support clinicians to meet the rising demand of ICU beds due to the COVID-19 pandemic. ====Israel==== Philips has been active in Israel since 1948 and in 1998, set up a wholly owned subsidiary, Philips Electronics (Israel) Ltd.
Philips HCIS is a provider of medical imaging systems. ====Pakistan==== Philips has been active in Pakistan since 1948 and has a wholly owned subsidiary, Philips Pakistan Limited (Formerly Philips Electrical Industries of Pakistan Limited). The head office is in Karachi with regional sales offices in Lahore and Rawalpindi. ===Europe=== ====France==== Philips France has its headquarters in Suresnes.
For his actions in saving the hundreds of Jews, he was recognized by Yad Vashem in 1995 as a "Righteous Among the Nations". === 1945–1999 === After the war, the company was moved back to the Netherlands, with their headquarters in Eindhoven. In 1949, the company began selling television sets.
In 1950, it formed Philips Records, which eventually formed part of PolyGram in 1962. Philips introduced the audio Compact Audio Cassette tape in 1963, and it was wildly successful.
Production of an initial batch of 250 began in 1951, but it became clear that they could not be made at a competitive price, besides with the advent of transistor radios with their much lower power requirements meant that the original rationale for the set was disappearing.
Philips currently holds around 54,000 patent rights, 39,000 trademarks, 70,000 design rights and 4,400 domain name registrations. ===Asia=== ====Thailand==== Philips Thailand was established in 1952.
In 1957, the company converted into a public limited company, renamed "Philips India Ltd".
In 1959, a second radio factory was established near Pune.
Philips started manufacturing in Thailand in 1960 with an incandescent lamp factory.
On 6 August 2010, NXP completed its IPO, with shares trading on NASDAQ. Ignis, of Comerio, in the province of Varese, Italy, produced washing machines, dishwashers and microwave ovens, was one of the leading companies in the domestic appliance market, holding a 38% share in 1960.
In 1950, it formed Philips Records, which eventually formed part of PolyGram in 1962. Philips introduced the audio Compact Audio Cassette tape in 1963, and it was wildly successful.
In 1950, it formed Philips Records, which eventually formed part of PolyGram in 1962. Philips introduced the audio Compact Audio Cassette tape in 1963, and it was wildly successful.
The company was founded in 1969 as Elscint by Elron Electronic Industries and was acquired by Marconi Medical Systems in 1998, which was itself acquired by Philips in 2001. Philips Semiconductors formerly had major operations in Israel; these now form part of NXP Semiconductors. On 1 August 2019, Philips acquired Carestream HCIS division from Onex Corporation.
Approximately 150 of these sets were eventually produced. In parallel with the generator set, Philips developed experimental Stirling engines for a wide variety of applications and continued to work in the field until the late 1970s, though the only commercial success was the 'reversed Stirling engine' cryocooler.
The C-cassette was used as the first mass storage device for early personal computers in the 1970s and 1980s.
In 1970, a new consumer electronics factory began operations in Pimpri near Pune.
In the 1970s, Philips Records was a major player in Brazil recording industry.
In 1970, 50% of the company's capital was taken over by Philips, which acquired full control in 1972.
The London, Ontario, plant opened in 1971.
Philips continued with computers through the early 1990s (see separate article: Philips Computers). In 1972, Philips launched the world's first home video cassette recorder, in the UK, the N1500.
In 1970, 50% of the company's capital was taken over by Philips, which acquired full control in 1972.
Ignis was in those years, after Zanussi, the second largest domestic appliance manufacturer, and in 1973 its factories numbered over 10,000 employees only in Italy.
It also house Philips' Asia Pacific regional office and headquarters for its Design Division, Domestic Appliances & Personal Care Products Division, Lighting Products Division and Medical System Products Division. In 1974, Philips opened a lamp factory in Hong Kong.
In 1977, the company unveiled a special promotional film for this system in the UK, featuring comedy writer and presenter Denis Norden.
The C-cassette was used as the first mass storage device for early personal computers in the 1970s and 1980s.
After low sales, Philips repositioned the format as a video game console, but it was soon discontinued after being heavily criticized amongst the gaming community. In the 1980s, Philips's profit margin dropped below 1 percent, and in 1990 the company lost more than US$2 billion (biggest corporate loss in Dutch history).
Philips closed this factory a few years later, in the late 1980s. ====Mexico==== Philips Mexicana SA de CV is headquartered in Mexico City.
Philips Records continues to operate as record label of UMG, its name licensed from its former parent. In 1980 Philips acquired Marantz, a company renowned for high-end audio and video products, based at Kanagawa, Japan.
The Trois-Rivières, Quebec plant was a Westinghouse facility which Philips continued to run it after buying Westinghouse's lamp division in 1983.
branding until AKG set up its North American division in San Leandro, California, in 1985.
Cambridge, Cambridge University Press, 1986.
From 1988 to 1993, Philips was the principal sponsor of the Australian rugby league team The Balmain Tigers and Indonesian football club side Persiba Balikpapan.
Cambridge, Cambridge University Press, 1988.
Philips continued with computers through the early 1990s (see separate article: Philips Computers). In 1972, Philips launched the world's first home video cassette recorder, in the UK, the N1500.
After low sales, Philips repositioned the format as a video game console, but it was soon discontinued after being heavily criticized amongst the gaming community. In the 1980s, Philips's profit margin dropped below 1 percent, and in 1990 the company lost more than US$2 billion (biggest corporate loss in Dutch history).
Troubles for the company continued into the 1990s as its status as a leading electronics company was swiftly lost. In 1991, the company's name was changed from N.V.
Its product portfolio includes prefocus, lensend and E10 miniature light bulbs. ====Mainland China==== Philips established in Zhuhai, Guangdong, in 1990.
Duphar was sold to Solvay in 1990.
The business was sold to Thomson-CSF in 1990 and is now Thales Nederland. NXP Semiconductors, formerly known as Philips Semiconductors, was sold a consortium of private equity investors in 2006.
Whirlpool bought Philips' remaining interest in Whirlpool International in 1991. Philips Cryogenics was split off in 1990 to form the Stirling Cryogenics BV, Netherlands.
Troubles for the company continued into the 1990s as its status as a leading electronics company was swiftly lost. In 1991, the company's name was changed from N.V.
Whirlpool bought Philips' remaining interest in Whirlpool International in 1991. Philips Cryogenics was split off in 1990 to form the Stirling Cryogenics BV, Netherlands.
As of 2012, Philips has no manufacturing plants in Greece, although previously there have been audio, lighting and telecommunications factories. ====Italy==== Philips founded its Italian headquarter in 1918, basing it in Monza (Milan) where it still operates, for commercial activities only. ====Hungary==== Philips founded PACH (Philips Assembly Centre Hungary) in 1992, producing televisions and consumer electronics in Székesfehérvár.
From 1988 to 1993, Philips was the principal sponsor of the Australian rugby league team The Balmain Tigers and Indonesian football club side Persiba Balikpapan.
For his actions in saving the hundreds of Jews, he was recognized by Yad Vashem in 1995 as a "Righteous Among the Nations". === 1945–1999 === After the war, the company was moved back to the Netherlands, with their headquarters in Eindhoven. In 1949, the company began selling television sets.
In 1996, the Philips Software Centre was established in Bangalore, later renamed the Philips Innovation Campus.
Since 1997, it has been mostly headquartered in Amsterdam, though the Benelux headquarters is still in Eindhoven. Philips was formerly one of the largest electronics companies in the world, currently focused in the area of health technology, with other divisions being divested. It was founded in 1891 by Gerard Philips and his father Frederik, with their first products being light bulbs.
The company gained its royal honorary title in 1998 and dropped the "Electronics" in its name in 2013, due to its refocusing from consumer electronics to healthcare technology. Philips is organized into three main divisions: Personal Health (formerly Philips Consumer Electronics and Philips Domestic Appliances and Personal Care), Connected Care, and Diagnosis & Treatment (formerly Philips Medical Systems).
In 2020, Philips introduced mobile ICUs in order to support clinicians to meet the rising demand of ICU beds due to the COVID-19 pandemic. ====Israel==== Philips has been active in Israel since 1948 and in 1998, set up a wholly owned subsidiary, Philips Electronics (Israel) Ltd.
The company was founded in 1969 as Elscint by Elron Electronic Industries and was acquired by Marconi Medical Systems in 1998, which was itself acquired by Philips in 2001. Philips Semiconductors formerly had major operations in Israel; these now form part of NXP Semiconductors. On 1 August 2019, Philips acquired Carestream HCIS division from Onex Corporation.
In subsequent years, Solvay sold off all divisions to other companies (crop protection to UniRoyal, now Chemtura, the veterinary division to Fort Dodge, a division of Wyeth, and the pharmaceutical division to Abbott Laboratories). PolyGram, Philips' music television and movies division, was sold to Seagram in 1998; merged into Universal Music Group.
From 1998 to 2000, Philips sponsored the Winston Cup No.
Formed in November 1999 as an equal joint venture between Philips and Agilent Technologies, the light-emitting diode manufacturer Lumileds became a subsidiary of Phillips Lighting in August 2005 and a fully owned subsidiary in December 2006.
Zaltbommel, European Library, 1999.
Philips made one last attempt at a new standard for video recorders with the Video 2000 system, with tapes that could be used on both sides and had 8 hours of total recording time.
The group was designed to be an incubator where promising technologies and products could be developed. === 2000s === The move of the headquarters to Amsterdam was completed in 2001.
Philips Healthcare is headquartered in both Best, Netherlands (near Eindhoven) and Andover, Massachusetts, United States (near Boston). In 2000, Philips bought Optiva Corporation, the maker of Sonicare electric toothbrushes.
From 1998 to 2000, Philips sponsored the Winston Cup No.
The group was designed to be an incubator where promising technologies and products could be developed. === 2000s === The move of the headquarters to Amsterdam was completed in 2001.
In 2001, Philips acquired Agilent Technologies' Healthcare Solutions Group (HSG) for EUR 2 billion.
Philips created a computer monitors joint venture with LG called LG.Philips Displays in 2001. In 2001, after growing the unit's Emerging Businesses group to nearly $1 billion in revenue, Scott A.
The company was founded in 1969 as Elscint by Elron Electronic Industries and was acquired by Marconi Medical Systems in 1998, which was itself acquired by Philips in 2001. Philips Semiconductors formerly had major operations in Israel; these now form part of NXP Semiconductors. On 1 August 2019, Philips acquired Carestream HCIS division from Onex Corporation.
In 2002, it moved again, this time to the Breitner Tower.
In 2002 Marantz Japan merged with Denon to form D&M Holdings and Philips sold its remaining stake in D&M Holdings in 2008. Origin, now part of Atos Origin, is a former division of Philips. ASM Lithography is a spin-off from a division of Philips. Hollandse Signaalapparaten was a manufacturer of military electronics.
Philips closed the factory in May 2003.
McGregor's appointment completed the company's shift to having dedicated CEOs for all five of the company's product divisions, which would in turn leave the Board of Management to concentrate on issues confronting the Philips Group as a whole. In 2004, Philips abandoned the slogan "Let's make things better" in favour of a new one: "Sense and Simplicity". In December 2005, Philips announced its intention to sell or demerge its semiconductor division.
Philips Domestic Appliances formerly operated a large factory in the Industrial Vallejo sector of Mexico City but this was closed in 2004. ====United States==== Philips' Electronics North American headquarters is in Andover, Massachusetts.
McGregor's appointment completed the company's shift to having dedicated CEOs for all five of the company's product divisions, which would in turn leave the Board of Management to concentrate on issues confronting the Philips Group as a whole. In 2004, Philips abandoned the slogan "Let's make things better" in favour of a new one: "Sense and Simplicity". In December 2005, Philips announced its intention to sell or demerge its semiconductor division.
Formed in November 1999 as an equal joint venture between Philips and Agilent Technologies, the light-emitting diode manufacturer Lumileds became a subsidiary of Phillips Lighting in August 2005 and a fully owned subsidiary in December 2006.
Philips Lighting, Philips Research, Philips Semiconductors (spun off as NXP in September 2006) and Philips Design, are still based in Eindhoven.
On 1 September 2006, it was announced in Berlin that the name of the new company formed by the division would be NXP Semiconductors.
On 2 August 2006, Philips completed an agreement to sell a controlling 80.1% stake in NXP Semiconductors to a consortium of private equity investors consisting of Kohlberg Kravis Roberts & Co.
On 21 August 2006, Bain Capital and Apax Partners announced that they had signed definitive commitments to join the acquiring consortium, a process which was completed on 1 October 2006. In 2006, Philips bought out the company Lifeline Systems headquartered in Framingham, Massachusetts, in a deal valued at $750 million, its biggest move yet to expand its consumer-health business (M).
Formed in November 1999 as an equal joint venture between Philips and Agilent Technologies, the light-emitting diode manufacturer Lumileds became a subsidiary of Phillips Lighting in August 2005 and a fully owned subsidiary in December 2006.
This was closed and sold around 2006.
In 2006 the business was placed into a 60/40 joint venture with NEC.
The business was sold to Thomson-CSF in 1990 and is now Thales Nederland. NXP Semiconductors, formerly known as Philips Semiconductors, was sold a consortium of private equity investors in 2006.
In August 2007, Philips acquired the company Ximis, Inc.
In October 2007, it purchased a Moore Microprocessor Patent (MPP) Portfolio license from The TPL Group. On 21 December 2007, Philips and Respironics, Inc.
The company has over 700 employees in Israel and generated sales of over $300 million in 2007. Philips Medical Systems Technologies Ltd.
Products have been transferred to Poland and China and factory was closed in 2013. By Philips acquiring PLI in 2007 another Hungarian Philips factory emerged in Tamási, producing lamps under the name of Philips IPSC Tamási, later Philips Lighting.
Philips Research North American headquarters is in Cambridge, Massachusetts. In 2007, Philips entered into a definitive merger agreement with North American luminaires company Genlyte Group Incorporated, which provides the company with a leading position in the North American luminaires (also known as "lighting fixtures"), controls and related products for a wide variety of applications, including solid state lighting.
announced a definitive agreement pursuant to which Philips acquired all of the outstanding shares of Respironics for US$66 per share, or a total purchase price of approximately €3.6 billion (US$5.1 billion) in cash. On 21 February 2008, Philips completed the acquisition of VISICU Baltimore, Maryland through the merger of its indirect wholly owned subsidiary into VISICU.
In early 2008, Philips Lighting, a division of Royal Philips Electronics, opened a small engineering center in Shanghai to adapt the company's products to vehicles in Asia. ====India==== Philips began operations in India in 1930, with the establishment of Philips Electrical Co.
In 2008, Philips India entered the water purifier market.
Sales and technical support for X-ray, ultrasound, nuclear medicine, patient monitoring, magnetic resonance, computed tomography, and resuscitation products. Philips Research Laboratories, Cambridge (Until 2008 based in Redhill, Surrey.
On 21 February 2008, Philips completed the acquisition of VISICU Baltimore, Maryland.
In 2002 Marantz Japan merged with Denon to form D&M Holdings and Philips sold its remaining stake in D&M Holdings in 2008. Origin, now part of Atos Origin, is a former division of Philips. ASM Lithography is a spin-off from a division of Philips. Hollandse Signaalapparaten was a manufacturer of military electronics.
In November 2008, Philips renewed and extended its F1 partnership with AT&T Williams.
VISICU was the creator of the eICU concept of the use of Telemedicine from a centralized facility to monitor and care for ICU patients. The Philips physics laboratory was scaled down in the early 21st century, as the company ceased trying to be innovative in consumer electronics through fundamental research. === 2010s === Philips made several acquisitions during 2011, announcing on 5 January 2011 that it had acquired Optimum Lighting, a manufacturer of LED based luminaires.
On 6 August 2010, NXP completed its IPO, with shares trading on NASDAQ. Ignis, of Comerio, in the province of Varese, Italy, produced washing machines, dishwashers and microwave ovens, was one of the leading companies in the domestic appliance market, holding a 38% share in 1960.
VISICU was the creator of the eICU concept of the use of Telemedicine from a centralized facility to monitor and care for ICU patients. The Philips physics laboratory was scaled down in the early 21st century, as the company ceased trying to be innovative in consumer electronics through fundamental research. === 2010s === Philips made several acquisitions during 2011, announcing on 5 January 2011 that it had acquired Optimum Lighting, a manufacturer of LED based luminaires.
In January 2011, Philips agreed to acquire the assets of Preethi, a leading India-based kitchen appliances company.
On 27 June 2011, Philips acquired Sectra Mamea AB, the mammography division of Sectra AB. Because net profit slumped 85 percent in Q3 2011, Philips announced a cut of 4,500 jobs to match part of an €800 million ($1.1 billion) cost-cutting scheme to boost profits and meet its financial target.
In 2011, the company posted a loss of €1.3 billion, but earned a net profit in Q1 and Q2 2012, however the management wanted €1.1 billion cost-cutting which was an increase from €800 million and may cut another 2,200 jobs until end of 2014. In March 2012, Philips announced its intention to sell, or demerge its television manufacturing operations to TPV Technology. Following two decades in decline, Philips went through major restructuring, shifting its focus from electronics to healthcare.
Particularly from 2011 when a new CEO was appointed, Frans van Houten.
Philips achieved total revenues of €22.579 billion in 2011, of which €8.852 billion were generated by Philips Healthcare, €7.638 billion by Philips Lighting, €5.823 billion by Philips Consumer Lifestyle and €266 million from group activities.
At the end of 2011, Philips had a total of 121,888 employees, of whom around 44% were employed in Philips Lighting, 31% in Philips Healthcare and 15% in Philips Consumer Lifestyle.
The lighting division was spun out as a new company called Signify, which uses the Philips brand under license. Philips invested a total of €1.61 billion in research and development in 2011, equivalent to 7.10% of sales.
After TPV entering the Philips TV business, the factory was moved under TP Vision, the new joint-venture company in 2011.
As of 2012, Philips was the largest manufacturer of lighting in the world as measured by applicable revenues. Philips has a primary listing on the Euronext Amsterdam stock exchange and is a component of the Euro Stoxx 50 stock market index.
In 2011, the company posted a loss of €1.3 billion, but earned a net profit in Q1 and Q2 2012, however the management wanted €1.1 billion cost-cutting which was an increase from €800 million and may cut another 2,200 jobs until end of 2014. In March 2012, Philips announced its intention to sell, or demerge its television manufacturing operations to TPV Technology. Following two decades in decline, Philips went through major restructuring, shifting its focus from electronics to healthcare.
Also, a manufacturing facility 'Philips Centre for Manufacturing Excellence' was set up in Chakan, Pune in 2012.
As of 2012, Philips has no manufacturing plants in Greece, although previously there have been audio, lighting and telecommunications factories. ====Italy==== Philips founded its Italian headquarter in 1918, basing it in Monza (Milan) where it still operates, for commercial activities only. ====Hungary==== Philips founded PACH (Philips Assembly Centre Hungary) in 1992, producing televisions and consumer electronics in Székesfehérvár.
The winning LED lightbulb, which was made available to consumers in April 2012, produces slightly more than 900 lumens at an input power of only 10 W. ===Greenpeace ranking=== In Greenpeace's 2012 Guide to Greener Electronics that ranks electronics manufacturers on sustainability, climate and energy and how green their products are, Philips ranks 10th place with a score of 3.8/10.
The company gained its royal honorary title in 1998 and dropped the "Electronics" in its name in 2013, due to its refocusing from consumer electronics to healthcare technology. Philips is organized into three main divisions: Personal Health (formerly Philips Consumer Electronics and Philips Domestic Appliances and Personal Care), Connected Care, and Diagnosis & Treatment (formerly Philips Medical Systems).
In April 2016, the International Court of Arbitration ruled in favour of Philips, awarding compensation of €135 million in the process. In April 2013, Philips announced a collaboration with Paradox Engineering for the realization and implementation of a "pilot project" on network-connected street-lighting management solutions.
This project was endorsed by the San Francisco Public Utilities Commission (SFPUC). In 2013, Philips removed the word "Electronics" from its name – becoming Royal Philips N.V.
On 13 November 2013, Philips unveiled its new brand line "Innovation and You" and a new design of its shield mark.
At the end of 2013, Philips had 111 manufacturing facilities, 59 R&D Facilities across 26 countries and sales and service operations in around 100 countries. Philips is organized into three main divisions: Philips Consumer Lifestyle (formerly Philips Consumer Electronics and Philips Domestic Appliances and Personal Care), Philips Healthcare (formerly Philips Medical Systems) and Philips Lighting (Former).
Products have been transferred to Poland and China and factory was closed in 2013. By Philips acquiring PLI in 2007 another Hungarian Philips factory emerged in Tamási, producing lamps under the name of Philips IPSC Tamási, later Philips Lighting.
In 2011, the company posted a loss of €1.3 billion, but earned a net profit in Q1 and Q2 2012, however the management wanted €1.1 billion cost-cutting which was an increase from €800 million and may cut another 2,200 jobs until end of 2014. In March 2012, Philips announced its intention to sell, or demerge its television manufacturing operations to TPV Technology. Following two decades in decline, Philips went through major restructuring, shifting its focus from electronics to healthcare.
The new brand positioning is cited by Philips to signify company's evolution and emphasize that innovation is only meaningful if it is based on an understanding of people's needs and desires. On 28 April 2014, Philips agreed to sell their Woox Innovations subsidiary (consumer electronics) to Gibson Brands for $US135 million.
On 23 September 2014, Philips announced a plan to split the company into two, separating the lighting business from the healthcare and consumer lifestyle divisions.
In 2014, Philips was ranked 12th among India's most trusted brands according to the Brand Trust Report, a study conducted by Trust Research Advisory. Now Philips working in India as one of the most diversified health care company & broadly focusing on Imaging, Utlrasound, MA & TC products & Sleep & respiratory care products.
It moved to complete this in March 2015 to an investment group for $3.3 billion. In February 2015, Philips acquired Volcano Corporation to strengthen its position in non-invasive surgery and imaging.
In April 2016, the International Court of Arbitration ruled in favour of Philips, awarding compensation of €135 million in the process. In April 2013, Philips announced a collaboration with Paradox Engineering for the realization and implementation of a "pilot project" on network-connected street-lighting management solutions.
In June 2016, Philips spun off its lighting division to focus on the healthcare division.
In June 2017, Philips announced it would acquire US-based Spectranetics Corp, a manufacturer of devices to treat heart disease, for €1.9 billion (£1.68 billion) expanding its current image-guided therapy business. In May 2016, Philips' lighting division Philips Lighting went through a spin-off process, and became an independent public company named Philips Lighting N.V. In 2017, Philips launched Philips Ventures, with a health technology venture fund as its main focus.
In June 2017, Philips announced it would acquire US-based Spectranetics Corp, a manufacturer of devices to treat heart disease, for €1.9 billion (£1.68 billion) expanding its current image-guided therapy business. In May 2016, Philips' lighting division Philips Lighting went through a spin-off process, and became an independent public company named Philips Lighting N.V. In 2017, Philips launched Philips Ventures, with a health technology venture fund as its main focus.
The factory was renamed to Signify in 2017, still producing Philips lighting products. ====Poland==== Philips' operations in Poland include: a European financial and accounting centre in Łódź; Philips Lighting facilities in Bielsko-Biała, Piła, and Kętrzyn; and a Philips Domestic Appliances facility in Białystok. ====Portugal==== Philips started business in Portugal in 1927, as "Philips Portuguesa S.A.R.L.".
Philips Ventures invested in companies including Mytonomy (2017) and DEARhealth (2019). In 2018, the independent Philips Lighting N.V.
In early 2018, it was announced that the US headquarters would move to Cambridge, Massachusetts by 2020.
The company was founded in 1969 as Elscint by Elron Electronic Industries and was acquired by Marconi Medical Systems in 1998, which was itself acquired by Philips in 2001. Philips Semiconductors formerly had major operations in Israel; these now form part of NXP Semiconductors. On 1 August 2019, Philips acquired Carestream HCIS division from Onex Corporation.
In 2020, Philips introduced mobile ICUs in order to support clinicians to meet the rising demand of ICU beds due to the COVID-19 pandemic. ====Israel==== Philips has been active in Israel since 1948 and in 1998, set up a wholly owned subsidiary, Philips Electronics (Israel) Ltd.
In early 2018, it was announced that the US headquarters would move to Cambridge, Massachusetts by 2020.
VISICU was the creator of the eICU concept of the use of Telemedicine from a centralized facility to monitor and care for ICU patients. In April 2020, the United States Department of Health & Human Services (HHS) entered into a contract with Philips Respironics for 43,000 bundled Trilogy Evo Universal ventilator (EV300) hospital ventilators.
This included the production and delivery of ventilators to the Strategic National Stockpile—about 156,000 by the end of August 2020 and 187,000 more by the end of 2020.
During the COVID-19 pandemic, beginning in March 2020, in response to an international demand, Philips increased production of the ventilators fourfold within five months.
Production lines were added in the United States with employees working around the clock in factories producing ventilators, in Western Pennsylvania and California, for example. In March 2020, ProPublica published a series of articles on the Philips ventilator contract as negotiated by trade adviser Peter Navarro.
The company was the top scorer in the Energy section due to its energy advocacy work calling upon the EU to adopt a 30% reduction for greenhouse gas emissions by 2020.
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