104 Facts About Philips

Philips was formerly one of the largest electronics companies in the world, but is currently focused on the area of health technology, having divested its other divisions.

Philips 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 has a primary listing on the Euronext Amsterdam stock exchange and is a component of the Euro Stoxx 50 stock market index.

On 11 March 1927, Philips went on the air, inaugurating the shortwave radio station PCJJ which was joined in 1929 by a sister station (Philips Omroep Holland-Indie, later PHI).

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.

Related searches

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.

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.

On 9 May 1940, the Philips directors learned that the German invasion of the Netherlands was to take place the following day.

Philips saved the lives of 382 Jews by convincing the Nazis that they were indispensable for the production process at Philips.

Philips introduced the Compact Cassette audio tape format in 1963, and it was wildly successful.

Philips introduced the first combination portable radio and cassette recorder, which was marketed as the "radio recorder", and is better known as the boom box.

Philips reduced the cassette size for professional needs with the Mini-Cassette, although it would not be as successful as the Olympus Microcassette.

In 1972, Philips launched the world's first home video cassette recorder, in the UK, the N1500.

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.

Philips had developed a LaserDisc early on for selling movies, but delayed its commercial launch for fear of cannibalizing its video recorder sales.

Later Philips joined with MCA to launch the first commercial LaserDisc standard and players.

In 1982, Philips teamed with Sony to launch the Compact Disc; this format evolved into the CD-R, CD-RW, DVD and later Blu-ray, which Philips launched with Sony in 1997 and 2006 respectively.

In 1984, the Dutch Philips Group bought out nearly a one-third share and took over the management of the German company Grundig.

Philips partnered with Sony again later to develop a new "interactive" disc format called CD-i, described by them as a "new way of interacting with a television set".

In 1985, Philips was the largest founding investor in TSMC which was established as a joint venture between Philips, the Taiwan government and other private investors.

In 1998, looking to spur innovation, Philips created an Emerging Businesses group for its Semiconductors unit, based in Silicon Valley.

Philips Healthcare is headquartered in both Best, Netherlands and Andover, Massachusetts, United States (near Boston).

In 2000, Philips bought Optiva Corporation, the maker of Sonicare electric toothbrushes.

In 2001, Philips acquired Agilent Technologies' Healthcare Solutions Group for EUR 2 billion.

Philips created a computer monitors joint venture with LG called LG.

Related searches

In February 2001 Philips sold its remaining interest in battery manufacturing to its then partner Matsushita.

In 2004, Philips abandoned the slogan "Let's make things better" in favor of a new one: "Sense and Simplicity".

In December 2005, Philips announced its intention to sell or demerge its semiconductor division.

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.

On 21 February 2008, Philips completed the acquisition of VISICU in Baltimore, Maryland, through the merger of its indirect wholly-owned subsidiary into VISICU.

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.

In March 2012, Philips announced its intention to sell, or demerge its television manufacturing operations to TPV Technology.

On 29 January 2013, it was announced that Philips had agreed to sell its audio and video operations to the Japan-based Funai Electric for €150 million, with the audio business planned to transfer to Funai in the latter half of 2013, and the video business in 2017.

Philips said it would seek damages for breach of contract in the US$200-million sale.

On 13 November 2013, Philips unveiled its new brand line "Innovation and You" and a new design of its shield mark.

On 28 April 2014, Philips agreed to sell their Woox Innovations subsidiary 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 February 2015, Philips acquired Volcano Corporation to strengthen its position in non-invasive surgery and imaging.

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.

In 2017, Philips launched Philips Ventures, with a health technology venture fund as its main focus.

Philips Ventures invested in companies including Mytonomy and DEARhealth (2019).

However, it continues to produce and market Philips-branded products such as Philips Hue color-changing LED light bulbs.

Related searches

In 2022, Philips announced that Frans Van Houten, who had served as CEO for 12 years will be stepping down and is to be replaced by Philips's EVP and Chief Business Leader of Connected Care, Roy Jakobs, effective October 15, 2022.

Philips abandoned the Sylvania trademark which is owned by Havells Sylvania except in Australia, Canada, Mexico, New Zealand, Puerto Rico and the US where it is owned by Osram.

On 19 September 2018, Philips reported that it had acquired US-based Blue Willow Systems, a developer of a cloud-based senior living community resident safety platform.

On 7 March 2019, Philips announced that was acquiring the Healthcare Information Systems business of Carestream Health Inc, a US-based provider of medical imaging and healthcare IT solutions for hospitals, imaging centers, and specialty medical clinics.

On 18 July 2019, Philips announced that it has expanded its patient management solutions in the US with the acquisition of Boston-based start-up company Medumo.

On 27 August 2020, Philips announced the acquisition of Intact Vascular, Inc, a U S -based developer of medical devices for minimally invasive peripheral vascular procedures.

On 19 January 2021, Philips announced the acquisition of Capsule Technologies, Inc, a provider of medical device integration and data technologies for hospitals and healthcare organizations.

On 9 November 2021, Philips announced the acquisition of Cardiologs, an AI-powered cardiac diagnostic technology developer, to expand its cardiac diagnostics and monitoring portfolio.

Philips is registered in the Netherlands as a naamloze vennootschap and has its global headquarters in Amsterdam.

Philips currently holds around 54, 000 patent rights, 39, 000 trademarks, 70, 000 design rights and 4, 400 domain name registrations.

Philips started manufacturing in Thailand in 1960 with an incandescent lamp factory.

Philips has diversified its production facilities to include a fluorescent lamp factory and a luminaries factory, serving Thai and worldwide markets.

Philips established its first Chinese factory in Zhuhai, Guangdong, in 1990.

Philips began operations in India in 1930, with the establishment of Philips Electrical Co.

In 1938, Philips established its first Indian lamp manufacturing factory in Kolkata.

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.

Philips is aspiring to touch life of 40 Million patients in India by next 2 years.

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.

Philips has been active in Israel since 1948 and in 1998, set up a wholly owned subsidiary, Philips Electronics Ltd.

Philips 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.

Related searches

On 1 August 2019, Philips acquired Carestream HCIS division from Onex Corporation.

Philips has been active in Pakistan since 1948 and has a wholly owned subsidiary, Philips Pakistan Limited.

Philips began operations in Singapore in 1951, initially as a local distributor of imported Philips products.

Philips later established manufacturing sites at Boon Keng Road and Jurong Industrial Estate in 1968 and 1970 respectively.

Philips Denmark was founded in Copenhagen in 1927, and is headquartered in Frederiksberg.

Philips Lighting has manufacturing facilities in Chalon-sur-Saone, Chartres (automotive lighting), Lamotte-Beuvron (architectural lighting by LEDs and professional indoor lighting), Longvic (lamps), Miribel (outdoor lighting), Nevers (professional indoor lighting).

Philips founded its Italian headquarter in 1918, basing it in Monza where it still operates, for commercial activities only.

Philips founded PACH in 1992, producing televisions and consumer electronics in Szekesfehervar.

Philips still operates in Portugal with divisions for commercial lighting, medical systems and domestic appliances.

Philips Sweden has two main sites, Kista, Stockholm County, with regional sales, marketing and a customer support organization and Solna, Stockholm County, with the main office of the mammography division.

Philips Canada was founded in 1941 when it acquired Small Electric Motors Limited.

Several years, Philips manufactured lighting products in two Canadian factories.

The Trois-Rivieres, Quebec plant was a Westinghouse facility which Philips continued to run it after buying Westinghouse's lamp division in 1983.

Philips closed this factory a few years later, in the late 1980s.

Philips Lighting has its corporate office in Somerset, New Jersey; with manufacturing plants in Danville, Kentucky; Salina, Kansas; Dallas and Paris, Texas and distribution centers in Mountain Top, Pennsylvania; El Paso, Texas; Ontario, California; and Memphis, Tennessee.

Philips Healthcare is headquartered in Cambridge, Massachusetts, and operates a health-tech hub in Nashville, Tennessee, with over 1, 000 jobs.

Philips Lighting has a Color Kinetics office in Burlington, 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, controls and related products for a wide variety of applications, including solid state lighting.

Philips acquired Respironics, which was a significant gain for its healthcare sector.

On 21 February 2008, Philips completed the acquisition of Baltimore, Maryland-based VISICU.

Related searches

Philips Australia was founded in 1927 and is headquartered in North Ryde, New South Wales, and manages the New Zealand operation from there.

Nowadays, Philips do Brasil is one of the largest foreign-owned companies in Brazil.

Philips uses the brand Walita for domestic appliances in Brazil.

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.

NXP Semiconductors, formerly known as Philips Semiconductors, was sold a consortium of private equity investors in 2006.

Thereafter Philips used to sell major household appliances under the name Philips.

Whirlpool bought Philips' remaining interest in Whirlpool International in 1991.

Philips Cryogenics was split off in 1990 to form the Stirling Cryogenics BV, Netherlands.

Philips was acquired by Taiwanese contract electronics manufacturer Wistron in 2009 and it was shut down in 2012, after repeated failed attempts to find a potential buyer.

In January 2020 Philips announced that it is looking to sell its domestic appliances division, which includes products like coffee machines, air purifiers and airfryers.

Philips owns the naming rights to Philips Stadium in Eindhoven, which is the home ground of PSV Eindhoven.

Philips owns the naming rights to the Philips Championship, the premier basketball league in Australia, traditionally known as the National Basketball League.

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.

From 1998 to 2000, Philips sponsored the Winston Cup No 7 entry for Geoff Bodine Racing, later Ultra Motorsports, for drivers Geoff Bodine and Michael Waltrip.

From 1999 to 2018, Philips held the naming rights to Philips Arena in Atlanta, home of the Atlanta Hawks of the National Basketball Association and former home of the defunct Atlanta Thrashers of the National Hockey League.

Philips was a member of the Phoebus cartel along with Osram, Tungsram, Associated Electrical Industries, ELIN, Compagnie des Lampes, International General Electric, and the GE Overseas Group, holding shares in the Swiss corporation proportional to their lamp sales.

In 2011, Philips won a $10 million cash prize from the US Department of Energy for winning its L-Prize competition, to produce a high-efficiency, long operating life replacement for a standard 60-W incandescent lightbulb.

Philips have made some considerable progress since 2007, in particular by supporting the Individual Producer Responsibility principle, which means that the company is accepting the responsibility for the toxic impacts of its products on e-waste dumps around the world.