ROYAL ?PHILIPS
Philips, founded in 1891 in the Netherlands, mainly produces lighting, home appliances, medical systems products. Philips, in 2007, the global staff has reached 128,100 people, in 28 countries around the world with production bases, sales organizations in 150 countries, with 80,000 patents, the strength of the super. 2011 July 11, Philips announced the acquisition of the Pentium Electrical Appliances (Shanghai) Company Limited, the amount of about 2.5 billion yuan.
October 17, 2011, Philips Electronics released its third quarter financial results, third quarter net profit fell 85.9% year-on-year; at the same time, announced that Philips will lay off 4,500 people worldwide.At the end of January 2013, Philips Consumer Electronics business has been fully divested, and will focus on the quality of life, medical and lighting equipment industry.
Beijing time on December 17, 2014, Philips announced that it would acquire U.S. medical device maker Volcano Inc. for $1.2 billion.On July 19, 2018, the Fortune 500 list was released, and Philips was ranked No. 423.On December 18, 2018, the 2018 World Brand 500 compiled by World Brand Labs was unveiled and Philips was ranked 53rd.
Extended Information
Philips Electronics is one of the world's largest electronics brands, topping the list in Europe. It is a world leader in color TVs, lighting, electric shavers, medical diagnostic imaging and patient monitoring instruments, and single-chip TV products. Philips employs 166,500 people and is active in more than 60 countries in the fields of lighting, consumer electronics, home appliances and medical systems.
Philips is listed on the New York Stock Exchange (PHG), London, Frankfurt, Amsterdam and other stock exchanges. 2003 sales were 29 million euros. 2004, the company was recognized by the Music Angel Organizing Committee as an advanced quality company, and the company employs more than 164,000 people in more than 60 countries.
Philips is a large, integrated group serving professional and consumer markets through three cross-cutting divisions: Healthcare, Lighting and Quality of Life.
Philips entered the Chinese market in 1920 and established its first joint venture in 1985. Philips has become one of the largest investment partners in China's electronics industry, with cumulative investments totaling more than US$3.4 billion, 35 joint ventures and wholly owned enterprises in China, more than 60 offices across the country, and more than 19,000 employees***.
In 2002, Philips was awarded the annual "Double High Enterprise Special Contribution Award" by the China Association of Enterprises with Foreign Investment (CAEFI) for being ranked first in China in terms of both turnover and export earnings, and in 2003, the company continued to grow, with a turnover of US$7.5 billion and international purchases of US$3.83 billion in China. In 2003, the company's business performance continued to grow, with turnover reaching US$7.5 billion and international purchases in China reaching US$3.83 billion.
On December 18, 2018, Philips was ranked 53rd in the "2018 Top 500 World Brands" compiled by the World Brand Lab.
In 1891, Antonio and Gerard Philips founded Philips in Eindhoven, Netherlands. At the time, the company focused on the production of carbon filament light bulbs and became one of the largest producers of carbon filament light bulbs in Europe in the late 19th and early 20th centuries. By 1910, Philips had 2,000 employees, making it the largest single employer in the Netherlands.
In the wake of Europe's industrial revolution, Philips set up its first research laboratory in 1914 and made the first innovations in X-ray and radio technology. Over the years, a series of inventions have included many technological breakthroughs that continue to fulfill a variety of needs in people's daily lives.
Philips was founded as a manufacturer of carbon filament light bulbs. The development of new lighting technologies provided the impetus for Philips' steady expansion, and in 1914, the company established a research laboratory to study physico-chemical phenomena and promote product innovation.
In 1918, Philips introduced the medical X-ray tube, marking the beginning of the diversification of Philips' products through applications
The 1940s and 1950s saw science and technology undergo a dramatic transformation. Philips invented the rotary head, which evolved into the Philishave electric shaver, and laid the foundation for subsequent breakthroughs in transistors and integrated circuits.?
Philips also made a major contribution to the development of technology for the recording, distribution and reproduction of television images. In 1963, Philips introduced the cassette recorder. In 1965, the first integrated circuit was produced.
Throughout the 1970s, exciting new products and concepts continued to emerge from Philips. Research in the field of lighting contributed significantly to the introduction of the new PL and SL energy saving lamps, while Philips Research Laboratories made breakthroughs in the processing, storage and transmission of images, sound and data, leading to the invention of the laserdisc, the laser turntable and the optical telecommunication system.
In 1972, the company created PolyGram, which had great success in music recording. In 1974 and 1975, PolyGram acquired Magnavox Corporation and Signetics Corporation, respectively, in the U.S. In 1998, Philips sold PolyGram to Seagram, which later formed the Universal Music Group.
In 1983, Philips reached a new technological milestone: the introduction of the compressed compact disc. In 1984, Philips produced its 100 millionth television set, and the acquisitions of GTE Sylvania's television business and Westinghouse's lighting business in the 1980s helped the company achieve further expansion.
The 1990s were a decade of major change for Philips. For the health of the company, Philips implemented a major restructuring program to simplify the company's structure and streamline its business areas. Some of Philips' businesses have always operated well, and by 1995, Philips had sold 300 million Philishave electric shavers.
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