Philips, founded in 1891 in the Netherlands, mainly produces lighting, home appliances, medical systems products.
Philips has now developed into a large multinational company, in 2007 the global workforce has reached 128,100 people, production bases in 28 countries, with sales organizations in 150 countries, with 80,000 patents, the strength of the group. 2011 July 11, Philips announced the acquisition of Pentium Electrical (Shanghai) Co., Ltd. the amount of which may be about 2.5 billion yuan.2011 October 17, Philips Electronics released its third quarter financial results, third quarter net profit fell 85.9% year-on-year; announced at the same time, Philips will lay off 4,500 people worldwide. 2013 at the end of January, Philips consumer electronics business has been fully divested, and will focus on quality of life, medical and lighting equipment industry.