Philips, founded in 1891 in the Netherlands, mainly produces products in lighting, home appliances, and medical systems. Philips has now developed into a large multinational company, in 2007 the global workforce has reached 128,100 people, in 28 countries with production bases in 150 countries with sales organizations, with 80,000 patents, strength of the superb. July 11, 2011, Philips announced the acquisition of Pentium Electrical (Shanghai) Co. Ltd. the amount of money may be about 2.5 billion yuan. October 17, 2011, the Philips Electronics released its third quarter financial results, the 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 quality of life, health care and lighting equipment industry.