The following is the content of Baidu Encyclopedia:
Philips, founded in 1891 in the Netherlands, mainly produces lighting, home appliances, medical systems products. Philips, in 2007 the global workforce has reached 128,100 people, in 28 countries around the world with production bases, in 150 countries with sales organizations, with 80,000 patents, the strength of the superb. July 11, 2011, Philips announced the acquisition of 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, the third quarter net profit fell 85.9% year-on-year; announced at the same time, Philips will lay off 4,500 people worldwide.At the end of January 2013, Philips consumer electronics business has been fully divested, will focus on quality of life, medical and lighting equipment industry.
Beijing time, December 17, 2014, Philips announced that it would acquire U.S. medical device maker Volcano Inc. for $1.2 billion.