philips is Philips.
Philips, founded in the Netherlands in 1891, mainly produces products in lighting, home appliances, and medical systems. Philips has 128,100 employees worldwide in 2007. It has production bases in 28 countries around the world, sales agencies in 150 countries, and has 80,000 patents. It has outstanding strength.
On October 17, 2011, Philips Electronics released its third quarter financial report. The third quarter net profit fell by 85.9% year-on-year; it also announced that Philips would lay off 4,500 people worldwide. At the end of January 2013, Philips' consumer electronics business has been completely divested and will focus on high-quality life, medical and lighting equipment industries.
Philips Chinese market:
Philips entered the Chinese market as early as 1920. The first joint venture was established in 1985. Philips has become one of the largest investment partners in China's electronics industry, with a total investment of more than US$3.4 billion. It has established 35 joint ventures and wholly-owned enterprises in China, has more than 60 offices across the country, and has more than 19,000 employees. staff.
In 2002, Philips won the annual "Double High Enterprise Special Contribution Award" issued by the China Association of Enterprises with Foreign Investment for ranking first among foreign-invested enterprises in China in terms of sales and export earnings in China.
In 2003, the company's operating performance continued to grow, with turnover reaching US$7.5 billion and international purchasing volume in China reaching US$3.83 billion.
In September 2007, Philips released the "Vision 2010" strategy to further build Philips into a high-growth, high-profit company. As part of "Vision 2010", starting from January 1, 2008, the company streamlined its organizational structure and established three major business divisions: healthcare, lighting and quality life.
Reference for the above content: Baidu Encyclopedia-Philips (Royal Philips of the Netherlands)