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 around the world, with sales organizations in 150 countries, 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, third quarter net profit fell 85.9% year-on-year; at the same time, it announced that Philips will lay off 4,500 employees worldwide.
At the end of January 2013, Philips consumer electronics business has been fully divested, and will focus on quality of life, medical and lighting equipment industry.