In 1891, Gerard Philips and his father Frederik found Philips & Co. in Eindhoven. The company becomes in a few years the first producer of bulbs in the world. It created its first research laboratory. The "NatLab" presents the group's innovations in X-ray and radio technology. In 1927, after collaborating on the invention of the TV, the brand goes into the production of radio receivers. In 1963, it introduces the audio cassette. Get Philips discount code, promo and voucher codes
In collaboration with Sony, the band released the CD in 1983 and the DVD in 1997. In 1990, it came up with the "Operation Centurion". It offered massive restructuring results in the removal of 55,000 jobs in 5 years. In 2006, the company separates from its semiconductor branch, which continues under the name NXP. In 2012, the luxury trademark sells its televisions business creating a company with the Chinese multinational TPV. The Dutch group splits into two separate entities.
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The lighting division is separate from medical devices and consumer products. After inventing modern lighting more than a century ago and becoming the world leader in this sector, the giant has announced its split into two separate entities. It now outsources its lighting business (€ 7 billion turnovers) in a separate structure. This independent entity has its own capital which enables alternative ownership structures for the outsourcing of automotive lighting activities and components for LED lamps.
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The goal is the same: to attract new investors into the capital of these independent companies. The division manufacturing medical devices for professionals merges with specialized products (household appliances, electric toothbrushes). After the removal of filament bulbs, it scheduled eco-halogen lamps marketed in 2016 under European regulations. European factories massively produce halogens and LEDs (light-emitting diodes). It is a final substitution technology likely to come to Asia. Click on avail Philips voucher code now.
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