Project | Philips (Royal Philips, the Netherlands)

Philips, founded in the Netherlands in 1891, mainly produces lighting, home appliances and medical systems. Philips has 128100 employees worldwide in 2007. It has production bases in 28 countries and sales offices in 150 countries. It has 80000 patents, which is superior in strength. On July 11, 2011, Philips announced the acquisition of Pentium electric (Shanghai) Co., Ltd., with an amount of about 2.5 billion yuan.

On October 17, 2011, Philips Electronics released its third quarter results, with net profit down 85.9% year-on-year; meanwhile, it announced that Philips would cut 4500 jobs worldwide. By the end of January 2013, Philips's consumer electronics business has been completely divested, focusing on quality life, medical and lighting equipment industries. On December 17, 2014, Beijing time, Philips announced that it would purchase American medical equipment manufacturer volcano for us $1.2 billion. On July 19, 2018, Philips ranked 423 on the list of Fortune 500. [1] on December 18, 2018, Philips ranked 53rd in the "top 500 world brands 2018" compiled by the world brand laboratory.