Phillips

One of the biggies in the electronics industry, Phillips is one name that a majority of consumers trust and identify with. A simple and determined approach towards manufacturing various high quality electronic and medical devices has put them in a formidable position in their industry.

Currently based in Amsterdam, it was originally formed in Eindhoven, the Netherlands by Gerard Philips in year 1891. In year 2006, the firm had sales figures of Ä26.976 billion. It operates in 60 nations, employing nearly 125,500 people. UK, US, Australia, India, Poland, and MÈxico are the major business areas of Philips.

Being a company that thrives on research, Philips is credited with various attention-grabbing innovations such as the Compact Magnetic Cassette, Philishave - a two headed rotary shaver, the Laserdisc player, the Compact Disc (in partnership with Sony), the DVD, and the Sanseo coffeemaker. Today, Phillips is a well known name in the medical systems industry as well. As for its lighting products, they have been used and admired by the world for many decades now. Philips provides many energy saving and environmentally safer lighting solutions. On the home entertainment front, Phillips DVDs, Phillips HDTVs, and Phillips LCDs happen to be much sought after products of this global electronics giant.

Philips has also acquired some significant firms, like Signetics, Magnavox, Mullard, VLSI, and ADAC Labs, that have had a substantially positive impact on its business. NXP Semiconductors is a major player in the semiconductors market owned by Philips. It even owns a Philips Records label and has sponsored festival Monsters of Rock, football club PSV, FIFA World Cup, and the National Basketball League of Australia in the past.