Philips

Koninklijke Philips N.V. (literally Royal Philips, stylized as PHILIPS) is a Dutch multinational conglomerate corporation headquartered in Amsterdam, formerly one of the largest electronics companies in the world, currently focused in the area of health technology, with other divisions being successfully divested.

It is founded in Eindhoven in 1891 by Gerard Philips and his father Frederik, with their first products being light bulbs

It is at one time one of the largest electronic conglomerates in the world and currently employs around seventy-four thousand people across one hundred countries.

The company gains its royal honorary title in 1998 and drops the "Electronics" in its name in 2013, due to its refocusing from consumer electronics to healthcare technology.

Philips is organized into three main divisions: Philips Consumer Health, Well-being (formerly Philips Consumer Electronics and Philips Domestic Appliances and Personal Care) and Philips Professional Healthcare (formerly Philips Medical Systems).

The lighting division is spun off as a separate company, Signify N.V. (formerly Philips Lighting prior to 2018).

The company starts making electric shavers in 1939 under the Philishave brand, and post-war they develop the Compact Cassette format and co-developed the Compact Disc format with Sony, as well as numerous other technologies.

As of 2012, Philips is the largest manufacturer of lighting in the world as measured by applicable revenues.

Philips has a primary listing on the Euronext Amsterdam stock exchange and is a component of the Euro Stoxx 50 stock market index.

It has a secondary listing on the New York Stock Exchange.

Acquisitions include that of Signetics and Magnavox.

They also have had a sports club since 1913 called PSV Eindhoven.

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