Philips to shut UK factory over 'geopolitical' concerns

Dutch multinational Philips announced Thursday the closure of a British factory making baby bottles, threatening 430 jobs, citing "ongoing geopolitical challenges", months after warning about the potential negative effects ...

Brazil police search Philips office in fraud probe

Police searched the offices of Philips in Brazil on Wednesday and detained two people linked to the Dutch company as part of an investigation into a scheme into fraud involving public health services, authorities said.

Philips Lighting joins Amsterdam's top-tier AEX index

Philips Lighting which split from its electronics giant parent company to list as a standalone on the Amsterdam stock exchange in 2016, announced Wednesday it was joining the market's top-tier AEX index.

Philips says profits soar 25% in 2017

Dutch electronics giant Philips on Tuesday posted soaring profits of 1.87 billion euros ($2.3 billion) in 2017, as it increasingly focuses its business on health technology.

Tracing the light inside an LED

The performance of white LEDs can be improved, based on better knowledge of the absorption and scattering of light inside the LED. A new method, developed by the University of Twente in The Netherlands and Philips Lighting, ...

Philips profits more than double in 2016 (Update)

Dutch electronics giant Philips said Tuesday its bottom-line profit more than doubled in 2016, buoyed by gains from the flotation of its lighting business and the strong performance of its health technology division.

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Philips

Koninklijke Philips Electronics N.V. (Royal Philips Electronics), more commonly known as Philips, (Euronext: PHIA, NYSE: PHG) is a multinational Dutch electronics company.

Philips is one of the largest electronics companies in the world. In 2010, its sales were €25.42 billion. The company employs 119,000 people in more than 60 countries.

Philips is organized in a number of sectors: Philips Consumer Lifestyle (formerly Philips Consumer Electronics and Philips Domestic Appliances and Personal Care), Philips Lighting and Philips Healthcare (formerly Philips Medical Systems).

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