Philips

Koninklijke Philips N.V., known as Philips, is a Dutch multinational health technology company and a former major consumer electronics manufacturer. Gerard Philips and his father Frederik Philips founded it in Eindhoven in 1891 to make incandescent light bulbs; its corporate headquarters moved to Amsterdam from 1997, and the Royal designation was granted in 1916. During the twentieth century it grew into an electronics conglomerate, introducing the compact cassette tape format and later working with Sony on the compact disc standard, and it held a controlling interest in the PolyGram entertainment group until selling it in 1998. Its television business went to the TP Vision joint venture in 2012 and its lighting business became Signify, and the company now concentrates on diagnosis and treatment, connected care and personal health.