Monday, June 21, 2021

AFTER 83 YEARS, PHILIPS LEAVING TV BUSINESS

April 19, 2011 by · 2 Comments 

Amsterdam-based electronics giant Philips, which has been manufacturing TV sets longer than any other company, is spinning off its TV business into a joint venture with China’s TPV Technology. The company, which unveiled its first TV model in 1928, said that it would hold a 30 percent stake in the new company, while TPV would […]