Philips sells PC monitor and flat TV manufacturing unit
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Taiwan&#39;s TPV Technology Ltd. has agreed to buy the unbranded computer monitor and entry-level flat-screen television manufacturing operations of Dutch consumer electronics giant Koninklijke Philips Electronics NV.
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In a quiet announcement yesterday, Philips Electronics, a Netherlands-based consumer electronics company, stated it has begun manufacturing PCâs once again - after an absence of nearly 10 years.
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LONDON (CBS.MW) - Philips Electronics, the largest consumer electronics maker in Europe, on Tuesday cautioned it expects flat sales in its semiconductor business in the fourth quarter and is seeing ongoing margin pressure in consumer electronics.
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Europe&#39;s top consumer electronics group Philips cut the forecast for its closely-watched semiconductor unit on Friday, saying it expects third quarter sales to be flat from the second rather than rising.
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LG Philips LCD is to invest five billion dollars in new facilities to produce next-generation flat panel displays in order to strengthen its global market leadership.
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TSMC (2330.TW), the world's largest  contract chip maker, said on Friday Philips  plans to  sell TSMC shares it owns to help it make an orderly exit from  its current $8.5 billion stake in the Taiwan company.
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Dell has won a large global contract from Dutch electronics giant Koninklijke Philips ElectronicsÂ to provide hardware and managed desktop services.
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LG.Philips LCD has reported that mass production at its sixth generation thin-film-transistor liquid crystal display (TFT-LCD) plant in Gumi, South Korea, began last month.
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(InfoWorld) - The PC is changing. Once simply a computer with spreadsheets for the family budget and games for the kids, home PCs are rapidly evolving into home entertainment systems, equipped with digital television tuners, high-definition displays, and other features drawn from consumer electronics. Globally, media PCs represent a fraction -- just 5 percent -- of desktop computer sales, said Eric Kim, senior vice president and general manager of Intel's Digital Home Group, during a speech at the Ceatec exhibition in Chiba, Japan. While media PC sales are relatively small at present, they will represent 30 percent of desktop sales by 2008, he said. While the rest of the world slowly warms to media PCs, the systems already dominate computer sales in Japan. "More than 60 percent of desktops sold in Japan today are already some kind of media PC," he said. Media PCs are big sellers in Japan because most homes here are small, putting a premium on the use of space. As a result, home PCs usually double as an entertainment system, making computers with these features popular among end users. This love affair with the media PC was readily apparent at Ceatec, where local PC makers showed off their newest products. At NEC's booth, the companyÂ showed off its Valuestar X PC, which will be available later this year for Â¥543,000 ($4,612). Based on a 3.4GHz Intel processor, the water-cooled PC offers dual 250GB hard drives, a Blu-ray disc drive, and a 20-inch widescreen LCD (liquid crystal display). At Sony's booth, the companyÂ showed several Vaio PC modelsÂ that had home-entertainment capabilities. One of them, the Vaio Type L VGC-LA915 integrates the components of a computer into the back of a 19-inch widescreen LCD (liquid crystal display) screen. The computer, which is priced at Â¥359,800 includes a Blu-ray Disc drive and remote control for watching high-definition movies. A smaller version with a 15.4-inch display, includes an attached keyboard that can be folded up against the display to save space. In addition to packing consumer-electronics features into their latest products, Japanese PC makers are also looking ahead, playing with new designs further tailored to the interests of end-users.Â One such design is Fujitsu's Turn Table PC, which adds the ability for DJs to spin and scratch using digital media files. The design, which may never enter production, calls for a 20-inch display that can be folded down to use the turn-table function. Outside of Japan, sales of media PCs will likely be driven by factors other than a desire to maximize the use of space in a home, said market analyst IDC in a recent report. Sales of media PCs will take off in the U.S. once a wider variety of content, especially video, is made available to end-users, it said. "The potential for that success is evidenced by iTunes' sale of 125,000 Disney movies in the first six days of its service offering," the report said, referring to Apple Computer's recently introduced video download service. Shipments of media PCs are expected to grow at a compound annual rate of 41 percent through 2010, when vendors will ship 27.5 million units, IDC said. This year, PC makers will ship 5.9 million media PCs, worth around $6 billion, it said.
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Philips Electronics NV is to buy U.S. medical products company Respironics Inc for 3.6 billion euros ($5.2 billion), its biggest ever acquisition, as it expands in the fast-growing healthcare sector.
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Philips Electronics (NYSE: PHG) is covering all the bases in optical storage technology with a PC drive that that reads and writes CD, DVD and next-generation Blu-ray high-definition television disks.
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(InfoWorld) - Koninklijke Philips Electronics has completed the sale of an 80.1 percent stake in its chip division to a group of private investment houses, the company said Saturday. The stake in NXP Semiconductors, theÂ new nameÂ of the chip unit,Â was sold to a groupÂ including Kohlberg Kravis Roberts & Co. (KKR), Silver Lake Partners, and AlpInvest Partners. Philips expects to take in â¬6.4 billion ($8.12 billion) in cash from the sale, after taxes. The European electronics giant will keep a 19.9 percent share of the business. Philips said the deal places the value of NXP at â¬8.3 billion. There have been a number of chip industry deals this year, including aÂ $17.6 billion offer for Freescale SemiconductorÂ last month. In July,Â Intel soldÂ its communications and application processor business to Marvell Technology Group for $600 million, while earlier this year,Â PMC-Sierra acquiredÂ the storage semiconductor business formerly owned by Agilent Technologies for $425 million.
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Philips Electronics NV is to buy U.S.  medical products company Respironics Inc for 3.6 billion euros  ($5.2 billion), its biggest ever acquisition, as it expands in  the fast-growing healthcare sector.
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Shares in LG.Philips LCD Co Ltd  (034220.KS) surged on Friday on market talk Japan's Matsushita  Electric Industrial was buying a stake in the South Korean flat  screen maker, but both firms poured cold water on the talk.
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IPTV kit too UK-based Pace Micro Technology has agreed to buy Philips' set-top box business in exchange for 70m of its shares - equivalent to 23 per cent of the business - the two consumer electronics companies said today.â¦
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Philips plans to buy U.S. home  medical equipment maker Respironics Inc for $5.1 billion, its  largest deal to date in an aggressive expansion in the  fast-growing healthcare sector.
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After an absence of a decade, Philips Electronics is making personal computers again, the company said on Thursday. The Netherlands-based electronics conglomerate, which abandoned the