Philips Resumes PC Manufacturing
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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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The shares rebound after the company recalled a product.
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Dutch electronics giant Philips Electronics NV is on an investment binge in the Philippines with its plan to infuse an additional $330 million to expand its production activity in the country.
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The Irvine, Calif., PC maker on Thursday will revamp its E-Series line of desktop PCs for businesses with three new models, including a 6300 that sports a new motherboard design, dubbed Balanced Technology Extended (BTX), that helps machines run cooler
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Blog: The embattled PC maker makes another move into the retail channel with temporary promotional deal with European mobile phone and services retailer.
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General Motors  said on Friday it  had resumed production of its Opel Combo delivery van at the  Azambuja plant in Portugal as workers and management agreed to  resume talks on the planned closure of the plant.
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AMSTERDAM Philips Electronics, Europe&#39;s third-largest maker of semiconductors, on Friday reduced its third-quarter chip sales forecast, saying demand is waning.
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Dutch electronic's giant Philips said Monday it had raised 980 million euros (1.45 billion dollars) from the sale of 800 million shares in the world's largest chip foundry, Taiwan Semiconductor Manufacturing Company (TSMC).
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The delay is being blamed on a new Philips chip that powers the customizable keyboard.
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Signaling a possible wider slowdown in the semiconductor industry, Royal Philips Electronics on Friday became the latest company to say that its chip sales had begun to stall, at least temporarily.
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PC maker will offer 24-hour help desk services, on-site visits, and more.
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Falling cost of PC parts gives computer maker's third quarter a boost.
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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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Chrysler LLC and bankrupt supplier Plastech Engineered Products Inc have reached an interim product deal that will allow the U.S. automaker to resume production at four idled plants and avoid shutdown of all its assembly operations, an attorney for Plastech said on Tuesday.
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Dutch Philips Electronics  said on Wednesday it plans to repurchase 5 billion euros ($7.2 billion) worth of its own shares within the next two years, starting on January 2.
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AMSTERDAM Philips Electronics will stop making low-end computer monitors and flat-screen televisions for itself and other brands, the Dutch company said Thursday, turning the business over to the Hong Kong manufacturer TPV Technology.
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Philips is preparing a digital video recording system called Personal TV Channel, which could be seen as a competitor to TiVo. The cost of the service will be offset by its advertising features, which allow commercials in programs to be replaced by ones more relevant to what a consumer may be interested in.