Royal Philips Takes Another Step Into L.E.D. Market
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The company continues to bet heavily on the future of the technology with a $688 million deal for Color Kinetics.
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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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The electronics maker is poised to become the leader in high-definition following the demise of HD DVD.
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Showcased at the Mobile Displays Conference this week in San Diego, LG.Philips LCD's screens for mobile devices are designed to be compact and efficient.
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AMSTERDAMâRoyal Philips Electronics NV, Europe&#39;s top consumer electronics group, cut the sales forecast for its closely watched chip unit yesterday and predicted much smaller growth for the semiconductor industry next year.
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LG.Philips LCD is planning to unveil a 52-inch multi-touch LCD (liquid crystal display) at next week&#39;s Consumer Electronics Show, it said Monday. The screen is 5-inches larger than one it&#160;recently showed in Japan&#160;and is the largest display of its type in the world, the company said.Multi-touch screens differ from conventional touchpanels because they allow input from more than one spot on the screen so, for example, an image can be manipulated from opposite corners. Probably the most famous current example of the technology is the display on Apple&#39;s hit iPhone and iPod Touch devices.With the technology helping to make the iPhone a smash hit display makers are now pursuing its inclusion in screens. The LG.Philips 52-inch screen uses an infrared image sensor to gauge input from fingers or other instruments and can recognize gestures such as the movement of fingers. It boasts full HD resolution (1,920 pixels by 1,080 pixels).Additionally, the company will be showing an 84-inch multi-touch display that is made up of four 42-inch panels joined together.LG.Philips LCD will also unveil a 47-inch &quot;triple-view&quot; screen. This has a filter over the front that sends light from pixels in one of three different directions so that three images can be displayed at once: one to viewers on the right of the screen, one to people in front of it and one to those on the left. The feature is being positioned at public display applications for use in advertising.Also at CES the company will show a 47-inch double-sided screen that is made up of a single backlight sandwiched between two LCD panels and a 42-inch transreflective panel for outdoor advertising use.International CES opens in Las Vegas on Jan. 7.&#160;
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Philips says it will unveil a 52-inch multi-touch LCD at next week's Consumer Electronics Show.
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Philips Electronics beat expectations  with strong cash flow and fourth quarter earnings in most units  and unveiled a share buyback, but warned on Thursday that the  world economy made it cautious.
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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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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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SAN JOSE, Calif. --(Business Wire)-- Nov. 2, 2004 -- Nokia, Royal Philips Electronics (NYSE:PHG)(AEX:PHI) together with Rhein-Main Verkehrsverbund (RMV), public transport authority for Frankfurt&#39;s greater
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Philips Electronics, Europe&#39;s largest maker of CD players, said Thursday that it had sold its 3 percent stake in Vivendi Universal, owner of the world&#39;s biggest music company.
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The leading electronics and entertainment retailer continues to produce strong results.
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Slow consumer buying weighed on third-quarter results of Philips Electronics, and the company says high inventories will continue to hit business in the fourth quarter.
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currently CEO of Philips&#39; consumer electronics business groups -- will succeed the unit&#39;s CEO Scott McGregor. The company is scheduled to hold a Semiconductors and Technology analysts day in Holland on Friday.
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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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Dutch electronics firm Philips has joined forces with UK electrical retailer Dixons Group to launch Philips-Freeline, a range of home entertainment personal computers in Europe.