History of the Philips company

History of the Philips company. Philips is a global company specializing in the production of electronic devices, household appliances, medical equipment and educational technologies. Founded in 1891 in the Netherlands, Philips has become one of the largest companies in the world, with well-known products such as lamps, radios, televisions and other electronic devices.

In its history, Philips has achieved many significant achievements.

In 1930, Philips became the first company to produce a radio with a body made of plastic. In 1963, Philips developed the first videocassette recorder, leading to the creation of the VHS standard. In 1982, Philips and Sony jointly developed the compact disc format, which became a new standard in audio technology.

In the 1990s, Philips became a leading player in television technology. The company started the production of flat-screen TVs, which allowed to achieve better image quality and greater energy savings. In 2000, Philips also became a leader in the development of LED lamps, which allowed to achieve a significant reduction in electricity consumption.

In today’s world, Philips continues to play an important role in innovative technologies such as medical equipment and educational technology. The company also aims to be an example of corporate social responsibility. Focusing on the production of environmental technologies and social programs. For example, the Philips company launched a program to combat the global tuberculosis epidemic, in particular, it developed new technologies for diagnosing and treating patients.

In addition, Philips focuses on developing innovative solutions for various industries such as home automation and communication. In 2016, the company launched a series of smart LED bulbs called Hue, which can be controlled from a smartphone and set to different light settings for different situations.

The history of Philips proves that innovation and innovation can help a company stay competitive and play an important role in the development of technology.

The company continues to work on the development of new technologies and products to ensure its place in the technology market in the future.

Key dates in the history of Philips

Here are some key dates in Philips history:

1891: Foundation of Philips in Eindhoven, Netherlands. The founders are Anton and Gerard Philips.
1895: Release of the first products — incandescent lamps.
1914: Opening of the Philips Research Laboratory (NatLab).
1927: Start of production of radio receivers.
1939: Release of the first electric shaver under the Philishave brand.
1949: Expansion of the company’s activities into the electronics market.
1963: Release of the first compact cassette tape recorder.
1983: Release of the first compact disc (CD) in collaboration with Sony.
1991: Celebration of the company’s 100th anniversary.
2001: Company restructuring and creation of three main divisions: Healthcare, Consumer Lifestyle, and Lighting.
2016: Separation of the Philips Lighting division into a separate company, Signify.
2021: Sale of home appliance division to Hillhouse Capital.
These dates reflect the major milestones of Philips’ development and transformation over more than a century.