Printed from http://www.electronista.com

Philips sells 70 percent of TV business to China's TPV

updated 12:25 pm EDT, Mon April 2, 2012

Philips, TPV Technology create TP Vision

Philips has sold off most of its TV business to Hong Kong-based TPV Technology. It will no longer manufacture the sets, but will retain 30 percent of the business. The joint venture will be called TP Vision, but the Philips name will continue to sit on the screens.

All marketing, development, and manufacturing will be done by TP Vision. The CEO of TP Vision said Philips' high level of quality will be retained.

Philips introduced a new range of smart TVs at this year's CES show. The newly formed company will continue to develop Philips' Ambilight and 21:9 aspect ratio technologies. Philips Television staff will move over to the new company.

Not involved in the deal is the design, manufacturing, distribution, marketing, or sales of the sets in China, India, United States, Canada, Mexico, and some countries in South America. [via Pocket-Lint]

7000






By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Razer Taipan mouse

The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

Cambridge Audio DacMagic XS

Every computer with a microphone or headphone port has one -- a digital to analog converter (DAC). There are nearly as many chipsets a ...

D-Link Wi-Fi Smart Plug

Home automation fans have been getting their fair share of gadgets and accessories in the last few years. Starting with light bulbs, a ...

Sponsor

toggle

Most Commented

 
toggle

Popular News