News Article
Philips Electronics Is To Dissolve Its Components Division.
Philips Electronics is to dissolve its Components division. Telecom speaker
activity will be combined with Mobile Display Systems (MDS) and moved to
Philips Semiconductors, offering a single source for the telecom and PDA
markets. Digital display and wireless activities will move to Philips
Consumer Electronics.
A stand-alone business initiative group will be formed
to focus on new high-growth display opportunities, including liquid crystal
on silicon (LCoS) technology.
The company also plans to bring its Optical Storage business back to
profitability with a redesigned business model. Among its tasks is to push
the DVD+RW standard.
Philips' portfolio will focus on digital technologies and de-emphasize more
mature analogue businesses. A small number of businesses with a combined
annual turnover of approximately EUR400mn will be transferred to the
Corporate Investments group for potential sale or merger.
With these changes, a divisional structure for Components is not required,
says Philips. The organisation will be discontinued, including its
headquarters in the USA.
to focus on new high-growth display opportunities, including liquid crystal
on silicon (LCoS) technology.
The company also plans to bring its Optical Storage business back to
profitability with a redesigned business model. Among its tasks is to push
the DVD+RW standard.
Philips' portfolio will focus on digital technologies and de-emphasize more
mature analogue businesses. A small number of businesses with a combined
annual turnover of approximately EUR400mn will be transferred to the
Corporate Investments group for potential sale or merger.
With these changes, a divisional structure for Components is not required,
says Philips. The organisation will be discontinued, including its
headquarters in the USA.