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Royal Philips Electronics Mobiles to China
 
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ruby



Joined: 19 Feb 2005
Posts: 324
PostPosted: Mon Oct 16, 2006 4:00 pm    Post subject: Royal Philips Electronics Mobiles to China Reply with quote
Royal Philips Electronics is set to transfer its remaining mobile-phone business to China Electronics by the end of 2006.

Philips said its mobile-phones unit produced around $501 million annually and employs about 240 people, mainly in Asia Pacific and Eastern Europe. CEC will receive a global license to market and sell products under the Philips brand for the next five years. The company was already Philips’ contract manufacturer, and the company is also known for pumping out chips, computers and even software.
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