At 5 percent of its workforce, that implies Philips has close to 100k employees. That's much larger than I'd expect. What things does Philips do that are unknown to me?
Philips used to make lightbulbs, radios, cassette players, MP3 players, and television sets. They make a lot of medical equipment: CPAP machines, ventilators, ultrasound machines, X-ray machines, MRI machines, those automatic defibrillators you see on the wall in public spaces.
ASML and TSMC, which make iPhone chips, were both partially owned by Philips until being sold off. Philips still has a stake in NXP, which makes chips for cars, phones, and industrial devices.
They also sell toothbrushes, electric razors, coffee machines, and breast pumps. And they still sell lightbulbs (but now with Wi-Fi).
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[ 4.8 ms ] story [ 43.1 ms ] threadASML and TSMC, which make iPhone chips, were both partially owned by Philips until being sold off. Philips still has a stake in NXP, which makes chips for cars, phones, and industrial devices.
They also sell toothbrushes, electric razors, coffee machines, and breast pumps. And they still sell lightbulbs (but now with Wi-Fi).