Philips to place its semiconductor business in a separate legal structure
December 15, 2005Royal Philips Electronics today announced it will start the process to create a separate legal structure for its Semiconductors business, giving Philips flexibility to pursue strategic options for further strengthening the longer-term performance of these activities.
In early 2005 Philips introduced a Business Renewal program to improve the Semiconductor division's competitiveness and bring profitability through the cycle to between 5 and 15%, as well as to increase market share in the Semiconductors division's four core businesses of Mobile & Personal, Home, Automotive & identification, and Multi Market Semiconductors.
"While we are pleased with the progress of the Business Renewal Program, we see opportunities to further strengthen the activities and maximize shareholder value, with the step we announced today, in an industry where scale matters," Gerard Kleisterlee, President and CEO of Royal Philips Electronics, stated.
"This move will lead to increased flexibility for our Semiconductor business to invest, grow and build scale in the competitive semiconductor market, while continuing to leverage the strengths of Philips overall. This is good news for our customers and employees, " said Frans van Houten, CEO of Philips Semiconductors.
-
Samsung Electronics buys Dutch LCD firm
Jan 20, 2011 |
not rated yet |
0
-
NXP Launches The World’s Fastest Cellular Modem
Jun 12, 2008 |
5 / 5 (2) |
0
-
Philips launches global initiative to develop solutions for ultra low-cost mobile phones
Jun 29, 2005 |
not rated yet |
0
-
Samsung selects Philips Low-Power 802.11 WLAN solution for new mobile phones
Apr 25, 2005 |
2 / 5 (1) |
0
-
Freescale and Philips collaborate to accelerate availability of compatible FlexRay products
Apr 25, 2005 |
not rated yet |
0
-
Engineers build first sub-10-nm carbon nanotube transistor
Feb 01, 2012 |
4.9 / 5 (31) |
30
-
Something old, something new: Evolution and the structural divergence of duplicate genes
Jan 31, 2012 |
4.6 / 5 (7) |
1
-
The hidden nanoworld of ice crystals: Revealing the dynamic behavior of quasi-liquid layers
Jan 30, 2012 |
5 / 5 (3) |
1
-
Stock market network reveals investor clustering
Jan 27, 2012 |
3.9 / 5 (23) |
8
-
Of microchemistry and molecules: Electronic microfluidic device synthesizes biocompatible probes
Jan 26, 2012 |
5 / 5 (1) |
0
More news stories
GPS court ruling leaves US phone tracking unclear
A US Supreme Court decision requiring a warrant to place a GPS device on the car of a criminal suspect leaves unresolved the bigger issue of police tracking using mobile phones, legal experts say.
25 minutes ago |
not rated yet |
0
Netflix settlement trims 14 pct off 4Q earnings
(AP) -- Netflix pressed the rewind button on its fourth-quarter earnings after settling allegations that the video subscription service violated a consumer-privacy law.
27 minutes ago |
not rated yet |
0
Anonymous briefly knocks CIA website offline (Update 2)
The website of the Central Intelligence Agency was briefly inaccessible on Friday after the hacker group Anonymous claimed to have knocked it offline.
17 hours ago |
4.7 / 5 (14) |
23
Google users warned of threat to smartphone wallets
Users of Google smartphone wallets were being warned on Friday that there is a way to crack pass codes intended to thwart thieves from going on illicit shopping sprees.
15 hours ago |
5 / 5 (3) |
0
Zuckerberg's focus drives Facebook's ascent
When Mark Zuckerberg showed up to rent Judy Fusco's Los Altos, Calif., house in the fall of 2004, soon after he'd arrived in Silicon Valley, the landlord was immediately struck by his confidence.
21 hours ago |
1 / 5 (2) |
2
Europe stakes billion-dollar bet on new rocket
A pencil-slim rocket is scheduled to lift into space from South America on Monday, carrying a billion-dollar bet that Europe can grab a juicy slice of the market to place satellites in low orbit.
Study finds that anti-diabetic medication can prevent the long-term effects of maternal obesity
In a study to be presented today at the Society for Maternal-Fetal Medicine's annual meeting, The Pregnancy Meeting, in Dallas, Texas, researchers will report findings that show that short therapy with the anti-diabetic medication ...
Elbow position not a predictor of injury
Elbow position alone appeared to not affect injury rates and performance in college-level, male pitchers say researchers presenting at the American Orthopaedic Society for Sports Medicine's Specialty Day in San Francisco, ...
New data provides direction for ACL injured knee treatments
Primary Anterior Cruciate Ligament (ACL) reconstruction improves quality of life and sports functionality for athletes, according to research presented today at the American Orthopaedic Society for Sports Medicine's Specialty ...
Treatment for hip conditions should not rest solely on MRI scans
When it comes to treating people with hip pain, physicians should not replace clinical observation with the use of magnetic resonance images (MRI), according to research being presented today at the American Orthopaedic Society ...
Delaying ACL reconstruction in kids may lead to higher rates of associated knee injuries
Kids treated more than 150 days after an Anterior Cruciate Ligament (ACL) injury have higher rates of other knee injuries, including medial meniscal tears, say researchers presenting at the American Orthopaedic Society for ...
