Royal Philips Electronics of the Netherlands is one of the world's biggest electronics companies and Europe's largest, with sales of EUR 29 billion in 2003. It is tenth on Fortune's list of global top electronics corporations, employing more than 160,000 people in over 60 countries.
Philips is a global leader in colour television sets, one-chip TV products, lighting, electric shavers as well as medical diagnostic imaging and patient monitoring. They are in the forefront of digital technologies for television and displays, wireless communications, speech recognition, video compression, storage and optical products as well as the underlying semiconductor technology that makes these breakthroughs possible.