Dutch multinational that still relies on China
Year Established: 1891
Headquarters: Amsterdam, Netherlands
Parent: Koninklijke Philips
Philips is a Dutch multinational conglomerate headquartered in Amsterdam. Formerly one of the largest electronics companies in the world, the company currently focusses on healthcare technology. Although Philips is a big name when it comes to healthcare equipment manufacturers, in India, they are known mostly for their home appliances like speakers, vacuum cleaners, food processors, facial trimmers and air purifiers.
Although Philips has manufacturing plants in India, a whopping 60% of its audio products come from China. If you already have a Philips speaker or headphone, the chances are that it was made in China. So, make sure you exercise some caution and check the country of origin when you buy a Philips product, especially audio devices.
Chinese Presence in Top Management: no
Nationality of Chairman/CEO: Dutch
Nationality of Top 3 Shareholders: American & French
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