Electricals
Philips terminates $3.3-bn Lumileds sale to Chinese PE firm on US regulatory concern
23 Jan 2016
Despite extensive efforts by Philips the Committee on Foreign Investment in the United States (CFIUS) refused regulatory clearance on national-security grounds
UK inventor Sir James Dyson’s son develops lamps that lasts for 37 years
11 Jun 2015
Jake Dyson's CSYS lamp uses heat pipe technology to draw heat away from the LEDs, using technology typically used in satellites
Philips to sell majority stake in lighting components division for $2.8 bn
31 Mar 2015
Philips today agreed to sell a majority stake in its lighting components division to private equity investors for $2.8 billion as part of its plan to focus on the consumer health-care market
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