A Dutch multinational technology company known for consumer electronics, medical equipment, and lighting products.
Named after founders Gerard Philips and Frederik Philips who established the company in 1891 in Eindhoven, Netherlands. The surname derives from Greek 'Philippos' meaning 'lover of horses.'
Philips invented the compact cassette tape in 1963 and gave away the patent for free to encourage adoption, which made it a global standard. They also co-developed the CD with Sony in the 1980s.
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