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History

In 2011, Philips announced its intention to sell a majority stake in its HDTV business to TPV Technology.

In April 2012, all 3300 employees of Philips' TV division were transferred to TP Vision, a joint venture 70% owned by TPV Technology, headquartered in Hong Kong, China and 30% by Royal Philips Electronics. Philips also receives royalties from TP Vision.

In January 2014 Philips transferred the remaining 30% equity interest.

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