Sort of.
Not succeeding with the brand in the market segment they desired, they are giving in and will license the name and let Funai have the lcd business in the US.
"Royal Philips Electronics, the Dutch consumer electronics giant, said it would no longer manufacture televisions for sale in the United States or Canada. Philips-branded TVs will still be sold, but the sets will now be made under license by Funai Electric for at least five years. While not a well-known consumer brand in the United States, Funai, based in Tokyo, already sells Emerson, Sylvania, Symphonic and other lower-priced brands in the North American market.
Full NY Times story here.
Not succeeding with the brand in the market segment they desired, they are giving in and will license the name and let Funai have the lcd business in the US.
"Royal Philips Electronics, the Dutch consumer electronics giant, said it would no longer manufacture televisions for sale in the United States or Canada. Philips-branded TVs will still be sold, but the sets will now be made under license by Funai Electric for at least five years. While not a well-known consumer brand in the United States, Funai, based in Tokyo, already sells Emerson, Sylvania, Symphonic and other lower-priced brands in the North American market.
Full NY Times story here.
















