Reported 1 day ago
Philips has sold its Xiver computer chip subsidiary to a consortium led by Orange Mills Ventures. The deal, which involved a loss-making entity with 100 employees, was confirmed by Xiver's CEO but without financial details. Xiver specializes in MEMS technology and serves clients like ASML and Lynred. This sale continues Philips' trend of divesting semiconductor-related businesses as it focuses on healthcare equipment.
Source: YAHOO