Philips Electronics 1891

Eindhoven, North Brabant, Netherlands

Founded 1891 by Gerard Philips in Eindhoven, producing light bulbs and electronic components; began manufacture of vacuum tubes/valves in 1920s, acquiring UK firm Mullard in 1932 and German firm Valvo in 1927; introduced Philishave electric razor in 1939; operated from US during second world war as North American Philips Company; formed Philips Records in 1950; introduced audio compact cassette in 1963; introduced world's first video cassette recorder in 1972; in 1991 the company's name was changed from N.V. Philips Gloeilampenfabrieken to Philips Electronics N.V.; in 1997 corporate name changed to Koninklijke Philips Electronics N.V..