TP Vision (TP standing for TPV Philips) is a wholly owned subsidiary of TPV Technology, based in Amsterdam, Netherlands. It develops, manufactures and markets Philips branded TV sets and Philips Professional Displays and LEDwalls in Europe, Russia, the Middle East, Brazil, Argentina, Uruguay, Paraguay, Mexico, Peru, Chile and selected countries in Asia-Pacific, serving both the consumer and hospitality markets.
History
In 2011, Philips announced its intention to sell a majority stake in its HDTV business to TPV Technology.[1]
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.[2][3]
In January 2014 Philips sold its remaining 30% equity interest.[4]