Philips sells small chipmaking subsidiary, Telegraaf reports

Iulian Moșneagu

AMSTERDAM : Healthcare technology company Philips has sold its Xiver computer chip subsidiary, the Telegraaf newspaper reported, citing Xiver's CEO. The business was sold to a consortium headed by Orange Mills Ventures, the investment vehicle of Dutch businessman Cees Meeuwis, the newspaper said. Financial terms were not disclosed. Xiver was described as being loss-making and having 100 employees. Philips could not immediately be reached for comment. The paper described Xiver as a maker of MEMS,

Philips sells small chipmaking subsidiary, Telegraaf reports https://www.channelnewsasia.com/ - 07.01.2025 18:46
Philips sells small chipmaking subsidiary, Telegraaf reports https://www.channelnewsasia.com - 07.01.2025 16:56

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Philips sells small chipmaking subsidiary, Telegraaf reports https://www.channelnewsasia.com/ - 07.01.2025 18:46
Philips sells small chipmaking subsidiary, Telegraaf reports https://www.channelnewsasia.com - 07.01.2025 16:56