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,
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