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TPV Purchases Philips Television Brand
By Korbin Lan
Published: Oct 22,2014
TAIPEI,Taiwan - According to Taiwan media reports, TP Vision, which was founded as a joint venture between TPV Technology Limited and Philips, will be reestablished as a company whose stocks are 100%-owned by TPV. In the future it will enter the global market using the Philips brand name. Meanwhile, in November the Philips 65-inch 4K television will hit the market in Taiwan.
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TPV is the world’s largest OEM manufacturer of LCD TVs, boasting a sales volume of approximately 16 million TVs for this year, which is an improvement of 1 million units sold over last year. TVP is an OEM for numerous brands, including the Japanese brands Sony and Sharp. TVP also sells Philips and AOC brand products.
TPV stated that under its banner it acquired AOC and Envision in 2009 and Philips brand monitors in 2011; furthermore, it obtained exclusive marketing rights for Philips monitors globally and in Mainland China.
In April 2012, TPV and Philips co-founded TP Vision as a joint venture company to serve as the primary product designer and manufacturer of Philips brand televisions for the global market.
After purchasing TP Vision, TPV has acquired almost all of the business operations for Philips TVs, and in the future, TPV will be responsible for the design, manufacturing, and sales of Philips TVs.
In order to satisfy the requirements for its TV operations, TPV has established its headquarters in Zhonghe, New Taipei City, where it carries out administration, international purchasing, and research and development. TPV’s manufacturing is primarily based out of Fuqing in Mainland China.
Currently in Taiwan, TVP primarily purchases panels, digital chips, LCD TV semiconductors, and parts and components related to monitors. The main providers of panels are AU Optronics and Innolux Corporation.
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