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Philips, officially known as Koninklijke Philips N.V., is a multinational conglomerate headquartered in Amsterdam, Netherlands. Founded in 1891 by Gerard Philips and his father Frederik, the company initially focused on manufacturing light bulbs and electric lighting. Over the years, Philips expanded its business and diversified into various sectors. Philips primarily operates in the following areas: 1. **Health Technology**: This is the largest segment of Philips' business.