China Electronics Corporation

China Electronics Corporation (CEC) is one of the largest producers of telecom equipment in China.[1] CEC has four main semiconductor divisions: computer software/hardware & system integration, telecommunication network & terminals and digital home appliances.[2]

Acquisition of Philips mobile

CEC acquired the mobile phone division from Philips in 2007.[3][4] At that moment, the Philips division had an annual revenue of 400 million euros and 240 employees.[2] CEC got the right to sell mobile phones under Philips license.[2]

Philips already moved its mobile phones production in China in 2001, when the production, research and development of mobile phones was taken by a joint-venture of Philips and China Electronics Corporation.[5]

CEC in Romania

Romania is the first country in the European Union where Philips mobile phones were sold since 2013, until then the phones were available only in the BRIC states (Brazil, Russia, India and China).[6]

References

  1. ↑ Chinezii care deţin divizia de mobile a Philips: 60% din telefoanele vândute în acest an în România vor fi smart, 12 November 2014, Ziarul financiar, retrieved at 12 November 2014
  2. 1 2 3 Smartphone-ul minune creat de chinezi, dar care poartă numele unui gigant european, 26 July 2013, Bogdan Biszok, Capital, retrieved at 12 November 2014
  3. ↑ Vânzările de telefoane mobile Philips în România: 10.000 de unități în 6 luni, 11 May 2014, Ziarul financiar, retrieved at 12 November 2014
  4. ↑ Philips se retrage din productia de telefoane mobile, 12 October 2006, Ziarul financiar, retrieved at 12 November 2014
  5. ↑ Philips cierra su fábrica de teléfonos móviles y lleva la producción a China, 27 June 2001, Inés Abril, Cincodias.com, retrieved at 12 November 2014
  6. ↑ România, prima țară din UE în care chinezii care au preluat Philips aduc telefoane mobile, 12 December 2013, Ziarul financiar, retrieved at 12 November 2014

External links

This article is issued from Wikipedia - version of the Monday, January 19, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.