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Philips is a Dutch multinational health technology company headquartered in Amsterdam. Founded in 1891 in Eindhoven by Gerard and Frederik Philips, the company began by producing carbon-filament light bulbs. Over the decades, Philips expanded into various sectors, including consumer electronics, lighting, and medical equipment. In 1998, it was granted the royal title "Koninklijke" in recognition of its contributions to industry and society.
Today, Philips focuses on improving people's health and well-being through meaningful innovation. The company aims to improve 2.5 billion lives per year by 2030, including 400 million in underserved communities. Notably, Philips has been recognized as the top health technology company in the Dow Jones Sustainability Index 2023. Additionally, the company is developing an AI-powered ultrasound solution to address healthcare shortages, with a $60 million funding boost from the Bill & Melinda Gates Foundation.