TP Vision (TP standing for TPV Philips) is a wholly owned
subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...
of
TPV Technology
TPV Technology Limited (informally TPV, ) is a Fortune China 500 multinational electronics manufacturing company headquartered in Kwun Tong, Hong Kong, and incorporated in Bermuda. It is the world’s largest manufacturer of computer monitors ...
, based in
Amsterdam
Amsterdam ( , , , lit. ''The Dam on the River Amstel'') is the Capital of the Netherlands, capital and Municipalities of the Netherlands, most populous city of the Netherlands, with The Hague being the seat of government. It has a population ...
, Netherlands. It develops, manufactures and markets Philips branded TV sets and Philips Professional Displays and LEDwalls in Europe, Russia, the Middle East, Brazil, Argentina, Uruguay, Paraguay, Mexico, Peru, Chile and selected countries in Asia-Pacific, serving both the consumer and hospitality markets.
History
In 2011,
Philips
Koninklijke Philips N.V. (), commonly shortened to Philips, is a Dutch multinational conglomerate corporation that was founded in Eindhoven in 1891. Since 1997, it has been mostly headquartered in Amsterdam, though the Benelux headquarters i ...
announced its intention to sell a majority stake in its HDTV business to TPV Technology.
In April 2012, all 3300 employees of Philips' TV division were transferred to TP Vision, a joint venture 70% owned by TPV Technology, headquartered in
Hong Kong
Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...
,
China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...
and 30% by Royal Philips Electronics. Philips also receives royalties from TP Vision.
In January 2014 Philips transferred the remaining 30% equity interest.
Privacy
Netherlands
In 2012, Philips and TP Vision made statements about their monitoring the use of Philips branded smart TVs in the Netherlands, such as "60% of our active users switch on their television more than 50 times a month".
The
Dutch Data Protection Authority (
nl) started an investigation into TP Visions collection and handling of usage data in 2012, and in 2013 reported these are not conforming to law in the Netherlands. Through the use of cookies and logfiles, TP Vision was found to be able to monitor when a Philips smart TV is switched on, which programmes are being watched, which websites are being visited and which
apps are being used, without clearly informing their customers and asking their prior permission.
In response, TP Vision stated it would change its practices to conform to the law.
Notes and references
External links
*
{{Philips
Philips