Philips agreed in January to sell that division to Japan's Funai Electric for 150m euros.

BBC: Philips sees booming LED lighting sales

For instance, in the low-margin consumer-electronics sector, the missing include TCL of China and Funai Electric of Japan.

FORBES: Side Lines

Founder of Funai Electric, maker of DVD players, televisions, which is facing stiff competition from Chinese and other rivals.

FORBES: Magazine Article

Dutch electronics giant Philips is to sell off its home entertainment business, including hi-fis and DVD players, to Japan's Funai Electric.

BBC: Philips to exit hi-fis and DVD players