Philips Semiconductor

LITCHI stocks and sells a wide variety of product from Philips Semiconductor. Formerly known as Philips Semiconductors, the company was sold by Philips in 2006. The new name, NXP, stood for the consumers "next experience". Philips Research Laboratories was involved in semiconductor research since the late 1940s, and succeeded in developing its first point contact transistor in 1949. On June 25, 1953, the Philips Board of Management decided to start a semiconductor operation, with manufacturing and development taking place in Nijmegen, Netherlands. From the 1950s until 1990, most of Philips semiconductor activities were conducted in a product division called Electronic Materials and Components.