China Electronics Corporation (CEC) is one of the largest producers of telecom equipment in China. CEC has four main semiconductor divisions: computer software/hardware & system integration, telecommunication network & terminals and digital home appliances.
Video China Electronics Corporation
Acquisition of Philips mobile
CEC acquired the mobile phone division from Philips in 2007. At that moment, the Philips division had an annual revenue of 400 million euros and 240 employees. CEC got the right to sell mobile phones under Philips license.
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.
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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).
References
External links
- www.cec.com.cn - Official web site
Source of article : Wikipedia
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