Founded in 1891, Philips began as a small company producing light bulbs in Eindhoven, Netherlands. Over the years, it expanded into various sectors including medical devices, consumer electronics, and household appliances. Philips has a long-standing tradition of innovation, being one of the first companies to produce a commercially viable electric light bulb and later venturing into radio and television manufacturing. The company has continuously evolved to meet changing consumer needs and has made significant strides in health technology in recent decades.