TPV and Philips reportedly have reached a preliminary agreement to create a joint venture that will manage Philip's monitor business in China, according to Chinese-language reports on Sina.com.
Sources in the industry revealed that officials from Philips visited TPV on June 3 regarding the joint venture plan, noted the report, which stated that Philips's monitor operation in China will remain with Philips' current monitor team but will be managed by TPV under the joint venture. The plan is scheduled to take effect in the fourth quarter of this year, stated the reports, which noted that both Philips and TPV refused to comment on the subject.
Article translated by Yvonne Yu
