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Philips, a European innovation giant, was once a leader in the electronics industry. From inventing the cassette tape and CD to founding companies like ASML and TSMC, the Dutch company played a major role in shaping the modern world. But what happened that this great name is now just a shadow of its past? In this video, we look at the amazing story of the rise and fall of Philips; a company that was at its peak the third largest electronics giant in the world and is now almost out of the industry. From controversial management decisions to painful failures in the field of innovation, this is a story that shows that even the greatest can fall. ???? If you are interested in topics such as innovation, technology and the history of great companies, don't miss this video! ???? Don't forget to subscribe to our channel and turn on the bell to see more videos. For more content, be sure to follow our Telegram channel: https://t.me/maakuta Makuta is an independent and student team. You can support us through the following link: https://zarinp.al/maakuta 0:00 The Fall of a Superpower 3:05 The Lighting Industry 5:47 The Audio and Video Industry 8:20 Home Appliances 11:50 The Semiconductor Industry 16:25 The Medical Equipment Industry 17:30 A Requiem for a Dream This video is a translation of a video of the same name produced by the Techaltar channel.