Skyworth Takes Philips TVs US – Funai Out
- Osaka, Japan - Funai Electric, currently in bankruptcy proceedings, announced plans Wednesday to transfer a portion of its television business to China's skyworth Group. The proclamation occurred during...
- The deal will see Skyworth Group take control of the North American television business operating under the Philips brand.
- The transfer is expected to streamline Skyworth's operations in North America and provide continued service for existing Philips television customers.
Skyworth Group is poised to acquire Funai Electric’s North American Philips TV business,a move announced amidst Funai’s bankruptcy proceedings. This importent deal, revealed at a Tokyo creditors’ meeting, will see skyworth taking the reins of the Philips brand in North America.Crucially, Skyworth will rehire personnel from Funai’s Japanese repair subsidiary, ensuring continued service. This acquisition marks a pivotal shift in the television market, streamlining Skyworth’s operations and securing a future for Philips TV customers. For more details,visit News Directory 3. The transfer’s specifics are due in the next few months. Discover what’s next …
Funai Electric to Transfer TV Business to Skyworth Group
Updated July 2, 2025
Osaka, Japan – Funai Electric, currently in bankruptcy proceedings, announced plans Wednesday to transfer a portion of its television business to China’s skyworth Group. The proclamation occurred during a creditors’ meeting in Tokyo.
The deal will see Skyworth Group take control of the North American television business operating under the Philips brand. As part of the agreement, Skyworth will also rehire employees from Funai’s Japanese repair subsidiary. This subsidiary will then service Skyworth products.
What’s next
The transfer is expected to streamline Skyworth’s operations in North America and provide continued service for existing Philips television customers. Further details regarding the transition are expected to be released in the coming months.