Philips sells small chipmaking subsidiary, Telegraaf reports


FILE PHOTO: Philips Healthcare headquarters is seen in Best, Netherlands August 30, 2018. REUTERS/Piroschka van de Wouw/File Photo

AMSTERDAM (Reuters) - Healthcare technology company Philips has sold its Xiver computer chip subsidiary, the Telegraaf newspaper reported, citing Xiver's CEO.

The business was sold to a consortium headed by Orange Mills Ventures, the investment vehicle of Dutch businessman Cees Meeuwis, the newspaper said.

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