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After surviving World War II, Philips experienced global growth: it invented the audio cassette (1963), the CD (1983), and contributed to the development of the DVD. The company diversified into music with PolyGram and into healthcare.

Since the 2000s, Philips has refocused on health, lifestyle, and technology, selling off its home appliance and semiconductor businesses. Today, it is a global leader in medical technology, lighting, and electronic innovation.

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