Philips also receives royalties from TP Vision .
In April 2012 , all 3300 employees of Philips ' TV division transferred to TP Vision , a joint venture 70 % owned by TPV Technology , headquartered in Hong Kong , China and 30 % by Royal Philips Electronics .
Royal Philips Electronics also receives royalties from joint venture   .
In April 2012 , all 3300 employees of Philips ' TV division transferred to TP Vision , a joint venture 70 % owned by TPV Technology , headquartered in Hong Kong , China and 30 % by Royal Philips Electronics .