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Decoder with Nilay Patel

How Philips CEO Roy Jakobs is turning the company around after major recall

115.379 - 129.248 Neil I. Patel

But it sold that stake in 2008, while also spinning off its own semiconductor business into what is now the very successful NXP. Basically, while every other company has been trying to get bigger, Royal Philips has been paring itself down to a tight focus on healthcare.

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