In 2006, Philips sold 80% stake in NXP for $8B to PE. In 2007, Philips started selling 16% stake in TSMC for ~$9B (it owned 28% in 1987 founding). Philips owned ~50% of ASML at its 1995 IPO and fully exited position by 2007. Took semiconductors cash outs to double down on lighting technology and medical devices (its largest deal ever wss $5B for sleep & respiratory care firm Respironics). Could’ve been worth $650B but now worth $27B. Wild.