According to cheaa.com via Digitimes, TPV Technology will reportedly take over Royal Philips Electronics' LCD TV business. An already-drafted agreement will give TPV the rights to use the Philips brand in its TV products along with LCD TV-related patent rights, inventories, customers and employees. Read Philips Opts Out of LCD TV Business, Funai Takes Over where Philips licensed its brand to Funai for the North American LCD TV market. It seems Philips want out of the LCD TV business for good.