Light is definitely theirs as well, and even though the TVs and white goods are made abroad they are still just as much Philips's creations as Intel is making CPUs.

Edit: this comment is false. Please ignore.

no it’s not. Philips Lighting is split of into a new brand: Signify. They pay to use the Philips name (e.g. for Philips Hue).

Totally missed that, my bad!

(Given that this is in my country and in my field of interest that's a pretty good indication of how big of a miss this is, so thank you for the correction.)