We had NatLab (Natuurkundig laboratorium, physics laboratory) at Philips. It's the birth place of the compact cassette and compact disk and did a lot of fundamental research. The main reason for its closure is usually cited as decentralized funding techniques icw economic downturn, though the betting in the wrong technique in the '90s sure didnt help (e.g. better flat crts instead of lcd).
We had NatLab (Natuurkundig laboratorium, physics laboratory) at Philips. It's the birth place of the compact cassette and compact disk and did a lot of fundamental research. The main reason for its closure is usually cited as decentralized funding techniques icw economic downturn, though the betting in the wrong technique in the '90s sure didnt help (e.g. better flat crts instead of lcd).