In 1891, brothers Gerard and Anton Philips founded the small light bulb factory that would grow into one of the largest electronics firms in the world. Philips' presence is probably the largest single contributing factor to the major growth of Eindhoven in the 20th century. It attracted and spun off many hi-tech companies, making Eindhoven a major technology and industrial hub. In 2005, a full third of the total amount of money spent on research in the Netherlands was spent in or around Eindhoven. A quarter of the jobs in the region are in technology and ICT, with companies such as FEI Company (once Philips Electron Optics), NXP Semiconductors (formerly Philips Semiconductors), ASML, ALTEN, Simac, Neways Electronics and the aforementioned Philips and DAF.