Loewe (electronics)

[2] His work with the young physicist Manfred von Ardenne in 1926 led to the development of the Loewe 3NF, an early attempt to combine several functions into one electronic device, similar to the modern integrated circuit.

It was the basis for the broadcast receiver OE 333 that Loewe produced in his factory from 1926 on, of which for the first time in Germany several hundred of thousands sets were sold.

In 1931, Manfred von Ardenne presented the world's first fully electronic television to the public on the Loewe stand at the 8th Berlin Radio Show.

[5] When Adolf Hitler came to power in Germany, Siegmund Loewe was forced to emigrate to the US in 1938, where he developed a friendship with Albert Einstein.

In the 1950s, Loewe began producing the Optaphon, an early cassette tape recorder with auto-reverse function, but it was not a commercial success.

In contrast, the start of radio and television production at the current site in Kronach was very successful and Loewe was able to increase its turnover from 10 to 169 million Deutsch Marks between 1949 and 1960.

Loewe responded with a reorganization program, switched the television range completely to flat screens and revitalized the brand by pursuing an even stricter premium course.

[13] Following financial hardships, in July 2013 the company filed for bankruptcy protection, but on 1 October 2013, the Loewe Group entered into a self-administration process.

French football star Kylian Mbappe bought a stake in Loewe on 30 September 2024, which the company expects will lead to an increase in sales and possibly an IPO.