<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>5
<FILENAME>ex_23-1.txt
<DESCRIPTION>CONSENT OF KPMG
<TEXT>
                                                                   Exhibit 23.1


                       CONSENT OF THE INDEPENDENT AUDITORS

To the  Supervisory  Board  and  Board  of  Management  of  Koninklijke  Philips
Electronics N.V.

We consent to the incorporation by reference in this  registration  statement on
Form S-8 of our report  dated  February 6, 2001,  relating  to the  consolidated
balance sheets of Koninklijke  Philips  Electronics  N.V. and subsidiaries as of
December 31, 2000 and 1999,  and the  consolidated  statements  of income,  cash
flows and  stockholders'  equity for each of the years in the three-year  period
ended December 31, 2000, included in the December 31, 2000 annual report on Form
20-F of Koninklijke  Philips  Electronics  N.V. Our report refers to a change in
the Company's  method of accounting for  derivative  financial  instruments  and
hedging activities.


/s/ KPMG Accountants N.V.

Eindhoven, The Netherlands
December 6, 2001.

</TEXT>
</DOCUMENT>
