Philips, a specialist in health technology, has announced a plan for new investments of more than $150 million in US manufacturing and research and development (R&D).
As part of the announcement, Philips unveiled the expansion of its Reedsville, Pennsylvania manufacturing facility, which produces AI-enabled ultrasound systems for hospitals across the US.
These investments come on top of Philips’ annual $900 million R&D investment in the US as well as investments in nearly 17,000 colleagues across 40 facilities in the United States. [Read more…] about Philips to invest more than $150 million in manufacturing and R&D in the US