# Philips invests over $150M in US manufacturing and R&D facilities

Philips announced an investment of over $150 million to expand its manufacturing and R&D facilities in the U.S., including the expansion of its Reedsville, Pennsylvania, facility for AI-enabled ultrasound systems and its image-guided therapy facility in Plymouth, Minnesota.

- Type: Expansion
- Announced: 2021-10-07
- Where: Reedsville, Pennsylvania; Plymouth, Minnesota, United States
- Value: $150.0M
- Status: announced
- Products: AI-enabled ultrasound systems, image-guided therapy equipment
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Philips](https://endata.com/companies/21124.md)

## Sources

- [markets.financialcontent.com](https://markets.financialcontent.com/worldnow.insideindianabusiness/news/read/44864053/philips_to_invest_over_$150m_in_us_manufacturing), 2021-10-07: "Increasing our manufacturing and R&D capabilities will create jobs and accelerate our ability to deliver better care for more people with innovative AI-enabled solutions."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.