# Siemens Healthineers to invest $15M to expand ultrasound device production in Pohang, South Korea

Siemens Healthineers has signed an MOU with Gyeongsangbuk-do and Pohang City to invest approximately 21 billion won ($15 million) from 2026 to 2027 to expand production capacity for cardiac ultrasound devices, doubling annual output to 1 million units and creating over 400 jobs.

- Type: Expansion
- Announced: 2023-10-12
- Where: Pohang, South Korea, South Korea
- Value: $15.0M (21.0B KRW)
- Jobs: 400
- Starts operating: 2026
- Status: announced
- Capacity: 1 million units per year
- Products: cardiac ultrasound devices, transducers, catheters
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Siemens Healthineers](https://endata.com/companies/19309.md)

## Sources

- [winwinnews.kr](https://www.winwinnews.kr/news/873522), 2023-10-12: "지멘스헬시니어스㈜는 2026년부터 2027년까지 약 210억 원(1,500만 달러)을 투자해 포항테크노파크 내 9,800㎡ 규모의 생산시설을 새로 확보하고 심장 초음파 의료기기 생산을 대폭 확대할 계획이다."

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