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Philips to invest over $150M in US manufacturing and research facilities · Endata

◂ Announcements

Jun 30, 2025INVESTMENTReedsville, Pennsylvania; Plymouth, Minnesota, United States

Philips to invest over $150M in US manufacturing and research facilities

Philips announced an investment of more than $150 million in U.S. manufacturing and R&D facilities, including expansion of its Reedsville, Pennsylvania facility and its image-guided therapy facility in Plymouth, Minnesota.

Value

$150.0M

Status

Announced

ProductsAI-enabled ultrasound systemsimage-guided therapy equipment

CompaniesPhilips

Sectors#Medical Devices

“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.”markets.financialcontent.com

2 sources
markets.financialcontent.comContact Us - Concord Monitor - Philips to invest over $150M in US manufacturing, research facilitiesAdmin Newspack, AutomatticJun 30, 2025
stocks.observer-reporter.comContact - Observer-ReporterBy: FOX BusinessAug 14, 2025

Summarized from public sources; check the original articles before acting on it.

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Oct 7, 2021EXPANSIONReedsville, Pennsylvania; Plymouth, Minnesota, United States$150.0M
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