Philips commits $150M to boost US AI health manufacturing expansion

Image for article Philips commits $150M to boost US AI health manufacturing expansion
News Source : Fox Business

News Summary

  • Philips is investing more than $150 million toward U.S. manufacturing and research and development.
  • The company is expanding the production of AI-powered health technology innovations.
  • Part of its latest investment includes the expansion of its Reedsville, Pennsylvania, manufacturing facility.
  • The investment aligns with the Trump administration's goals of boosting domestic manufacturing and helping the U.s. become less reliant on foreign goods.
  • President Donald Trump has pushed companies to reshore manufacturing and jobs to the United States.
Philips is investing more than $150 million toward U.S. manufacturing and research and development with the goal of expanding the production of AIpowered health technology innovations.While its [+5130 chars]

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