Schwab Network podcast

Philips (PHG) Invests $150M+ in U.S. AI Ultrasound Expansion, Creating 100 Jobs

0:00
5:24
Rewind 15 seconds
Fast Forward 15 seconds

Philips (PHG) plans to invest over $150M in U.S. manufacturing and R&D, expanding production of its AI-enabled ultrasound systems. Global Chief Operations Officer Wim Appelo joins to discuss the investment, which takes Philips' total U.S. investment to over $1B/year. Appelo highlights how AI integration in ultrasounds drives efficiency and capability, particularly in diagnosing coronary artery disease and cardiovascular issues. The investment is expected to create over 100 new jobs in Pennsylvania.


======== Schwab Network ========

Empowering every investor and trader, every market day.

Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe

Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185

Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7

Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch

Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore

Watch on DistroTV - https://www.distro.tv/live/schwab-network/

Follow us on X – https://twitter.com/schwabnetwork

Follow us on Facebook – https://www.facebook.com/schwabnetwork

Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/

About Schwab Network - https://schwabnetwork.com/about

More episodes from "Schwab Network"