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

1. Philips invests $150 million in U.S. manufacturing and R&D initiatives. 2. Expansion of Pennsylvania facility for AI-enabled ultrasound systems; 120 jobs to be created. 3. The investment supports domestic manufacturing and innovation for healthcare technology. 4. Philips' commitment reflects alignment with U.S. goals of reducing foreign reliance. 5. Existing $900 million annual R&D investments bolster Philips' growth trajectory.