Philips’ $150m investment will support the expansion of two of its key AI ultrasound system and software manufacturing ...

Healthcare technology company Philips announced that it is investing more than $150 million in U.S. manufacturing and ...

Philips is planning to invest at least $150 million in new funding for its U.S. production base, including the expansion of a Pennsylvania facility.

But today, Philips has fallen to number 36 among the world's largest electronics companies, and the glory days of making cutting-edge TVs, radios, and consumer electronics are a distant memory.

Philips said Monday it will stop selling its sleep apnea machines in the US, more than two years after the Dutch manufacturer began recalling the breathing devices for potential health risks.

Philips shares surged 35% early on Monday as the medical devices maker announced a smaller-than-expected settlement to resolve claims over recalled breathing devices in the United States.

Philips' recall of BrightView Imaging Systems, used for single photon emission computed tomography (SPECT) scan, is to correct the faulty component and not a product removal, the health regulator ...

Philips Hue says US prices will go up in July because of tariffs The company didn't beat around the bush in its statement to Hueblog.

Philips Respironics will stop selling its sleep therapy and respiratory care devices in the U.S. until it meets the demands of a consent decree from the FDA, according to a press release from the ...

Dutch health technology company Philips will not sell new devices to treat sleep apnea in the U.S. in the coming years as it works to comply with a settlement with the Food and Drug Administration ...

Philips will soon stop selling sleep apnea devices in the U.S. as part of a tentative agreement with regulators. Millions of the company's devices have been recalled.