Singapore, Aug. 15 -- Philips,a global leader in health technology, has announced a plan for new investments of more than $150 million in US manufacturing and research and development (R&D). As part of this announcement, Philips unveiled the expansion of its Reedsville, PA, manufacturing facility, which produces AI-enabled ultrasound systems for hospitals across the US.

These investments come on top of Philips' annual $900 million R&D investment in the US as well as investments in nearly 17,000 colleagues across 40 facilities in the United States. Philips has employees in every US state supporting innovations used by clinicians and patients in 90% of hospitals across the country.

The investment announced by Philips includes the expansio...