XETRA • EUR Koninklijke Philips N.V. (PHI1.DE) Follow Compare 25.09 +0.21 +(0.84%) At close: January 17 at 5:35:38 PM GMT+1 All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Philips recall of heart monitor software tied to 109 injuries, 2 deaths Some electrocardiogram events, such as atrial fibrillation or abnormally rapid heartbeats, over two years were not reviewed by healthcare professionals due to a data routing issue. Philips CEO sees subdued China sales this year Philips CEO Roy Jakobs said he still expects subdued demand in China this year due to healthcare anti-corruption efforts by the Chinese government that has hurt revenue there for Western companies. Jakobs in a Sunday interview said volatility in the Chinese market could increase this year depending on the foreign trade policies adopted by President-elect Donald Trump, who takes office Jan. 20. Trump has previously said he will hit China with new tariffs on the first day of his presidency. 5 smart home gadgets from CES New innovations in smart deadbolts, water monitoring and electric vehicle charging were on display at the tech show in Las Vegas this week. Philips appoints Jie Xue as Chief Business Leader Precision Diagnosis, co-leader of the Diagnosis & Treatment segment, and Özlem Fidanci as Chief of International Region Jie Xue Özlem Fidanci January 9, 2025 Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the appointment of Jie Xue as Chief Business Leader Precision Diagnosis, and Özlem Fidanci as Chief of International Region, both effective January 1, 2025. Ms. Xue and Ms. Fidanci have joined Philips' Executive Committee and report directly to Roy Jakobs, CEO of Philips.Ms. Xue joins Philips from GE Healthcare to lead the Precision Diagno Philips divests chipmaking subsidiary Xiver to Dutch consortium Xiver is engaged in developing MEMS that integrates mechanical and electronic components on a silicon chip. Philips sells small chipmaking subsidiary, Telegraaf reports Healthcare technology company Philips has sold its Xiver computer chip subsidiary, the Telegraaf newspaper reported, citing Xiver's CEO. The business was sold to a consortium headed by Orange Mills Ventures, the investment vehicle of Dutch businessman Cees Meeuwis, the newspaper said. Financial terms were not disclosed. The 10 biggest medtech stories of 2024 The medtech space in 2024 has been marked by regulatory rulings, blockbuster acquisitions and cybersecurity challenges. NEFHSC, Baptist Health and Philips partner to offer pregnancy app subscription The initiative aims to enhance educational resources about pregnancy in the Baker, Clay, and Duval counties. Philips and SGH to launch MRI training centre in Singapore Two SGH MRI radiographers will participate in Philips Clinical Application Training under the partnership. NEFHSC, Baptist Health & Philips Give Local Families Free Pregnancy+ App JACKSONVILLE, Fla., December 09, 2024--To help ensure more families have access to educational resources they need for healthy birth outcomes, the Northeast Florida Healthy Start Coalition (NEFHSC), Baptist Health and Philips Avent (NYSE: PHG, AEX: PHIA) have partnered to offer a one-year, no-cost subscription to the premium version of Philips’ Pregnancy+. Pregnancy+, the number one pregnancy app worldwide, will be available to women and their families in Baker, Clay and Duval counties. Philips and Singapore General Hospital to advance medical imaging capabilities in Asia Pacific with first-of-its-kind MRI training collaboration Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, announces its strategic collaboration with Singapore General Hospital (SGH) to set up a first-of-its-kind Magnetic Resonance Imaging (MRI) Training Centre in Singapore. Commencing on December 9, 2024, the collaboration enhances SGH's efforts to advance medical imaging education and capabilities through the opening of the training centre to public and private hospitals in Singapore and Asia Pacific (APAC). Philips is focused on a 'resilient and agile' supply chain: CEO Philips (PHG) CEO Roy Jakobs sits down with Catalysts Hosts Seana Smith and Madison Mills to discuss the health tech company's strategy for President-elect Donald Trump's second term in the White House. "We have, of course, been going through several supply chain challenges [since the pandemic]. We also have been working [on] how we make our supply chain more resilient and agile because the situation currently is not clear, which means that we need to be prepared to move fast if [some] kind of clarity comes out," Jakobs tells the Catalyst team. He says the company is working to source products in the market in which they are being sold to minimize trade war impacts. "This was one of the pillars of my strategy where we said [a] reliable supply chain is extremely important to be able to cater to the demands in the healthcare market." Amid uncertainty around Trump's second term about tariffs and other policies, Jakobs says the company has "been working with many administrations, and we have been doing that across our lifetime of 133 years." He says Philips has worked with the current administration, the first Trump administration, and plans to continue to do so with the second Trump administration. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan. Philips aims to advance cardiac MRI technology through AI-driven research Patient preparing for a cardiac scan on the Philips Ingenia Ambition X MR system Philips Ingenia Ambition X MR system December 3, 2024 Collaboration intends to leverage proprietary AI technology from Philips and Mayo Clinic to target breakthroughs in ease-of-use and efficiency to bring high-quality diagnostic MRI and better care to more patients with heart disease Amsterdam, the Netherlands and Chicago, USA – Royal Philips (NYSE: PHG, AEX: PHIA) and Mayo Clinic today announced a research collabo Philips optimizes CT workflows with in-house AI, launches CT 5300 in North America at #RSNA2024 Philips CT 5300 with AI-enabled workflow Clinical image of the heart with Precise Cardiac on Philips CT 5300 December 1, 2024 Philips CT 5300 combines innovative hardware, software, and artificial intelligence to make high-quality screening, diagnostic, and interventional imaging accessible to more patients, including reading support with Automated AI-enabled Philips Advanced Visualization Workspace applicationsPhilips collaborates with Annalise.ai to evaluate streamlining workflows to prioritiz Better care for more people: Philips innovates in AI-enabled imaging and cloud-based informatics at #RSNA24 philips-next-gen-blueseal-mri-2 ct-5300-product-image-2 next-gen-blueseal-mri-with-smart-reading December 1, 2024 Philips' intelligent diagnostic and treatment solutions, combined with its advanced capabilities in healthcare informatics, uniquely position the company to drive precision imaging for a greater number of patients Amsterdam, the Netherlands and Chicago, USA – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today unveiled the company’s latest AI-powered dia Bio-Rad (BIO) Down 5.5% Since Last Earnings Report: Can It Rebound? Bio-Rad (BIO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues. Amazon.com (AMZN) and Philips Expand Collaboration: AI-Powered Diagnostics in the Cloud We recently published a list of 15 AI News Updates Wall Street Is Monitoring. In this article, we are going to take a look at where Amazon.com, Inc. (NASDAQ:AMZN) stands against other AI news updates that Wall Street is monitoring. AI companies in the United States, many of whom have extensive business relations in China, […] Philips expands AWS collaboration for cloud-based services With the expanded partnership, Philips aims to advance its HealthSuite cloud services and power genAI workflows. Philips Expands Collaboration with Amazon to Enhance HealthSuite Cloud Services The alliance intends to combine radiology, digital pathology, and cardiology diagnostic processes Philips and AWS expand strategic collaboration to advance HealthSuite cloud services and power generative AI workflows Radiologist looking at lung CT scan Oncologist and radiologist reviewing scans November 26, 2024 Cloud-enabled integrated diagnostics portfolio aims to unify workflows, improve access to critical insights, and drive better outcomes for patients Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the expansion of its strategic collaboration with Amazon Web Services (AWS) to offer Philips’ integrated diagnostics portfolio in the Performance Overview Trailing total returns as of 1/17/2025, which may include dividends or other distributions. Benchmark is AEX-Index Return PHI1.DE AEX-Index YTD +2.62% +4.87% 1-Year +20.63% +17.43% 3-Year -1.48% +16.68%