Industry News

Philips raises outlook on improved parts supply

Update time : 2023-07-26 11:16:54

Royal Philips NV raised its sales outlook for the year as supplies of medical device parts eased, according to news. The company is also restructuring its business, laying off thousands of workers and conducting costly device recalls.

Philips said July 24 that revenue growth for the year would be in the mid-single digits (about 5%) compared with previous low-single-digit growth expectations. The company reported second-quarter adjusted EBITDA profit of €453 million, beating Bloomberg analysts' average estimate of €389 million.
Philips CEO Roy Jakobs said in a statement that Philips is making good progress on track, including improving patient safety and quality. Addressing the recall of sleep apnea devices remains a top priority for the company, he said. The company has allocated 1 billion euros for a global recall of about 5.5 million devices and has advanced an additional provision of 575 million euros as part of a planned compensation settlement with patients in the United States.
Philips, whose shares have risen 55% so far this year, reported second-quarter revenue of €4.5 billion, up 9% from a year earlier, but orders were down 8% from a year earlier.

Previous : Infineon Introduces Two New XENSIV ™ Pressure Sensors for Engine Management and Pneumatic Seating Systems

Next : Wafer fab equipment maker Wonik IPS buys rival APTC shares in bulk

How many chips does a car need?

Sep .19.2024

Automotive chips can be divided into four types according to their functions: control (MCU and AI chips), power, sensors, and others (such as memory). The market is monopolized by international giants. The automotive chips people often talk about refer to

Position and Function of Main Automotive Sensors

Sep .18.2024

The function of the air flow sensor is to convert the amount of air inhaled into the engine into an electrical signal and provide it to the electronic control unit (ECU). It is the main basis for determining the basic fuel injection volume. Vane type: The

Chip: The increasingly intelligent electronic brain

Sep .14.2024

In this era of rapid technological development, we often marvel at how mobile phones can run various application software smoothly, how online classes can be free of lag and achieve zero latency, and how the functions of electronic devices are becoming mo

LDA100 Optocoupler: Outstanding Performance, Wide Applications

Sep .13.2024

In terms of characteristics, LDA100 is outstanding. It offers AC and DC input versions for optional selection, enabling it to work stably in different power supply environments. The small 6-pin DIP package not only saves space but also facilitates install

About Us

About Us What we do Quality People

Products

CHIP/IC Active devices Passive device Components OTHER

China electronic components supplier----Wah Luen Shing Electronic.----www.wlschip.com

Leave a message