Illumina to cut $100M in costs to cope with China ban
The San Diego company also lowered its financial guidance for 2025 in response to China’s import restrictions.
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The Illumina Ban and What It Means for Life Science Companies
Amid increasing economic tensions with the United States, China recently announced that it would ban Illumina, a U.S.-based company and the ...
Illumina to Cut $100 Million in Costs, Lowers Guidance Because of China Sales Ban
Beijing banned imports of Illumina’s gene-sequencing machines in response to U.S. tariffs.
Diagnostic Kit Maker Illumina To Cut $100 Million In Costs, Lowers 2025 Profit Outlook Amid China Trade Restrictions
Illumina slashes costs by $100 million after China bans its sequencers. The company lowers its 2025 EPS outlook and aims for ...
Illumina lowering 2025 earnings outlook to low end of range, WSJ says
Illumina (ILMN) is reducing its forecast for this year’s financial performance and cutting $100M in spending because China barred sales of its ...
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Walmart faces Chinese heat after demand for price cuts
Chinese authorities met with Walmart executives following reports of the retailer asking Chinese suppliers to absorb higher ...
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Illumina, Inc. (ILMN)
Illumina is reducing its forecast for this year’s financial performance and cutting $100 million in spending because China barred sales of the company’s gene-sequencing machines. San Diego ...
The Business Times1d
Walmart faces heat from Beijing after demand for price cuts
NEW YORK] Chinese authorities summoned Walmart executives on Tuesday (Mar 11) over reports it asked suppliers to bear rising ...