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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Trade War Fallout Prompts San Diego's Illumina to Lower Outlook, Cut $100 Million in Costs
The San Diego-based company said it now expects 2025 adjusted profit ... China announced a ban on imports of genetic ...
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.
Illumina addresses recent developments in China
Illumina, Inc. (Nasdaq: ILMN) ("Illumina" or the "company") today responded to the March 4, 2025 notice from the China Ministry of Commerce ("MOFCOM") that Illumina is not permitted to export ...
Illumina named to Dow Jones Best-in-Class Indices for sixth consecutive year and as a Sustainability Yearbook Member for fourth consecutive year
Illumina, Inc. (NASDAQ: ILMN), a global leader in DNA sequencing and array-based technologies, has been named for the sixth ...
China hits Illumina with import ban. What does that mean for the San Diego gene sequencer?
China imposed an import ban on Illumina’s gene sequencers in response to President Trump’s escalating tariffs and trade war ...
As Trump’s New Tariffs Begin, China Retaliates Against San Diego’s Illumina
China announced a ban on Tuesday on imports of genetic sequencers from San Diego medical equipment maker Illumina, just minutes after U.S. President Donald Trump's additional 10% tariff on Chinese ...
Daily News13d
China Blacklists U.S. Biotech Firm: Impact and Implications
Amid escalating trade tensions with the United States, China made a bold move by blacklisting a prominent American ...
China Targets San Diego Biotech Firm in Broadening Blacklist
In a sign it is willing to go further in responding to President Trump’s tariffs, Beijing blocked more American companies ...
The Edge Singapore13d
China bans Illumina sequencer imports as trade tensions rise
Shares in Chinese gene-sequencing companies surged on Tuesday after the announcement of the ban. MGI Tech led the gains, ...
China bans US firm Illumina’s genetic sequencers amid trade war escalation
China bans Illumina genetic sequencer imports in response to U.S. tariffs, citing unfair practices and harming Chinese ...
medtechdive18d
Illumina to lay off 96 San Diego employees
Under CEO Jacob Thaysen, Illumina is working to reignite growth in its core genomics business after spinning off cancer test maker Grail last June, following a long battle with regulators opposed to ...