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.