Butterfly Network's CEO Discusses Future Revenue from Chip Technology
November 14, 2026 - 08:25
Butterfly Network is broadening its horizons beyond its established handheld ultrasound devices. In a recent conversation with UBS MedTech's Patrick Wood, CEO Joe DeVivo revealed that the company is now licensing its semiconductor technology to various firms. This strategic move aims to tap into the growing market for chip technology, which DeVivo believes could eventually surpass the revenue generated from its ultrasound devices.
The company continues to actively sell its point-of-care ultrasound products, which have been well-received in medical settings. However, the focus on semiconductor technology represents a significant pivot in its business strategy. By leveraging its expertise in chip development, Butterfly Network is positioning itself to capitalize on new revenue streams that could enhance its overall financial performance.
DeVivo emphasized that this transition not only diversifies the company's offerings but also aligns with broader trends in the healthcare technology sector, where demand for advanced semiconductor solutions is on the rise. The future looks promising as Butterfly Network aims to establish itself as a key player in both ultrasound and semiconductor markets.
MORE NEWS
November 13, 2026 - 22:34
FAA Implements Nationwide Flight Ground StopThe Federal Aviation Administration late Friday afternoon issued a nationwide ground stop, impacting flights across the country. This unexpected decision came as a response to technical issues that...
November 13, 2026 - 04:31
Bill Ackman calls Anthropic 'the most amazing business story of this century' — but he's not a buyerIn a recent discussion, Bill Ackman, a well-known figure in the investment world, expressed admiration for Anthropic, describing it as `the most amazing business story of this century.` Despite...
November 12, 2026 - 12:30
Addressing Data Challenges as COP31 Moves ForwardAs COP31 transitions into the implementation phase, businesses are confronted with significant data challenges that could hinder their sustainability efforts. The first hurdle is fragmented data....
November 11, 2026 - 19:25
Veteran Transforms Military Skills into Coffee Shop Success in BaltimoreFor one Maryland veteran, the lessons and passions he developed during his military service helped pave the way for a new mission: opening his own coffee shop in Baltimore. After years of serving...