LOS ANGELES — Siemens has unveiled plans to inject approximately $285 million into its manufacturing operations across the United States, as per their announcement on Thursday. This development includes the establishment of two brand-new facilities located in California and Texas.
The United States remains the largest market for Siemens, cementing its importance to the company’s overall growth strategy. The latest investments form part of a broader initiative that has seen more than $10 billion allocated to Siemens’ U.S. manufacturing capabilities. The strategic acquisition of Altair, a software company based in Michigan, further exemplifies the company’s commitment to this pivotal market.
Roland Busch, president and CEO of Siemens AG, emphasized the significance of these endeavors by stating, “We believe in the innovation and strength of America’s industry. That’s why Siemens has invested over $90 billion in the country in the last 20 years. This year’s investment will bring this number to over $100 billion.” He added that this effort is poised to contribute more jobs, advanced technology, and enhance America’s AI capabilities.
This announcement from Siemens coincided with a major investment disclosure from Taiwan Semiconductor Manufacturing Co., which plans to invest an additional $100 billion in the U.S. This is on top of the $65 billion previously announced, earmarked for the construction of three new chip manufacturing plants and two packaging facilities in Arizona.
Siemens’ planned facilities in Fort Worth, Texas, and Pomona, California will focus on manufacturing electrical products. It’s anticipated that these developments will generate over 900 skilled jobs in the production sector. The equipment produced will cater to commercial, industrial, and construction needs throughout the United States, while also supporting the growing demand for AI data centers. This expansion underscores the company’s commitment to boosting America’s industrial landscape.
