Siemens plans $285M investment in US production

In a significant expansion of its U.S. operations, Siemens has unveiled plans to invest $285 million in manufacturing within the United States, with the establishment of two new facilities in California and Texas. This strategic move highlights the importance of the U.S. market for the company, reflecting its status as Siemens’ largest single market. Over a span of more than two decades, Siemens has dedicated over $90 billion in investments across the country, a figure set to surpass $100 billion with this latest investment, as stated by Roland Busch, President and CEO of Siemens AG.

Siemens’ expansion is aimed at bolstering the nation’s industrial capabilities, emphasizing advancements in technology and job creation. The development is part of the firm’s larger strategy to enhance its artificial intelligence capabilities and support various sectors including commercial, industrial, and construction sectors. This investment follows another major announcement by Taiwan Semiconductor Manufacturing Co., which plans to heighten its U.S. investment with an additional $100 billion. This is on top of the $65 billion commitment already pledged for the establishment of three mega chip manufacturing plants and two packaging facilities in Arizona.

Siemens’ forthcoming facilities in Fort Worth, Texas, and Pomona, California, are poised to produce essential electrical products, fostering over 900 skilled manufacturing jobs. This initiative aims to advance the production of vital equipment necessary for evolving business sectors, as well as powering artificial intelligence data centers across the United States. Through these investments, Siemens continues to reaffirm its commitment to tapping into the innovation and industrial strength inherent in the American industry.