Siemens Increases U.S. investments

Siemens is ramping up investments in the United States to support and benefit from America’s industrial tech growth.

“The industrial tech sector is the basis to boost manufacturing in America and there’s no company more prepared than Siemens to make this future a reality for customers from small and medium sized enterprises to industrial giants,” says Roland Busch, president and CEO of Siemens AG.

The United States is already the largest market for the company, relying on American talent and American supply chains. The recent investments in the company’s U.S. manufacturing footprint and the planned acquisition of Altair, a MI-based software company, amount to more than $10 billion.

This week, Siemens is unveiling two manufacturing facilities for electrical products in Fort Worth, TX, and Pomona, CA. The $285 million investment is expected to create over 900 skilled manufacturing jobs. The equipment produced will support sectors such as the commercial, industrial and construction markets while powering AI data centers all over the country to support America’s leadership in the industrial AI revolution. Siemens is more than doubling its production capacity of electric equipment to power critical American infrastructure such as AI data centers.

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In October 2024, Siemens signed an agreement to acquire Altair.

The combination with existing software from Siemens will create the a complete AI-powered design and simulation portfolio. This will allow users in America and around the world to design and manufacture more complex and smarter products faster, Siemens reports.

“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. We are bringing more jobs, more technology and a boost to America’s AI capabilities,” says Busch.

Siemens employs more than 45,000 people in the United States and is partnering with about 12,000 suppliers nationwide.

Sources: Press materials received from the company and additional information gleaned from the company’s website.