Siemens announces $285 million investment in US manufacturing

SARAH PARVINI

Updated Thu, Mar 6, 2025, 9:27 AM 1 min read

LOS ANGELES (AP) — Siemens (SIEGY) plans to put $285 cardinal successful manufacturing successful the United States, the tech institution said Thursday, including 2 caller facilities successful California and Texas.

The U.S. is the largest marketplace for the company. The caller investments successful the Siemens' U.S. manufacturing footprint and the planned acquisition of Altair, a Michigan-based bundle company, people much than $10 cardinal successful concern successful the U.S.

“We judge successful the innovation and spot of America’s industry. That’s wherefore Siemens has invested implicit $90 cardinal successful the state successful the past 20 years. This year’s concern volition bring this fig to implicit $100 billion," Roland Busch, president and CEO of Siemens AG, said successful a statement. “We are bringing much jobs, much exertion and a boost to America’s AI capabilities.”

Siemens’ announcement comes arsenic spot elephantine Taiwan Semiconductor Manufacturing Co. said it plans to put an further $100 cardinal successful the U.S., connected apical of $65 cardinal successful investments the institution had antecedently said it would make. That concern volition beryllium for 3 much spot manufacturing plants, on with 2 packaging facilities, successful Arizona.

Siemens said it plans to unfastened 2 manufacturing facilities for electrical products successful Fort Worth, Texas, and Pomona, Calif. The institution said it expects its latest concern to make much than 900 skilled manufacturing jobs, with the instrumentality produced successful those factories supporting the U.S. commercial, concern and operation sectors. The determination volition besides let the institution to powerfulness AI information centers.