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On Fri, 7 Mar, 12:03 AM UTC
3 Sources
[1]
Siemens announces $285 investment in US manufacturing
LOS ANGELES (AP) -- Siemens plans to invest $285 million in manufacturing in the United States, the tech company said Thursday, including two new facilities in California and Texas. The U.S. is the largest market for the company. The recent investments in the Siemens' U.S. manufacturing footprint and the planned acquisition of Altair, a Michigan-based software company, mark more than $10 billion in investment in the U.S. "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," Roland Busch, president and CEO of Siemens AG, said in a statement. "We are bringing more jobs, more technology and a boost to America's AI capabilities." Siemens' announcement comes as chip giant Taiwan Semiconductor Manufacturing Co. said it plans to invest an additional $100 billion in the U.S., on top of $65 billion in investments the company had previously said it would make. That investment will be for three more chip manufacturing plants, along with two packaging facilities, in Arizona. Siemens said it plans to open two manufacturing facilities for electrical products in Fort Worth, Texas, and Pomona, Calif. The company said it expects its latest investment to create more than 900 skilled manufacturing jobs, with the equipment produced in those factories supporting the U.S. commercial, industrial and construction sectors. The move will also allow the company to power AI data centers.
[2]
Siemens announces $285 investment in US manufacturing
LOS ANGELES (AP) -- Siemens plans to invest $285 million in manufacturing in the United States, the tech company said Thursday, including two new facilities in California and Texas. The U.S. is the largest market for the company. The recent investments in the Siemens' U.S. manufacturing footprint and the planned acquisition of Altair, a Michigan-based software company, mark more than $10 billion in investment in the U.S. "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," Roland Busch, president and CEO of Siemens AG, said in a statement. "We are bringing more jobs, more technology and a boost to America's AI capabilities." Siemens' announcement comes as chip giant Taiwan Semiconductor Manufacturing Co. said it plans to invest an additional $100 billion in the U.S., on top of $65 billion in investments the company had previously said it would make. That investment will be for three more chip manufacturing plants, along with two packaging facilities, in Arizona. Siemens said it plans to open two manufacturing facilities for electrical products in Fort Worth, Texas, and Pomona, Calif. The company said it expects its latest investment to create more than 900 skilled manufacturing jobs, with the equipment produced in those factories supporting the U.S. commercial, industrial and construction sectors. The move will also allow the company to power AI data centers.
[3]
Siemens Announces $285 Investment in US Manufacturing
LOS ANGELES (AP) -- Siemens plans to invest $285 million in manufacturing in the United States, the tech company said Thursday, including two new facilities in California and Texas. The U.S. is the largest market for the company. The recent investments in the Siemens' U.S. manufacturing footprint and the planned acquisition of Altair, a Michigan-based software company, mark more than $10 billion in investment in the U.S. "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," Roland Busch, president and CEO of Siemens AG, said in a statement. "We are bringing more jobs, more technology and a boost to America's AI capabilities." Siemens' announcement comes as chip giant Taiwan Semiconductor Manufacturing Co. said it plans to invest an additional $100 billion in the U.S., on top of $65 billion in investments the company had previously said it would make. That investment will be for three more chip manufacturing plants, along with two packaging facilities, in Arizona. Siemens said it plans to open two manufacturing facilities for electrical products in Fort Worth, Texas, and Pomona, Calif. The company said it expects its latest investment to create more than 900 skilled manufacturing jobs, with the equipment produced in those factories supporting the U.S. commercial, industrial and construction sectors. The move will also allow the company to power AI data centers. Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Siemens announces a $285 million investment in US manufacturing, including two new facilities in California and Texas, creating 900 jobs and enhancing AI data center capabilities.
Siemens, the global technology company, has announced a significant $285 million investment in its United States manufacturing operations. This move underscores the company's commitment to the American market and its confidence in the country's industrial innovation 123.
The investment includes the establishment of two new manufacturing facilities:
These facilities will focus on producing electrical products, supporting various sectors of the US economy, including commercial, industrial, and construction. Importantly, Siemens expects this expansion to create over 900 skilled manufacturing jobs, contributing to local economies and the broader US job market 123.
A key aspect of this investment is Siemens' intention to enhance its capability to power AI data centers. This strategic move aligns with the growing importance of artificial intelligence in various industries and highlights Siemens' role in supporting technological advancements 123.
Roland Busch, President and CEO of Siemens AG, emphasized the company's long-standing commitment to the US market:
"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," Busch stated 123.
The recent investments, combined with the planned acquisition of Altair, a Michigan-based software company, represent more than $10 billion in investment in the US. This substantial commitment underscores the United States' position as Siemens' largest market 123.
Siemens' announcement comes amid significant investments in the US semiconductor industry. Taiwan Semiconductor Manufacturing Co. (TSMC) has revealed plans to invest an additional $100 billion in the US, on top of $65 billion in previously announced investments. TSMC's expansion includes three more chip manufacturing plants and two packaging facilities in Arizona 123.
Siemens' investment is expected to have far-reaching effects:
As Busch noted, "We are bringing more jobs, more technology and a boost to America's AI capabilities" 123.
Reference
[2]
[3]
Apple announces a massive $500 billion investment in the United States over the next four years, emphasizing AI development, advanced manufacturing, and job creation.
44 Sources
44 Sources
Nvidia announces plans to manufacture AI chips and build supercomputers in the United States, responding to geopolitical tensions and potential tariffs while aiming to strengthen its supply chain.
58 Sources
58 Sources
Taiwan Semiconductor Manufacturing Company (TSMC) unveils plans to invest $100 billion in US chip manufacturing facilities, with a focus on AI chip production. The announcement, made alongside President Donald Trump, aims to boost domestic semiconductor production and strengthen the US position in AI technology.
18 Sources
18 Sources
Nvidia CEO Jensen Huang announces plans to invest hundreds of billions in US-made chips and electronics over the next four years, reflecting a significant shift in the company's supply chain strategy amidst geopolitical tensions and the Trump administration's "America First" policy.
7 Sources
7 Sources
The US finalizes a deal to provide TSMC with up to $6.6 billion in direct funding and $5 billion in loans to build advanced chip manufacturing facilities in Arizona, aiming to boost domestic semiconductor production and enhance national security.
4 Sources
4 Sources
