Siemens to Invest $285 Million in New US Manufacturing Facilities
Siemens AG (ETR: SIE) announced plans to invest $285 million in US manufacturing operations, unveiling two new facilities for electrical products in Fort Worth, Texas, and Pomona, California. The investment is expected to create more than 900 skilled manufacturing jobs.
The German technology company revealed Thursday that this expansion will more than double its production capacity of electrical equipment designed to power critical American infrastructure, including AI data centers nationwide. The manufactured equipment will support commercial, industrial, and construction markets across the country.
“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,” said Roland Busch, president and CEO of Siemens AG.
This announcement is part of broader US investments by Siemens, including the planned acquisition of Michigan-based software company Altair, signed in October 2024. Together, these initiatives represent more than $10 billion in recent investments in the American market.
Siemens reports that combining Altair’s capabilities with their existing software will create a comprehensive AI-powered design and simulation portfolio, enabling users globally to develop complex products more efficiently.
The US is Siemens’ largest market, where the company employs over 45,000 people and partners with approximately 12,000 suppliers nationwide.
“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 added.
The announcement follows other tech investments in the US, including Taiwan Semiconductor Manufacturing Co.’s recent commitment to invest an additional $100 billion for three more chip manufacturing plants and two packaging facilities in Arizona, beyond its previously announced $65 billion investment.
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