Core Insights - Siemens plans to invest $285 million in manufacturing in the United States, including two new facilities in California and Texas [1][4] - The total investment by Siemens in the U.S. will exceed $100 billion over the last 20 years, with this year's investment contributing significantly to that figure [2][3] - The new facilities are expected to create over 900 skilled manufacturing jobs and will support various sectors, including commercial, industrial, and construction [4] Investment Details - The recent investment marks more than $10 billion in total investments in the U.S. by Siemens [2] - The two new manufacturing facilities will be located in Fort Worth, Texas, and Pomona, California [4] - The equipment produced will also support AI data centers, enhancing America's capabilities in artificial intelligence [4] Leadership Statements - Roland Busch, president and CEO of Siemens AG, emphasized the company's belief in the strength of America's industry and the importance of innovation [3] - The announcement coincides with significant investments from other companies, such as Taiwan Semiconductor Manufacturing Co., which plans to invest an additional $100 billion in the U.S. [3]
Siemens announces $285 million investment in US manufacturing