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Siemens has announced plans to invest over $10 billion in the U.S., raising its total investment to more than $100 billion over the past 20 years. This investment will lead to the establishment of new manufacturing facilities in Fort Worth, Texas, and Pomona, California, which are expected to create over 900 jobs in skilled manufacturing.
The company is aiming to double its production capacity of electric equipment, essential for powering AI data centers and supporting various sectors, including commercial and industrial markets. Roland Busch, President and CEO of Siemens AG, emphasized the critical role of the industrial tech sector in enhancing U.S. manufacturing capabilities.
In a notable move, Siemens has plans to acquire Altair Engineering, a Michigan-based software company, which is projected to enhance its software offerings and fortify its presence in AI-driven solutions. The integration of Altair’s platform with Siemens’ existing software will create a comprehensive portfolio that enables faster design and manufacturing processes.
Siemens has been a significant employer in the U.S., with over 45,000 employees and partnerships with around 12,000 suppliers nationwide. This investment, coupled with the planned acquisition, is expected to bolster U.S. technological capabilities and support the progression of American industrial infrastructure.