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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.
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