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09 November 2023

Daily Newsletter

09 November 2023

Siemens to invest US$500 million in US manufacturing 2023

E-mobility is among the drivers of the Siemens investment in equipment for US data centres

Dani Cole November 09 2023

Siemens has announced it has made an investment of US$150 million in a new manufacturing plant in Dallas-Fort Worth.

This plant will produce electrical equipment. The firm says this will enable the growth of US data centres, which is being driven by the exponential adoption of generative AI.

E-mobility and automotive AI applications are among the drivers of the Siemens investment in electrical equipment for US data centres that will create around 1,700 jobs.

Roland Busch, President and CEO of Siemens AG said: “There’s never been a better time to invest in critical electrical infrastructure and green mobility to support the backbone of America’s economy.”

In addition, the company is investing in two electrical-products manufacturing plants in Grand Prairie, Texas, and Pomona, California.

The new Fort Worth facility and the Grand Prairie and Pomona extensions will meet demand for the data centres, battery plants, semiconductor facilities and EV charging.

The firm announced a US$220 million investment in a new rail manufacturing facility in Lexington, North Carolina, earlier this year. Combined, these projects bring overall US investment to $510 million.

Production at the new facility in Fort Worth is expected to start in 2024, preparing for full operations in 2025.

The factory will be built and operated using Siemens manufacturing tools, including digital twin technology and automation.

The Siemens Xcelerator portfolio will be used to capture and analyse data from the shopfloor on production and product performance.

Earlier this year, Siemens announced its global investment strategy in new factories, innovation labs and education centres to expand leadership in digitalisation, automation, electrification and sustainability.

As part of this strategy – which totals around €2 billion – Siemens has disclosed investments in regions such as China, Southeast Asia, Europe and the U.S.

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