Something I’ve been observing. This administration is the most PR and media oriented administration we’ve had. Everything seems to be a media play.
Note the lineup of big companies announcing, ahem, $100 billion investments over some period of time in the US. This, of course, helps keep these companies out of the crosshairs of media sniping by the administration.
We know from past experience that some of these investments had been long planned, some were no more than announcements of something that might happen, and some that seemed serious never really happened.
With that context, I really don’t want to throw Siemens under the bus, but this announcement appears, shall we say, interesting. Also it’s in line with many other announcements since January. Oh, and the magic $100 billion figure.
Siemens announces $10 billion in additional investments in the US, with recent investments, Siemens surpasses $100 billion in total U.S. investment over the past 20 years.
- New and expanded factories in Texas and California expected to create over 900 skilled manufacturing jobs
- More than doubling production capacity of electric equipment to power critical American infrastructure such as AI data centers
- Biggest-ever investment in industrial software and AI with planned acquisition of Altair Engineering
- Siemens is ramping up investments in the U.S. to support and benefit from America’s industrial tech growth.
“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.
The U.S. is already the largest market for the company, relying on American talent and American supply chains. The recent investments in the company’s U.S. manufacturing footprint and the planned acquisition of Altair, a Michigan-based software company, amount to more than $10 billion.
This week, Siemens is unveiling two state-of-the-art manufacturing facilities for electrical products in Fort Worth, Texas, and Pomona, California. The $285 million investment is expected to create over 900 skilled manufacturing jobs. The equipment produced will support critical sectors such as the commercial, industrial and construction markets while powering AI data centers all over the country to support America’s leadership in the industrial AI revolution. With that Siemens is more than doubling its production capacity of electric equipment to power critical American infrastructure such as AI data centers.
