Siemens to Invest $510M in US Manufacturing

Siemens is channeling funds into technologies such as data centers, semiconductors and EV charging to bolster the booming demand for digitization

Scarlett Evans, Assistant Editor, IoT World Today

November 6, 2023

2 Min Read
Siemens has announced several new investments into U.S. manufacturing

Siemens has announced several new investments into U.S. manufacturing supporting “high-growth” markets such as data centers, batteries, semiconductors, EV charging and rail transportation.

So far, Siemens has announced a $150 million investment into a new electrical equipment manufacturing plant in Dallas-Fort Worth, Texas and a $220 million investment into a rail manufacturing plant in Lexington, North Carolina.

Siemens is also investing in two electrical products manufacturing plants in Grand Prairie, Texas and Pomona, California. The company says the investments will meet a “booming demand” for the electrification of critical infrastructure.

These projects bring Siemens’ overall investment in the U.S. this year to $510 million and, according to the company, will create a total of around 1,700 jobs in the U.S., to boost innovation and supply chain resilience for the nation.

Production at the Fort Worth facility is expected to start in 2024, with full production set for 2025. The factory will be operated using Siemens’ smart manufacturing tools such as digital twin technology to drive sustainability and operational efficiency.

The Siemens Xcelerator portfolio will also be used to capture and analyze real-time data from the shop floor to boost productivity and efficiency.

Related:Siemens, Intrinsic Team to Accelerate Integration of Industrial Robots

“There’s never been a better time to invest in critical electrical infrastructure and green mobility to support the backbone of America’s economy,” said Roland Busch, Siemens AG’s CEO. “The hardware and software we offer – produced through our expanded U.S. manufacturing presence – will ensure that growing industries can meet demand while continuing to make progress in decarbonizing operations.

“With this latest step, Siemens is delivering on its $2.15 billion global investment strategy for 2023 to boost growth, innovation and resilience.”

Siemens announced its global investment strategy in June, with a focus on supporting high-tech factories, innovation labs and education centers to drive digitization and automation across industries.

About the Author(s)

Scarlett Evans

Assistant Editor, IoT World Today

Scarlett Evans is the assistant editor for IoT World Today, with a particular focus on robotics and smart city technologies. Scarlett has previous experience in minerals and resources with Mine Australia, Mine Technology and Power Technology. She joined Informa in April 2022.

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