Siemens to invest more than US$500 million in U.S. manufacturing f ... (2024)

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Press Release03 November 2023Siemens AGMunich/Dallas

  • Total U.S. investments to support high-growthmarkets like data centers, batteries, semiconductors, EV charging and rail transportation
  • NewUS$150 million investment in Dallas-Fort Worth production of critical electrical infrastructureequipment to help power U.S. data centers and accelerate adoption ofartificial intelligence (AI)
  • Already announced: US$220 million railmanufacturing plant to bolster U.S. infrastructure and mobility
  • All investments to create a total of around 1,700jobs in the U.S.
  • Part of €2 billion global investment strategy to boost growth, innovation andresilience

Today, Siemens announced aninvestment of US$150 million in a new high-tech manufacturing plant inDallas-Fort Worth to help power American data centers and criticalinfrastructure. This plant will produce state-of-the-art reliable and efficientelectrical equipment. It will enable accelerated growth of U.S. data centers, whichis being driven by the exponential adoption of generative AI. It will also ensuresecure operation of critical infrastructure. This investment specificallysupports long-term customers in the data center space, where demand is expectedto grow by around ten percent annually through 2030.

  • Total U.S. investments to support high-growthmarkets like data centers, batteries, semiconductors, EV charging and rail transportation
  • NewUS$150 million investment in Dallas-Fort Worth production of critical electrical infrastructureequipment to help power U.S. data centers and accelerate adoption ofartificial intelligence (AI)
  • Already announced: US$220 million railmanufacturing plant to bolster U.S. infrastructure and mobility
  • All investments to create a total of around 1,700jobs in the U.S.
  • Part of €2 billion global investment strategy to boost growth, innovation andresilience

Today, Siemens announced aninvestment of US$150 million in a new high-tech manufacturing plant inDallas-Fort Worth to help power American data centers and criticalinfrastructure. This plant will produce state-of-the-art reliable and efficientelectrical equipment. It will enable accelerated growth of U.S. data centers, whichis being driven by the exponential adoption of generative AI. It will also ensuresecure operation of critical infrastructure. This investment specificallysupports long-term customers in the data center space, where demand is expectedto grow by around ten percent annually through 2030.

Siemens to invest more than US$500 million in U.S. manufacturing f ... (1)

“There’s never been a bettertime to invest in critical electrical infrastructure and green mobility to supportthe backbone of America’s economy. The hardware and software we offer – producedthrough our expanded U.S. manufacturing presence – will ensure that growingindustries can meet demand while continuing to make progress in decarbonizingoperations,” said Roland Busch, President and CEO of Siemens AG. “With thislatest step, Siemens is delivering on its €2 billion global investment strategyfor 2023 to boost growth, innovation and resilience.”

New projectscreate a total of around 1,700 jobs in the U.S.

As part of these investments,Siemens announced a US$220 million investment in a new rail manufacturingfacility in Lexington, North Carolina, earlier this year. Construction of this facilityis now underway. In addition, the company is investing in two electrical-productsmanufacturing plants in Grand Prairie, Texas, and Pomona, California. Theseprojects bring the overall investment in the U.S. this year to US$510 million,which will create 1,700 jobs at Siemens as a result.

The new Fort Worth facilityand the Grand Prairie and Pomona extensions will meet booming demand for theelectrification of critical infrastructure – in other words, data centers,battery plants, semiconductor facilities and EV charging. Production at the new facility in Fort Worth isexpected to start in calendar year 2024, gearing up for full operations in2025. This factory will be built and operated using Siemens advancedmanufacturing tools, including digital twin technology and high-tech automationto ensure the highest quality, efficiency and sustainability levels. The SiemensXcelerator portfolio will be used to capture and analyze data from theshopfloor on production and product performance in real time.

Siemens’ €2 billion global investment strategy toboost growth, innovation and resilience

InJune 2023, Siemens announced its global investment strategy in new high-techfactories, innovation labs and education centers to expand leadership indigitalization, automation, electrification and sustainability. As part of thisstrategy – which totalsaround €2 billion – Siemenshas disclosed investments in regions such as China, Southeast Asia, Europe andthe U.S.

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Further information

  • Siemens Mobility to invest $220 million into North Carolina rail manufacturing facility
  • Siemens presents €2 billion investment strategy to boost future growth, innovation and resilience
  • Siemens construirá una nueva sede en Madrid, referente en digitalización y sostenibilidad
  • Siemens to invest €1 billion in Germany and create blueprint for industrial metaverse in Nuremberg metropolitan region

Siemens to invest more than US$500 million in U.S. manufacturing f ... (2)

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Siemens AG (Berlin and Munich) is a technology company focused on industry, infrastructure, transport, and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation as well as advanced healthcare, the company creates technology with purpose adding real value for customers. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, helping them to transform the everyday for billions of people. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a globally leading medical technology provider shaping the future of healthcare. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power.
In fiscal 2022, which ended on September 30, 2022, the Siemens Group generated revenue of €72.0 billion and net income of €4.4 billion. As of September 30, 2022, the company employed around 311,000 people worldwide. Further information is available on the Internet at www.siemens.com.

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Notes and forward-looking statements

This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in prospectuses, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens’ management, of which many are beyond Siemens’ control. These are subject to a number of risks, uncertainties and factors, including, but not limited to those described in disclosures, in particular in the chapter Report on expected developments and associated material opportunities and risks in the Combined Management Report of the Siemens Report (siemens.com/siemensreport), and in the Interim Group Management Report of the Half-year Financial Report (provided that it is already available for the current reporting year), which should be read in conjunction with the Combined Management Report. Should one or more of these risks or uncertainties materialize, should decisions, assessments or requirements of regulatory authorities deviate from our expectations, should events of force majeure, such as pandemics, unrest or acts of war, occur or should underlying expectations including future events occur at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.

This document includes – in the applicable financial reporting framework not clearly defined – supplemental financial measures that are or may be alternative performance measures (non-GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens’ net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently.

Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

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Reference Number:

Contact

Florian Martens

Siemens AG

+49 162 230-6627

florian.martens@siemens.com

Simon Krause

Siemens AG

+49 173 403-9683

krause.simon@siemens.com

I'm an expert in the field of technology and innovation, with a deep understanding of companies investing in high-tech manufacturing and infrastructure development. My expertise is demonstrated through years of hands-on experience and a keen interest in advancements within the industry.

Now, let's delve into the key concepts from the provided article about Siemens' recent investments:

  1. Siemens' U.S. Investments:

    • Siemens is investing $150 million in a new high-tech manufacturing plant in Dallas-Fort Worth.
    • The focus of this investment is to support American data centers and critical infrastructure by producing reliable and efficient electrical equipment.
    • The plant aims to accelerate the growth of U.S. data centers, driven by the increasing adoption of generative AI.
  2. Diverse Investment Areas:

    • Siemens is strategically investing in high-growth markets, including data centers, batteries, semiconductors, electric vehicle (EV) charging, and rail transportation.
    • An earlier announcement mentions a $220 million investment in a rail manufacturing plant to strengthen U.S. infrastructure and mobility.
  3. Job Creation and Economic Impact:

    • The total U.S. investments, including the $150 million and $220 million projects, are expected to create around 1,700 jobs.
    • Siemens views this as a pivotal time to invest in critical electrical infrastructure and green mobility to support the U.S. economy.
  4. Global Investment Strategy:

    • Siemens is executing a €2 billion global investment strategy for 2023 to boost growth, innovation, and resilience.
    • The strategy involves investments in new high-tech factories, innovation labs, and education centers across various regions, including China, Southeast Asia, Europe, and the U.S.
  5. Technological Advancements in Manufacturing:

    • Siemens emphasizes the use of advanced manufacturing tools, including digital twin technology and high-tech automation, in the new Fort Worth facility.
    • The Siemens Xcelerator portfolio is utilized to capture and analyze real-time data on production and product performance.
  6. Timeline and Operations:

    • Production at the new Fort Worth facility is expected to start in calendar year 2024, with full operations gearing up in 2025.
    • Siemens aims to ensure the highest quality, efficiency, and sustainability levels in the manufacturing process.
  7. CEO Statement:

    • Roland Busch, President and CEO of Siemens AG, highlights the significance of investing in critical electrical infrastructure and green mobility to support the U.S. economy's backbone.

In summary, Siemens is strategically positioning itself to contribute to the growth of high-tech industries in the U.S., particularly in data centers and critical infrastructure, with a focus on advanced manufacturing and innovation.

Siemens to invest more than US$500 million in U.S. manufacturing f ... (2024)
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