Wednesday, December 6, 2023
HomeINTERNATIONAL NEWSSiemens to invest $150M in high-tech Texas plant

Siemens to invest $150M in high-tech Texas plant

Siemens AG, the German technology giant, announced on Friday that it is investing $150 million in a new high-tech electrical equipment manufacturing plant in Dallas-Fort Worth, Texas.

The plant will help power US data centres and critical infrastructure.

Production at the new facility in Fort Worth is expected to start in 2024, gearing up for full operations in 2025. The factory would be built and operated using Siemens advanced manufacturing tools, including digital twin technology and high-tech automation to ensure the highest quality, efficiency, and sustainability levels, the company said.

The Siemens Xcelerator portfolio would be used to capture and analyze data from the shop floor on production and product performance in real-time.

The investment is expected to enable accelerated growth of US data centres, which is being driven by the exponential adoption of generative Artificial Intelligence (AI).

It would also ensure the secure operation of critical infrastructure. This investment specifically supports long-term customers in the data centre space, where demand is expected to grow by around 10% annually through 2030.

With this, Siemens would be delivering on its €2 billion global investment strategy for 2023 that aims to boost growth, innovation, and resilience, the company said.

Siemens had earlier announced an investment of $220 million in a rail manufacturing plant in North Carolina to bolster US infrastructure and mobility, the construction of which is now underway. In addition, the company is investing in two electrical products manufacturing plants in Grand Prairie, Texas, and Pomona, California, taking the overall investment in the United States this year to $510 million.

The investments form part of Siemens’ plans to invest more than $500 million in US manufacturing for critical infrastructure in 2023. The investments are expected to create a total of around 1,700 jobs in the US.



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