Siemens AG (SIE.MU)

Siemens to invest more than US$500 million in U.S. manufacturing for critical infrastructure in 2023

MUNICH, Germany & DALLAS, November 03, 2023--Today, Siemens announced an investment of US$150 million in a new high-tech manufacturing plant in Dallas-Fort Worth to help power American data centers and critical infrastructure. This plant will produce state-of-the-art reliable and efficient electrical equipment. It will enable accelerated growth of U.S. data centers, which is being driven by the exponential adoption of generative AI. It will also ensure secure operation of critical infrastructure