Mucahithan Avcioglu
10 March 2025•Update: 10 March 2025
ISTANBUL
German tech firm Siemens AG announced that it plans to invest more than $10 billion into American manufacturing jobs, software and AI infrastructure, according to company's statement on Thursday.
Siemens is preparing to make its largest ever investment in industrial software and artificial intelligence with the acquisition of Altair Engineering. In line with the agreement signed in October 2024, the combination of Siemens and Altair will strengthen the company's AI-powered design and simulation portfolio, according to the statement.
"The recent investments in the company’s US manufacturing footprint and the planned acquisition of Altair, a Michigan-based software company, amount to more than $10 billion," it said.
The investment is also expected to create 900 highly-skilled jobs in the US.
After the latest investments, Siemens' total investment in the US over the last 20 years has exceeded $100 billion.
Currently, the US is the largest market for Siemens as it employs more than 45,000 in the country and cooperates with approximately 12,000 suppliers.
Last week, Siemens inaugurated two new production facilities for electrical products in Fort Worth, Texas and Pomona, California.
These investments, totaling $285 million, are expected to increase the production of products to be used in sectors such as commerce, industry and construction, and contribute to powering artificial intelligence data centers in the US.
“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.
“We believe in the innovation and strength of America’s industry. That’s why Siemens has invested over $90 billion in the country in the last 20 years. This year’s investment will bring this number to over $100 billion. We are bringing more jobs, more technology and a boost to America’s AI capabilities,” he added.
