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Siemens to Spend $150 Million on Data Center Factory as Part of Infrastructure Wave

Nov. 3, 2023
The German tech company estimates its planned investments in U.S. infrastructure will create 1,700 U.S. jobs.

As part of an international play to invest in high-tech infrastructure internationally, Siemens AG announced November 3 it would build a new, $150 million manufacturing plant in the Dallas-Fort Worth area to build electrical equipment for data centers. The new plant will be the latest of Siemens’ U.S. infrastructure investments, including a new electrical equipment factory in nearby Grand Prairie, Texas, another in Pomona, California, and a rail manufacturing plant in Lexington, North Carolina.

All told, the company expects the new investments, which total $500 million, to create a total of 1,700 U.S. jobs.

Siemens says production at the newly announced Fort Worth facility will start in 2024 to meet strong demand: The company said it expects demand for data-center equipment to grow by 10% annually through 2030.

Roland Busch, President and CEO of Siemens, said in a statement that the investments are well-timed and suit Siemens’ business plan for investing in global technology infrastructure.

“There’s never been a better time to invest in critical electrical infrastructure and green mobility to support the backbone of America’s economy,” Busch said. “With this latest step, Siemens is delivering on its €2 billion [$2.14 billion USD] global investment strategy for 2023 to boost growth, innovation, and resilience.”

The U.S. investments are part of a global strategy announced by Siemens in June to invest in high-tech factories and infrastructure around the globe, including in the U.S., Southeast Asia, China, and Europe.        

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