Siemens, a German company, is strengthening its industrial capabilities to meet the increasing demand for electrical infrastructure related to data centers.
Siemens has announced an investment of over $165 million to expand its production capacities in the United States and support the rapid development of artificial intelligence and large-scale data centers. The project includes expanding sites in North and South Carolina, creating over 350 jobs, and is part of a broader program of over $700 million invested in the local industry in recent years.
This expansion aims to increase the production of critical electrical equipment, including energy distribution systems, prefabricated solutions, and medium-voltage technologies necessary for the operation of AI infrastructures.
“In essence, artificial intelligence is quickly becoming an essential economic infrastructure, and this investment is intended to support the next wave of industrial AI,” said Roland Busch, CEO of Siemens. He aims to position the company as “a key player in the indispensable energy infrastructure of the global AI economy.”
The stock is up 0.5% in Frankfurt within a generally balanced DAX market.
