MUNICH (dpa-AFX) – Siemens has announced billions in investments in factories and research in Asia, the USA and Europe. A high-tech factory for the production of automation technology with 400 new jobs is to be built in Singapore for 200 million euros, as the group announced on Thursday. The plant in Chengdu, China will be expanded for 140 million euros, which will also create 400 new jobs. In addition, the group announced further investments in Europe and the USA, which are to be announced in the course of the year.
Together with some investments already announced in the current year, among others in the Czech Republic, Amberg, Frankfurt and the USA, the investment plans should amount to around 2 billion euros. That would leave around one billion for the investments in Europe and the USA that have not yet been specified. These figures include the majority stake in Siemens Healthineers.
This also applies to a planned increase in investments in research and development by EUR 0.5 billion compared to the previous year. The focus will be on the areas of artificial intelligence and the industrial metaverse, in which Siemens is collaborating with NVIDIA and Microsoft, among others.
Siemens is growing significantly faster than the market, said CEO Busch. “As such, today we are announcing an investment strategy to fuel future growth, drive innovation and also increase our own resilience.” The investments underpin the group’s strategy to “connect the physical and digital worlds and our focus on diversifying and localizing our business.” Siemens is clearly relying on a strong global presence./ruc/DP/jha
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