Siemens, the German technology conglomerate, has announced plans to invest over $10 billion in the United States, marking a significant expansion of its manufacturing capabilities and digital infrastructure. This substantial commitment brings Siemens’ total U.S. investments to more than $100 billion over the past two decades.
A key component of this investment strategy is the planned acquisition of Altair Engineering, a Michigan-based engineering software firm, for $10.6 billion. This acquisition aims to bolster Siemens’ position in the rapidly growing industrial software market by integrating Altair’s simulation software with Siemens’ hardware offerings, enhancing digital and real-world product projections. The deal is expected to close in the second half of 2025, with Siemens anticipating an 8% increase in digital business revenue in fiscal year 2023 as a result.
In addition to the Altair acquisition, Siemens is investing $285 million to enhance its U.S. manufacturing footprint. This includes establishing new facilities in Fort Worth, Texas, and Pomona, California, which are expected to create over 900 skilled manufacturing jobs. These facilities will produce electrical products supporting various U.S. sectors, including powering AI data centers, thereby strengthening Siemens’ role in advancing the nation’s critical infrastructure.
These investments align with Siemens’ global strategy to boost growth, innovation, and resilience. The company has outlined a €2 billion investment plan to expand manufacturing capacity, innovation labs, and education centers worldwide. This strategy underscores Siemens’ commitment to combining the real and digital worlds, supporting diversification, and fostering local-for-local business models to meet growing market demands.
Roland Busch, President and CEO of Siemens AG, emphasized the company’s dedication to the U.S. market, stating, “We are bringing more jobs, more technology, and a boost to America’s AI capabilities.” This sentiment reflects Siemens’ confidence in the innovation and strength of American industry, as evidenced by its substantial and ongoing investments.
Through these strategic initiatives, Siemens aims to solidify its position as a leader in industrial automation and digitalization, contributing to the advancement of critical infrastructure and technological innovation in the United States.
