Siemens to Invest $150 Million in US Electrical Equipment Plant
03 November 2023 - 1:59PM
Dow Jones News
By David Sachs
Siemens will invest $150 million in a Texas electrical equipment
plant.
The German industrial company said Friday that the Dallas-area
factory will produce equipment to help power U.S. data centers,
whose growth is being driven by the adoption of generative
artificial intelligence. The products will also be used for
critical electric infrastructure in the U.S., Siemens said.
The investment is part of a 2 billion euros ($2.12 billion)
global investment strategy, Siemens said.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
November 03, 2023 08:44 ET (12:44 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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