Berlin: German tech firm Siemens AG announced plans to invest over $10 billion into American manufacturing jobs, software, and AI infrastructure.

According to Anadolu Agency, Siemens is preparing for its largest-ever investment in industrial software and artificial intelligence with the acquisition of Altair Engineering. The agreement, signed in October 2024, aims to enhance Siemens' AI-powered design and simulation portfolio.

The company's statement revealed that the recent investments, including the planned acquisition of Altair, a Michigan-based software company, will amount to over $10 billion. This investment is projected to create 900 highly-skilled jobs in the US, further solidifying Siemens' presence in its largest market.

With the latest investments, Siemens' total investment in the US over the past two decades has surpassed $100 billion. The company currently employs more than 45,000 people in the US and collaborates with approximately 12,000 suppliers.

In a recent expansion, Siemens inaugurated two new production facilities for electrical products in Fort Worth, Texas, and Pomona, California. These facilities, part of a $285 million investment, are expected to enhance the production of products for sectors such as commerce, industry, and construction. Additionally, they will contribute to powering AI data centers in the US.

Roland Busch, president and CEO of Siemens AG, emphasized the company's commitment to the US market, stating, "The industrial tech sector is the basis to boost manufacturing in America, and there's no company more prepared than Siemens to make this future a reality for customers from small and medium-sized enterprises to industrial giants." Busch highlighted Siemens' long-term commitment, noting that their investments in the US will soon exceed $100 billion, bringing more jobs, technology, and a boost to America's AI capabilities.