Siemens Unveils $2B Investment Strategy to Drive Future Growth, Innovation and Resiliency | Press | Agency

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“Our technologies address secular growth trends where our customers need our support to become more competitive, resilient and sustainable. Siemens is experiencing significantly higher growth than the market. Today we are announcing an investment strategy to spur future growth, drive innovation and increase resilience,” said Roland Busch, President and Chief Executive Officer of Siemens AG.

“Investments underpin our strategy to combine the real and digital worlds, as well as our focus on diversification and local-by-local business. We are clearly doubling down on our strong global presence to support growth in the world’s most important markets.”

In addition, an increase of approximately €0.5 billion in research and development (R&D), such as artificial intelligence and the industrial metaverse, is expected in fiscal 2023 compared to the previous year. This R&D is focused on strengthening Siemens’ leading position in core technologies including simulation, digital twins, artificial intelligence or power electronics, as well as supporting the development of the Siemens Xcelerator open digital business platform. The company recently announced a partnership with Microsoft to accelerate code generation for industry automation using ChatGPT. With NVIDIA, Siemens is working to build the industrial metaverse to improve the design, planning, production and operation of factories and infrastructure.

New and additional capabilities in Southeast Asia To meet growing demand in Southeast Asia, Siemens today announced a completely new high-tech plant in Singapore, which will be developed using Siemens’ leading digital twin and innovative, intelligent hardware technologies . The investment in the plant will be around 200 million euros. The plant will set a new standard for connectivity to showcase the possibilities of digitization, as well as incorporate highly automated manufacturing processes. The investment will create over 400 jobs.

All-region strategy with global investment wave As part of its investment strategy and fast-growing business in China, Siemens will also expand its digital factory in Chengdu to serve local growth opportunities in China for China, investing 140 million euros (RMB 1.1 billion) and the creation of 400 new jobs. Many of Siemens’ Chinese customers are early adopters of new technologies, particularly in digitization and high-tech manufacturing. This is why Siemens also announced investment in a new Digital R&D Innovation Center in Shenzhen to accelerate the development of motion control systems with digitization and power electronics technology. Siemens Xcelerator open digital business platform was launched in China in November 2022.

Series of Announcements Earlier this year, Siemens committed to expanding production in Trutnov, Czech Republic, to enhance the capacity of its WEF Global Lighthouse factory in Amberg, Germany. Additionally, Siemens invests €30 million to expand its switchgear plant in Frankfurt-Fechenheim, Germany, while Siemens Mobility recently announced it will spend $220 million to build a new rolling stock factory in Lexington, North Carolina. , to meet the growing demand for passenger trains in the United States. The plant will create more than 500 jobs by 2028.

The planned investments of 2 billion euros and the expected increase of approximately 0.5 billion euros in research and development include Siemens Healthineers.

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