Siemens to Spend $150 Million on Data Center Factory as Part of Infrastructure Wave
As part of an international play to invest in high-tech infrastructure internationally, Siemens AG announced November 3 it would build a new, $150 million manufacturing plant in the Dallas-Fort Worth area to build electrical equipment for data centers. The new plant will be the latest of Siemens’ U.S. infrastructure investments, including a new electrical equipment factory in nearby Grand Prairie, Texas, another in Pomona, California, and a rail manufacturing plant in Lexington, North Carolina.
All told, the company expects the new investments, which total $500 million, to create a total of 1,700 U.S. jobs.
Siemens says production at the newly announced Fort Worth facility will start in 2024 to meet strong demand: The company said it expects demand for data-center equipment to grow by 10% annually through 2030.
Roland Busch, President and CEO of Siemens, said in a statement that the investments are well-timed and suit Siemens’ business plan for investing in global technology infrastructure.
“There’s never been a better time to invest in critical electrical infrastructure and green mobility to support the backbone of America’s economy,” Busch said. “With this latest step, Siemens is delivering on its €2 billion [$2.14 billion USD] global investment strategy for 2023 to boost growth, innovation, and resilience.”
The U.S. investments are part of a global strategy announced by Siemens in June to invest in high-tech factories and infrastructure around the globe, including in the U.S., Southeast Asia, China, and Europe.
