Siemens AG will invest $510 million in new US manufacturing capacity, including an electrical-equipment plant in Texas, to expand its supply chain in North America.
The investments will focus on growing data-center, semiconductor and battery manufacturing, the German industrial giant said in a statement Friday. Siemens will also commit $150 million of the funds to build a facility in Fort Worth, Texas, to make equipment destined to power industrial plants and data centers. Overall, the plan will create 1,700 jobs, including 700 in Fort Worth, the company said.
Read the full story here.