Siemens will invest 300 million euros in Germany to expand its technological capacity for AI data centers, among other things.

Siemens announced on July 1st that it will invest 300 million euros in Germany, significantly expanding key technological capabilities for global energy transition and AI data centers. The investment project includes the construction of a new supplier facility in Offenbach, Germany, and the expansion of two existing factories in Frankfurt. The project will start in July of this year, with the supplier facility expected to start operation in the spring of 2027. This investment project will create 700 new jobs by the end of 2030.