Trending: Siemens Unveils EUR2 Billion Investment Plan
16 June 2023 - 4:57AM
Dow Jones News
14:26 ET -- Siemens AG is one of the most mentioned companies in
the U.S. across all news items in the last 12 hours, according to
Factiva data. The German industrial conglomerate said it will
invest about 2 billion euros ($2.19 billion) to boost manufacturing
capacity this year. Plans include developing a high-tech plant in
Singapore, expanding its digital factory in Chengdu, China, and
making additional investments in research and development for
artificial intelligence. Siemens said EUR800 million has yet to be
unveiled but will be focused on the U.S. and Europe. Dow Jones
& Co. owns Factiva. (jennifer.tershak@wsj.com)
(END) Dow Jones Newswires
June 15, 2023 14:42 ET (18:42 GMT)
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