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    Siemens to invest €300 million to expand production in Germany

    Picture of Siemens AG logoSiemens AG
    01/07/2026 08:02
    Siemens to invest €300 million to expand production in Germany 
    BERLIN, July 1 (Reuters) - Siemens AG SIEGn.DE will invest €300 million ($342 million) in Germany to expand production of technologies for the global energy transition and for AI data centres, it said on Wednesday.
    The investment will create 700 new jobs by the end of 2030, the company added.
    ($1 = 0.8772 euros)

     (Reporting by Miranda Murray, editing by Thomas Seythal)
     ((Miranda.Murray@thomsonreuters.com;))

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