# Siemens announces €2 billion investment strategy including new high-tech factory in Singapore

Siemens announced a €2 billion investment strategy for new manufacturing capacity, innovation labs, and education centers, including around €200 million for a new high-tech factory in Singapore to serve Southeast Asian markets.

- Type: Investment
- Announced: 2023-06-15
- Where: Singapore, Singapore
- Value: $215.0M (200.0M EUR)
- Jobs: 1,000
- Status: announced
- Products: high-tech factory
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Siemens](https://endata.com/companies/301.md)

## Sources

- [iaasiaonline.com](https://www.iaasiaonline.com/siemens-presents-e2-billion-investment-strategy-to-boost-future-growth-innovation-and-resilience-including-around-e200-million-for-a-high-tech-factory-in-singapore/), 2023-06-15: "Siemens today announced a new high-tech factory in Singapore, to serve the booming Southeast Asia markets."
- [reuters.com](https://www.reuters.com/business/siemens-new-investment-plan-create-more-than-1000-jobs-ceo-2023-06-15/), 2023-06-15: "Siemens' 2 billion-euro ($2.17 billion) investment plan, announced on Thursday, is more than double the company's cumulative investment spending over the past two years and will create over a thousand jobs"
- [press.siemens.com](https://press.siemens.com/global/en/pressrelease/siemens-invest-eu1-billion-germany-and-create-blueprint-industrial-metaverse-nuremberg), 2023-07-13: "Siemens is rigorously executing its announced €2 billion investment strategy."
- [reuters.com](https://www.reuters.com/technology/siemens-spend-1-bln-euro-germany-berlin-warns-about-china-2023-07-13/), 2023-07-13: "Siemens will spend 1 billion euros ($1.12 billion) on new factories and facilities in Germany, the engineering company said on Thursday."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.