The Latest Breaking News from Siemens

Siemens AG (OTC:SIEGY) plans to invest $54 million in existing and new sites in Texas and California that develop electrical equipment for critical infrastructure systems, including EV charging, data centers, and industrial installations. The investment also encompasses a soon-to-be chosen manufacturing location for EV charging equipment, spurring domestic manufacturing of Level 2 charging.…

Toshiba’s Chief Executive Satoshi Tsunakawa is stepping down, as the embattled Japanese technology giant seeks to restructure and restore its reputation. Tsunakawa will be replaced by Taro Shimada, an executive officer and corporate senior vice president, under a decision made at a Toshiba board meeting Tuesday, the Tokyo-based company said.…

Siemens AG (OTC:SIEGY) reported first-quarter FY22 revenue growth of 17% year-on-year to €16.5 billion. Orders rose 52% Y/Y to €24.2 billion. Orders increased 42%, and revenue rose 9% on a comparable basis. Profit Industrial Business increased 12% Y/Y, to €2.5 billion, and the corresponding profit margin came in at 15.7% (Q1 2021: 16.5%). The basic…

Germany Siemens AG saw net profit at the global maker of trains and industrial equipment rise 20% to 1.8 billion euros in the last three months of 2021

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The Saudi British Bank (SABB) has signed an agreement with Siemens to provide smart building services for SABB’s new headquarters, making the 30-story tower a model of digitally enabled efficiency, comfort, and sustainability. SABB selected Siemens to supply the services at SABB Tower in Riyadh.

Subject to award of a Contract for Difference, the wind turbine components will be marshalled prior to installation through 2024