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Siemens to invest €300 million in Hesse and create 700 jobs

Siemens will invest €300 million in Hesse, expand production of electrical switchgear in Frankfurt and relocate parts of pre-production to a new site in Offenbach. The measures are intended to significantly increase manufacturing capacity and create around 700 new jobs across three sites by 2030. Drivers are rising demand from data centers, electromobility and industrial automation, reinforced by investments in the AI sector. » More on finanzen.net
Deutsche Bank raises price target for Siemens to €260, rating remains 'Hold'

Deutsche Bank Research increases the price target for Siemens from €255 to €260 but keeps the rating at 'Hold'. Analyst Gael de-Bray points to solid momentum in the automation segment in Asia and the US as well as strong growth in the data center business, and expects an upward revision of the earnings target range for the current fiscal year. » More on finanzen.net
Appointment of Jim Hagemann Snabe as EU AI adviser sparks criticism over Siemens ties

The appointment of Siemens supervisory board chairman Jim Hagemann Snabe as the EU's special envoy for AI has drawn criticism over potential conflicts of interest. Critics say Siemens lobbied heavily on AI rules and stands to benefit from the expansion of energy‑intensive data centers, which could influence political decisions. The European Commission rejects the allegations and says safeguards have been put in place. » More on finanzen.net