Tuesday, February 3, 2026 at 11:00 AM
Siemens Energy is investing $1 billion to enhance manufacturing in the U.S., addressing the rising electricity demand driven by data centers and AI infrastructure.
Funds are set to go toward a facility in Dresden, as well as other sites, to expand the manufacturing of semiconductors powering data centers and other AI infrastructure.
A deal to buy wind and solar developer Intersect is the latest in a series of moves that have left Google well prepared for the power crunch facing data centers.
When considered as a percentage of GDP, the projected spending of four tech giants for 2026 rivals the most momentous capital efforts in U.S. history, as shown in these charts.
The tech giant reported higher-than-expected spending on AI infrastructure while growth in its closely watched cloud business slowed.
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