Siemens expands manufacturing footprint in the Carolinas to support data center growth – WSOC TV

Siemens has invested more than $165 million in North Carolina and South Carolina to support the artificial intelligence and data center markets. The investment includes the opening and expansion of several manufacturing sites across both states.

The new facilities are designed to increase the company’s manufacturing capacity in the United States to meet a rise in electrical equipment orders. According to a company news release, the expanded footprint will allow for faster production and delivery of low and medium voltage products to data center operators.

In North Carolina, Siemens is establishing two new all-electric and carbon-neutral facilities. A 131,000-square-foot site in Raleigh is expected to add 100 jobs by the end of 2026.

This location will assemble integrated power delivery solutions, which are prefabricated systems designed to reduce on-site installation time for power infrastructure.

The company is also opening a 101,000-square-foot site in Wendell. This facility will localize the production of medium voltage protection and automation devices. The expansion is expected to create 50 new roles at that location.

In South Carolina, a new 120,000-square-foot facility is opening in Spartanburg.

The site will house a distribution center and lighting panel production. Nearby in Roebuck, Siemens is expanding its existing facility by 22,000 square feet to increase busway production capacity. This expansion includes the addition of a new paint line, epoxy line and plating line.

The combined developments in Spartanburg and Roebuck will create 150 manufacturing roles in Spartanburg County. These investments follow nearly $700 million the company has committed to U.S. manufacturing in recent years, including expansions in Pomona, Calif., and Fort Worth, Texas.

The expansion of the Siemens Electrification and Automation U.S. headquarters in Wendell is expected to create more than 200 additional jobs by 2028. This growth will specifically support expanded local switchgear production.

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Proposed data center regulations spark debate in York County

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Siemens Invests $165M for U.S. Data Center Manufacturing

Siemens has invested more than $165 million across North and South Carolina to support America’s rapidly accelerating AI and data center markets. The new and expanded sites directly support Siemens’ record levels of data center-related electrical equipment orders while also increasing the company’s US manufacturing capacity.These expanded facilities will enable faster production, assembly, and delivery of essential low and medium voltage products to customers. From protection and automation devices manufactured in Wendell, North Carolina, to busway systems produced in Roebuck, South Carolina, these solutions provide the electrical backbone needed to rapidly scale AI data centers and AI factories across the United States. These investments build on nearly $700 million Siemens has committed over the past several years to expand local U.S. manufacturing capacity, including new and expanded electrical products facilities in Pomona, California, and Fort Worth, Texas. “Customer demand is at an all-time high as advanced infrastructure upgrades are needed to meet the power requirements from increasing AI workloads,” said Ruth Gratzke, President of Siemens Smart Infrastructure U.S. “Through sustained investment in U.S. manufacturing, Siemens is enhancing its capacity to meet the needs of data center and AI factory customers during this transformative phase of the AI industrial revolution, underscoring our long‑standing commitment to American made solutions.”In North Carolina, Siemens is growing its footprint with two new all-electric, carbon�neutral facilities. In Raleigh, the brand new 131,000-square-foot facility will add 100 jobs by the end of the year and will assemble Siemens’ integrated power delivery solutions. These prefabricated systems significantly reduce on-site installation time for critical power infrastructure, helping data center operators bring capacity online faster. In Wendell, a new 101,000-square-foot site will localize production of medium voltage protection and automation devices while adding 50 new roles. Lastly, Siemens’ Wendell-based Electrification and Automation U.S. headquarters will expand local switchgear production, creating more than 200 additional jobs at the facility by 2028. In South Carolina, Siemens is opening a new 120,000-square-foot facility in Spartanburg that will house the company’s lighting panel production and distribution center. Nearby in Roebuck, the company’s current facility will also add 22,000 square feet. This will increase busway production capacity significantly along with additional fabrication capabilities. The expanded facility will feature a new paint line, epoxy line, and an expanded plating line. Together, the Spartanburg and Roebuck facilities will add 150 new manufacturing roles to Spartanburg County. “Siemens’ investment in North and South Carolina will expand America’s ability to build the critical infrastructure that powers our grid, while also creating hundreds of American jobs,” said U.S. Energy Secretary Chris Wright. “The Trump Administration remains committed to unleashing the affordable, reliable, and secure power needed to power the future of American innovation and prosperity.”These electrical products, together with Siemens’ simulation, automation and cooling optimization portfolios create a chip-to-grid-to-buildings solution that reshapes the infrastructure powering AI. Together these technologies ensure efficiency and resiliency for the data center industry as well as neighboring communities across the country.As workforce development is as critical as production capacity for the future of AI infrastructure, the Siemens Foundation recently launched Careers Electric™, a national initiative designed to expand access to high-quality electrical training and create clear pathways to well-paying, in-demand electrical careers. Careers Electric™ launched in North Carolina with a $9.25 million investment from the Siemens Foundation, in partnership with state leaders, education institutions, and national workforce organizations. Together, through increased manufacturing capacity, technology development and workforce training initiatives, Siemens remains committed to aiding the U.S. in its position as a leader in innovation.For more information on Siemens’ data center solutions, visit here.

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When is the US ISM Manufacturing PMI data and how could it affect EUR/USD?

US ISM Manufacturing PMI Overview

The United States (US) Institute of Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI) data for February is due for release today at 15:00 GMT.

The ISM report is expected to show that the manufacturing sector activity expanded again, but at a moderate pace. The Manufacturing PMI is at 51.8, down from 52.6 in January. Last month, manufacturing sector activity expanded for the first time after remaining below 50.0 for a straight 10 months, a figure that separates expansion from contraction.

Apart from the Manufacturing PMI, investors will also focus on sub-components of the data, such as Employment Index, Prices Paid, and New Orders Index. ISM Manufacturing Prices Paid – which reflects changes in expenditure for inputs such as labor and raw materials – is estimated higher at 59.5 from the previous reading of 59.0.

Weaker-than-projected US ISM Manufacturing PMI data would prompt expectations for interest rate cuts by the Federal Reserve (Fed), as policymakers remain concerned over the economic outlook. On the contrary, higher figures would diminish them.

How could US PMI data affect EUR/USD?

EUR/USD trades 0.75% lower at around 1.1730 at the press time. The near-term bias turns mildly bearish as spot slips below the 20-day Exponential Moving Average near 1.1800.

The 14-day Relative Strength Index (RSI) has retreated further towards 40.00 after failing to return above 60.00, indicating selling pressure at higher levels. Fresh bearish momentum would appear if the RSI breaks below 40.00.

Immediate support emerges at the trend-line break area around 1.1645, with a clear violation exposing the mid-1.15 region and then the 1.1489 origin of the uptrend. On the upside, initial resistance stands at the 20-day EMA around 1.1800, followed by the recent swing highs at 1.1880 and then the 1.2030 peak, which caps the broader bullish structure and would need to give way to negate the current corrective tone.

(The technical analysis of this story was written with the help of an AI tool.)

Economic Indicator

ISM Manufacturing PMI

The Institute for Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI), released on a monthly basis, is a leading indicator gauging business activity in the US manufacturing sector. The indicator is obtained from a survey of manufacturing supply executives based on information they have collected within their respective organizations. Survey responses reflect the change, if any, in the current month compared to the previous month. A reading above 50 indicates that the manufacturing economy is generally expanding, a bullish sign for the US Dollar (USD). A reading below 50 signals that factory activity is generally declining, which is seen as bearish for USD.

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Morph Systems, a defense industry and U.S. manufacturing data integration platform developer, announ..

Defense & U.S. Manufacturing Data Platform
Palantir Foundry Technology Utilization

사진 확대 A case of Morph Systems’ ontology construction that can identify relationships between unstructured data [Morph Systems]

Morph Systems, a defense industry and U.S. manufacturing data integration platform developer, announced on the 20th that it has attracted pre-seed investment from Mashup Ventures and 500 Global.

Morph Systems is an enterprise AI company that designs supply chain data and workflow for defense and U.S. manufacturing companies that are pushing for utilization advancement after the introduction of Palantir. Establish an ontology model that systematically defines data relationships according to the customer’s work context, and design data flows so that ERP (company resource management), logistics, settlement, and operation data can lead to actual decision-making and execution.

In addition, for organizations in the early stages of Palantir introduction, data and work structure design is also being carried out considering future expansion. Customers can have a data processing structure and a high-performance computing environment that can operate stably even if the supply chain expands. The technological excellence of these morph systems is advantageous not only at the manufacturing site, but also in the military and defense industry environment that requires large-scale material movement and strict traceability.

CEO Park Min-gyu, a graduate of Seoul National University’s Department of Aerospace Engineering, has published a number of international academic papers in the field of reinforcement learning, served as an AI researcher at the Korea Military Academy, and conducted defense and public AI projects. While working on a Palantir Foundry-based consulting project, he discovered the demand for data integration in the manufacturing and defense industries and decided to start a business. Co-founder Koo Ha-rim is a graduate of the Department of Mechanical Engineering at the National University of Singapore and has two startup experiences and is in charge of data integration and AI system implementation directly in the field.

Morph Systems expects 40% of its sales to come from U.S. customers since its first year, and to expand to more than 80% this year. Recently, in recognition of the excellence of data integration technology that can handle large-scale supply chains stably, it was selected for the TIPS program organized by the Ministry of SMEs and Startups and secured up to 500 million won in R&D funds. The selection of this tip was made on the recommendation of Mashup Ventures.

“After attracting this investment, we plan to implement a large-scale ontology-based computational and decision-making operation system centered on the U.S. market,” said Park Min-gyu, CEO of Morph Systems. “The ultimate goal is to expand to Neo-Cloud infrastructure and software layers optimized for specific industries and workloads based on our experience in operating field-oriented AI systems.”

Lee Seung-guk, a Mashup Ventures partner who led the investment, said, “The demand for data integration and decision-making automation is increasing rapidly in the process of re-industrialization and supply chain reorganization in the United States. Morph Systems is a team that solves core problems in the manufacturing and defense industry based on Palantir Foundry-based data integration technology and field-oriented experience, and it is expected to grow quickly in the U.S. market.”

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USD/JPY dips on weak US manufacturing data, stronger Japanese yields

USD/JPY trades lower around 156.30 on Monday at the time of writing, down 0.40% on the day, after giving back part of its earlier gains. The pair reflects a reversal in sentiment toward the US Dollar (USD), which had been supported earlier by safe-haven flows amid heightened geopolitical tensions in Latin America.

On the US side, the US Dollar (USD) initially drew support from market nervousness following the announcement of the capture of Venezuelan President Nicolas Maduro by the United States (US), an event that has revived geopolitical concerns and boosted demand for safe-haven assets. However, this support proved short-lived. The release of the Institute for Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) shows a decline to 47.9 in December, from 48.2 in November and below market expectations. This third consecutive drop confirms a deeper contraction in US manufacturing activity, driven by declines in production and inventories, even as price pressures remain elevated.

These figures reinforce the idea of a gradual slowdown in the US economy and add nuance to growth prospects. Markets therefore continue to price in two additional interest rate cuts by the Federal Reserve (Fed) in 2026. Investors also remain attentive to the possibility that US President Donald Trump could nominate a new Fed Chair when Jerome Powell’s term ends in May, a scenario seen as potentially favoring a more accommodative monetary policy stance. Minutes from the latest Federal Open Market Committee (FOMC) meeting further show that several officials consider it appropriate to pause further rate cuts as long as inflation continues to ease gradually.

Recent comments from Minneapolis Fed President Neel Kashkari, who said inflation remains too high but described the labor market as being in a low-hiring, low-firing environment, were not enough to stem selling pressure on the US Dollar.

Against this backdrop, the weaker US Dollar supports the Japanese Yen (JPY). The Japanese currency fully benefits from the risk-off environment, while also drawing support from rising domestic yields. Japanese government Bond yields have climbed to their highest levels since 1999, strengthening the appeal of the Japanese Yen (JPY). The narrowing yield differential between the United States and Japan also favors the Japanese currency.

In the near term, USD/JPY remains sensitive to shifts in overall market sentiment, upcoming US macroeconomic data and the trajectory of Bond yields, in an environment dominated by geopolitical uncertainty and monetary policy expectations.

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Canadian Dollar.

USDEURGBPJPYCADAUDNZDCHFUSD0.04%-0.57%-0.36%0.22%-0.28%-0.33%0.04%EUR-0.04%-0.61%-0.35%0.18%-0.32%-0.36%0.00%GBP0.57%0.61%0.23%0.80%0.29%0.25%0.62%JPY0.36%0.35%-0.23%0.57%0.06%0.02%0.39%CAD-0.22%-0.18%-0.80%-0.57%-0.51%-0.55%-0.18%AUD0.28%0.32%-0.29%-0.06%0.51%-0.05%0.33%NZD0.33%0.36%-0.25%-0.02%0.55%0.05%0.37%CHF-0.04%-0.01%-0.62%-0.39%0.18%-0.33%-0.37%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

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