Schneider Electric to Invest More Than $700 Million in U.S.
Global energy management and digital transformation giant Schneider Electric will invest more than $700 million in U.S. operations over the next two years, the company announced yesterday (, subscription).
Whats going on: Schneider said it intends to leverage the investment to support the countrys focus on bolstering the nations energy infrastructure to power AI growth, boost domestic manufacturing and strengthen energy security.
- The investmentthe largest planned single capital expenditure in Schneider Electrics 135-plus-year historywill be used to expand manufacturing facilities across the U.S. and to boost smart factory transformation across Texas, Massachusetts, Missouri and Tennessee, among other states.
- The company is the latest in a string of large manufacturers to announce sizeable domestic investments. Last week, biopharmaceutical firm Johnson & Johnson it would spend more than $55 billion in the U.S. over the next four years.
- The announcement comes less than a year after the opening of Schneider Electrics 105,000-square-foot facility in Red Oak, Texas, to support the data center boom in the DallasFort Worth area.
Where else funds will go: The money will also be used to expand a campus in El Paso, Texas, to keep up with growing demand to increase production of switchgear and power distribution products, and to open a Houston innovation center that will offer AI-powered automation solutions.
Our take: Schneider Electrics significant investment is a clear sign that manufacturing in America is moving forwarddriving economic growth, innovation and job creation across the country, 51勛圖厙 President and CEO Jay Timmons in a statement quoted in the article.
- By expanding their operations with a focus on energy security, automation and AI, Schneider Electric is not only strengthening Americas competitiveness but also creating new opportunities and powering our nations future.
