Skip to content

Siemens to Invest $1 Billion in Germany and Create Blueprint for Industrial Metaverse

siemens metaverse

Siemens to Invest $1 Billion in Germany and Create Blueprint for Industrial Metaverse

Siemens is rigorously executing its previously announced €2 billion investment strategy. The company plans to invest around €1 billion in Germany, thereby boosting the country’s innovative strength. The technology company announced the establishment of its new Technology Campus in Erlangen, Germany, with investments of around €500 million in the expansion of development and manufacturing capacities. As a result, Siemens is establishing the Erlangen location as the nucleus of global technology activities for the industrial metaverse.

With around 3,500 employees, the current location is already home to a world-class factory for key products in industrial automation and digitalization. Through this investment, Siemens is now creating a blueprint for the industrial metaverse, a virtual representation of the real world – photorealistic, physics-based and in real time. Want to learn more about Siemen’s Metaverse investment and its plans for its new Technology Campus?

Read this article

 

Related Articles:

Why the Industrial Metaverse Will Eclipse the Consumer One?

Scroll To Top