Home Tech Biden to announce Siemens investment, planned factory jobs | Technology News

Biden to announce Siemens investment, planned factory jobs | Technology News

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President Joe Biden has been pushing for more U.S. factory jobs — and he’ll be joined Friday by the CEO of technology company Siemens USA to announce a $54 million investment in producing equipment for the electrical infrastructure.

The investment will lead to 300 additional jobs at locations that include California and Texas, according to senior Biden administration officials who insisted on anonymity to preview the event on the White House campus. Siemens USA CEO Barbara Humpton is among several manufacturing executives who’ve met with Biden in recent weeks to discuss their expansion plans.

The U.S. has about 12.6 million manufacturing jobs, about 200,000 jobs shy of pre-coronavirus pandemic levels. Past presidents have pledged a factory boom, yet the economy had roughly 17.3 million manufacturing jobs toward the start of 2000 when outsourcing to China and other countries accelerated as employers sought to lower their costs.

The Democratic president…

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