Schneider Electric to invest over $700 million in US to power AI boom

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Schneider Electric said on Tuesday it plans to invest over $700 million in its U.S. operations over the next two years amid tariff threats that could affect the French electrical equipment maker.

The company said the investment, to be made through 2027, will focus on bolstering the U.S. energy infrastructure to power AI growth, boost domestic manufacturing and strengthen energy security.

Since his inauguration, US President Donald Trump has announced tariffs on multiple commodities from aluminium to steel, and pharmaceuticals to semiconductor chips.



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Schneider Electric to invest over $700 million in US to power AI boom


Schneider Electric said on Tuesday it plans to invest over $700 million in its U.S. operations over the next two years amid tariff threats that could affect the French electrical equipment maker.

The company said the investment, to be made through 2027, will focus on bolstering the U.S. energy infrastructure to power AI growth, boost domestic manufacturing and strengthen energy security.

Since his inauguration, US President Donald Trump has announced tariffs on multiple commodities from aluminium to steel, and pharmaceuticals to semiconductor chips.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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