Siemens Q4 Profit Beats View; Sees Persistent Demand for Hardware, Software

German engineering and technology group Siemens posted a better-than-expected fourth-quarter profit for its industrial business on Thursday and said its factory hardware and software continued to witness strong demand. The company said in a statement it has seen growth in many markets despite a “continuing complex macroeconomic environment influenced by energy shortages and availability concerns […]

Siemens Automates Design Process for Testing New Chips with Advanced Packaging

Siemens Digital Industries Software, a unit of Siemens AG, on Monday said it launched new software called Tessent Multi-die that automates a design process for testing chips made with advanced packaging. While chips have traditionally been packaged with one silicon tile inside, as the industry faces challenges making features on these tiles smaller and smaller […]

Siemens and Nvidia Collaborate to Expand Digital Services

Siemens has signed a partnership agreement with chip designer Nvidia Corp to create an industrial metaverse – an enhanced virtual reality for companies to reduce the costs of running their factories, buildings and speed up new product design. The deal is a cornerstone of Siemens Xcelerator, a new open digital platform also launched by the […]

Siemens to Buy U.S. Software Company Brightly in $1.58 Billion Deal

Siemens is buying U.S. tech company Brightly Software from private equity owner Clearlake Capital for $1.58 billion, the German engineering group said on Monday, its latest move to broaden its software credentials and grow faster than rivals. Siemens Smart Infrastructure, which offers digital systems to manage buildings’ security and energy consumption, is buying Brightly to […]

Germany's Siemens to fulfill Australia coal mine contract

BERLIN (AP) — Germany’s Siemens has decided to stand by a contract linked to a coal mine in Australia that climate activists had called for it to drop. The German industrial conglomerate’s CEO, Joe Kaeser, had promised to review Siemens’ involvement in the project in light of climate activists’ opposition. But in a statement late […]