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Investing in Innovation, Siemens Shares a Vision for a Brighter Future

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As part of its flagship innovation conference in the U.S., held in Orlando this month, Siemens CEO Barbara Humpton reinforced the company’s commitment to contributing to the U.S. economy and the creation of modern jobs as technology continues to shape the future in America, and globally.

Siemens has done business in the United States for more than 160 years, and in just the past 15 years, the company has invested over $40 billion in the U.S. which serves as a major center for its manufacturing and workforce.

Each year, Siemens exports more than $5 billion worth of products from its largest market around the world.  Siemens has more than 36,000 suppliers in the U.S. – approximately 20% of which are small and medium enterprises.

Humpton explained how Siemens is expanding technology and supporting innovations by investing in the R&D sector. “We are constantly in quest of connecting the physical and digital world,” she said. “Cities are finding that carbon emissions reduction is within reach.”

Siemens has more than 50,000 employees in all 50 states and Puerto Rico, and while they have announced layoffs over the past year or so, Humpton expects to see growth in their workforce given the uptake of their newest products and services, including the MindSphere IoT platform.

Siemens recently broke ground on a major expansion of a key Siemens Healthineers manufacturing and R&D facility for laboratory diagnostics in Walpole, Massachusetts that will create up to 700 new high-tech jobs over the next 10 years, as one example. This $300 million investment further cements Siemens’ focus on its largest market, which Humpton is leading as one of the top CEO’s in the country - and the world.

The company says, “Siemens Healthineers is uniquely positioned to solve healthcare providers' system-wide and departmental challenges throughout the patient care journey with its medical technology that offers solutions for disease prevention through diagnosis and treatment.”

You can learn more about Barbara Humpton and her vision for Siemens and the U.S. economy here.

Bringing together many of the country’s foremost industry leaders, technologists, mayors, innovators, and even a stuntman-turned-CEO, Spotlight on Innovation is a real-world look at the technologies spanning topics like the gamification of manufacturing, cyber security, city infrastructure, AI and the digital twin that are helping businesses and cities around the world unlock their potential.




Edited by Ken Briodagh

Analyst & Consultant

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