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


The logo of Schneider Electric is pictured at the Global Industrie exhibition in Villepinte near Paris, France, March 26, 2024. REUTERS/Benoit Tessier/ File Photo

(Reuters) - 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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

OpenAI indefinitely pauses plans to release erotic chatbot, FT says
US jury verdicts against Meta, Google tee up fight over tech liability shield
Rohm, Toshiba, Mitsubishi Electric to begin power chip integration talks, Nikkei says
South Korea to invest $166 million in AI chip startup Rebellions
In NYC classes, teachers can use AI to plan but not to assign grades
Google top India counsel quits in latest departure amid regulatory hurdles, sources say
Uber, Pony.ai and Verne team up to launch Europe's first robotaxi service in Croatia
The EU’s biggest test for device makers: Replaceable batteries
US activists work to connect Iranians via Starlink
New on the iPhone: Shazam songs even when offline with iOS 26.4

Others Also Read