SIEGY Stock Recent News

Shares in German industrial giant Siemens (SIEGY -6.48%) were down by more than 6% in trading as of 3 p.m. ET Thursday due to the tariffs imposed on foreign countries by the Trump administration.

Germany group Siemens said on Wednesday it is buying Dotmatics, a US software company, for $5.1 billion to leverage its use of artificial intelligence to make drug discoveries.

The deal extends Siemens's artificial-intelligence-powered product-lifecycle-management portfolio and increases the company's total addressable market in industrial software by $11 billion.

Siemens AG said on Wednesday it will acquire U.S.-based Dotmatics for $5.1 billion from Insight Partners.

Siemens CEO Roland Busch discusses the impact of tariffs on the business and broader economy.

Siemens is seeing some hesitancy among customers in the United States due to political uncertainties, Chief Financial Officer Ralf Thomas said on Wednesday, although he does not expect the situation to last.

German industrial giant Siemens said Tuesday it planned to cut over 6,000 jobs worldwide due to weak demand and increasing competition in China and in its home market.

The German industrial conglomerate said the measures will affect around 5,600 jobs worldwide in the automation segment and around 450 jobs globally in the electric-vehicle charging business.

Siemens will cut 5,600 jobs from its flagship digital industries business, the German engineering company said on Tuesday, saying it was adjusting its production capacity in line with lower demand.

OPmobility, a world leader in sustainable mobility, is adopting Teamcenter X, the cloud-enabled Product Lifecycle Management (PLM) software from the Siemens Xcelerator portfolio OPmobility will use Teamcenter as its single backbone, helping to optimize work efficiency and project lead-times and contribute to the transformation of the product design processes in a rapidly changing automotive industry PLANO, Texas , March 12, 2025 /PRNewswire/ -- Siemens announced today that OPmobility is partnering with Siemens to adopt its Teamcenter® X Product Lifecycle Management software. OPmobility's increasingly complex products now include electronics and software, to create intelligent exterior and complex lighting systems, as well as energy storage systems, which include battery and hydrogen electrification solutions in addition to fuel tanks.