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NEW YORK, April 22, 2025 /PRNewswire/ -- According to a new comprehensive report from The Insight Partners, the Industrial Automation Control Market is observing significant growth owing to the constant rise in labor costs and need for accuracy in production and widespread adoption of industrial automation control in diverse industries. The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the Industrial Automation Control Market comprises a vast array of system and end user which are expected to register strength during the coming years. To explore the valuable insights in the Industrial Automation Control Market report, you can easily download a sample PDF of the report - https://www.theinsightpartners.com/sample/TIPTE100001043/ Overview of Report Findings For Detailed Industrial Automation Control Market Insights, Visit: https://www.theinsightpartners.com/reports/industrial-automation-control-market Market Segmentation Competitive

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.