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Siemens targets up to 80% factory automation with AI, board member says

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In short

Siemens aims to automate up to 80% of factory operations by 2030, with a €500 million investment in its Erlangen electronics plant by 2030, aiming to preserve manufacturing jobs in high-wage countries by boosting factory automation to as much as 80%.

Key points

  • Siemens aims to automate up to 80% of factory operations by 2030.: Siemens aims to automate up to 80% of factory operations by 2030.
  • €500 million investment in Siemens' Erlangen electronics plant.: €500 million investment in Siemens' Erlangen electronics plant.
  • Aim to raise the level of automation from 40% to 80% over the next decade.: Aim to raise the level of automation from 40% to 80% over the next decade.

Sources checked by our analysis pipeline: 1

Erlangen, GERMANY, Oct 19 : AI could help preserve manufacturing jobs in high-wage countries such as Germany by boosting factory automation to as much as 80 per cent, Siemens executive board member Cedrik Neike said on Monday.

Speaking at the company's electronics plant in Erlangen, Neike said manufacturers need annual productivity gains of 7 per cent-9 per cent to remain competitive.

• Siemens aims to harness AI to raise the level of automation in factory manufacturing to 70 per cent-80 per cent from 30 per cent-40 per cent currently, Neike said.

• Siemens and Nvidia are working on the use of "physical AI" in manufacturing, using digital twins and AI models to simulate and optimise factory operations before they are deployed on the factory floor.

• The German engineering company aims to turn its Erlangen electronics plant into a showcase for AI-powered manufacturing and will invest €500 million ($561 million) to expand the site by 2030.

($1 = 0.8909 euros)

Original source: www.channelnewsasia.com

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