SIEMENS AG SPONS ADR - SIEGY STOCK NEWS

Siemens Digital Industries Software has unveiled Catapult AI NN, a solution for synthesizing AI neural networks into hardware implementations on ASICs and SoCs. This software addresses inefficiencies in converting AI models into silicon-based designs, enhancing power, performance, and area (PPA) metrics. Developed in collaboration with Fermilab, Catapult AI NN integrates hls4ml with Siemens' Catapult HLS software. It allows AI models designed in popular frameworks like TensorFlow to be easily transformed into C++ and then into Verilog or VHDL for silicon implementation. Available for early adopters now and generally in Q4 2024, this solution promises significant efficiency and innovation in AI development.

Sony and Siemens are collaborating to introduce the NX Immersive Designer, a new spatial content creation system that integrates Siemens' Xcelerator software with Sony's XR head-mounted display (HMD), SRH-S1. The system is set to launch by the end of 2024. Sony improved its design productivity by 25% after implementing Siemens' NX software. The SRH-S1 features 4K OLED microdisplays and intuitive controllers, enabling immersive engineering and real-time global collaboration. The announcement was made at Realize LIVE in Las Vegas by Seiya Amatatsu from Sony's XR Technology Development Division.

Siemens announces a $150 million investment in a new manufacturing plant in Dallas-Fort Worth to support American data centers and critical infrastructure. The plant will produce electrical equipment to accelerate the growth of data centers and ensure secure operation of critical infrastructure. Siemens also plans to invest $220 million in a rail manufacturing facility in North Carolina, creating a total of around 1,700 jobs in the U.S.

Siemens and Infinite Acres have signed a Memorandum of Understanding (MoU) to establish a vertical farming Field-Lab and Experience Center in The Hague. This initiative aims to integrate Siemens’ advanced technology with Infinite Acres’ expertise in controlled environment agriculture. The collaboration intends to enhance vertical farming solutions globally, promoting sustainable food cultivation practices. The center will showcase innovative agricultural techniques, addressing challenges like soil degradation and water usage while ensuring quality and traceability of produce. Siemens' president emphasized the goal of making nutritious food accessible worldwide, highlighting the importance of technology and agricultural expertise working in tandem.

A collaboration between Siemens Healthineers and the University of California, San Francisco has demonstrated that medical facilities can significantly reduce carbon emissions and costs by optimizing MRI machine usage. The study, published in Radiology, highlights that hospitals can decrease power usage by 25-33% by turning off MRIs overnight and an additional 22-28% by enabling a 'power save' mode. This translates to annual savings of $1,717 to $2,943 per MRI. If outpatient MRIs in the U.S. adopted these methods, it could save enough energy to power 6,889 homes yearly. Siemens aims to further explore energy-efficient technologies in healthcare to support carbon-reduction targets, affirming its commitment to sustainability.

LeanTaaS and Siemens Healthineers have announced a strategic partnership aimed at enhancing operational performance in U.S. healthcare systems. This collaboration will leverage LeanTaaS’ AI and machine learning solutions to improve patient access, staffing satisfaction, and financial performance across Siemens’ network of over 3,000 health systems. The partnership addresses industry challenges like high inflation and labor shortages by transforming real-time data into actionable insights. Successful implementations, such as one with the Medical University of South Carolina, have demonstrated significant increases in patient access and operational efficiency.

Siemens Mobility is expanding its manufacturing footprint by investing $220 million in a new facility in Lexington, NC. This development is set to create over 500 jobs by 2028 and is projected to boost the state's economy by $1.6 billion over the next 12 years. Production is expected to commence in 2024, focusing on innovative and sustainable passenger trains to meet rising demand. The expansion, supported by the Bipartisan Infrastructure Law, highlights Siemens' commitment to American rail infrastructure and its significant investments totaling $3 billion in the U.S. over the past four years.

Siemens Healthineers has entered a multi-year Value Partnership with Atrium Health, committing over $140 million for advanced medical equipment. This collaboration aims to enhance healthcare access in rural and underserved areas, focusing on health equity and economic mobility. Key initiatives include improving healthcare infrastructure in states like North Carolina, South Carolina, Georgia, and Alabama, while leveraging AI technology for better patient outcomes. The partnership also seeks to develop the next generation of healthcare professionals and support innovative clinical care.

Siemens Healthineers has announced a ten-year Value Partnership with the University of Miami Health System to enhance healthcare delivery in Florida. This agreement includes the acquisition of advanced medical technology from Siemens and Varian, focusing on improving diagnostic and therapeutic treatments. Additionally, it aims to develop educational programs for healthcare professionals and new clinical strategies. This partnership signifies Siemens’ strong demand in the North American market, further solidifying its role in healthcare innovation.