Schneider Electric has announced plans to invest more than$700 million into its US operations over the next two years to support the rising energy demands driven by AI technology.
The French firm aims to boost manufacturing capacity and enhance the country's energy resilience.
The expansion includes new and upgraded facilities across states like Texas, Ohio, and the Carolinas, with over 1,000 new jobs expected. Combined with previous spending, Schneider's total US investment this decade will exceed$1 billion.
The move also comes amid ongoing trade tensions and tariff threats, which have prompted many global firms to shift production back to US soil.
Schneider says the investment marks a turning point for American industry, driven by AI's rapid growth.
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