Siemens and Intel Inked Pact to Boost Semiconductor Manufacturing

Leading technology company Siemens AG and Intel Corporation, one of the world's largest semiconductor companies, entered into an agreement to collaborate on promoting the digitization and sustainability of microelectronics manufacturing. The companies will focus on advancing future manufacturing efforts, evolving factory operations and cybersecurity, and supporting a resilient global industry ecosystem.

Semiconductors are the lifeblood of our modern economies. And some things run without chips. That's why we're proud to collaborate with Intel to speed up semiconductor production.

Cedric Nieke, CEO of Digital Industries and a member of the Managing Board of Siemens AG  said Siemens will bring its entire state-of-the-art portfolio of IoT-enabled hardware and software and electrical equipment to this collaboration. "Our joint efforts will contribute to achieving global sustainability goals. "

The agreement identifies key areas of cooperation to explore various initiatives including optimizing energy management and addressing carbon footprints across the value chain. For example, the collaboration will explore the use of a "digital twin" of complex, highly capital-intensive manufacturing facilities to standardize solutions where every percentage of the efficiency achieved is meaningful.

The collaboration will also explore reducing energy use through advanced modelling of natural resources and environmental footprints across the value chain. To gain more information on product-related emissions, Intel will explore product and supply chain-related modeling solutions with Siemens that provide data-based insights and help the industry accelerate progress in reducing its collective footprint.

Keevan Esfarjani, Intel's executive vice president and chief global operating officer said the world needs a more globally balanced, sustainable and resilient semiconductor supply chain to meet the growing demand for chips. and are excited to build on Intel's advanced manufacturing capabilities by expanding our collaboration with Siemens to explore new areas where we can use the Siemens portfolio of automation solutions to increase efficiency and sustainability in semiconductor infrastructure, facilities and factory operations." The agreement will benefit regional and global industry value chains.

Sustainable practices are critical throughout the entire semiconductor life cycle, including design, manufacturing, operation, efficiency, and recycling to meet the growing demand for powerful sustainable chips. The technology has the power to accelerate solutions to mitigate computing-related climate impacts on the technology industry and the rest of the global economy. And as the industry moves toward net-zero greenhouse gas emissions, automation and digitalization are key to addressing the challenges. By combining their strengths and expertise, Siemens and Intel are poised to play a leading role in driving positive change.

About Siemens AG:

Siemens AG is a leading technology company, focused on industry, infrastructure, transportation, and healthcare. From more resource-efficient factories, flexible supply chains, and smart buildings and grids to cleaner and more comfortable transportation as well as advanced health care, the company creates technology aimed at adding real value to customers. By combining the real and digital worlds, Siemens empowers its customers to transform their industries and markets, helping them transform the everyday lives of billions of people. Siemens also holds a majority stake in the publicly listed company Siemens Healthiniers, the world's leading medical technology provider, shaping the future of healthcare. In the fiscal year 2023 which ended on 30 September 2023, Siemens Group generated revenue of €77.8 billion and net income of €8.5 billion. As of 30 September 2023, the company employed approximately 320,000 people worldwide.