Siemens has inaugurated the first Siemens Technology Building (STC) complex on the Garching research campus, north of Munich, Germany.

The Garching research campus is one of the largest science, research and education centers in Europe, and represents a total investment of over €100 million. It represents a total investment of over 100 million euros.

Siemens will consolidate all its research activities in Germany in this center. Initially, around 450 Siemens employees will work on future technologies in collaboration with 150 scientists from the Technical University of Munich.

Research and development (R&D) expenditure has increased by around €600 million to around €6.2 billion in fiscal 2023.

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