Siemens CEO: ‘very competitive’ in China as data centres boom

This article was published on August 6, 2026 Siemens is “very competitive, including in China,” its chief executive said, as a data-centre boom drove a second guidance raise this year. Investors wanted more, and sold the stock anyway. Roland Busch was in a confident mood. “We are very competitive, including in China,” the Siemens chief executive told Bloomberg Television. He pointed to new products that, he said, are “winning new customers and even winning customers back”. That is rare talk from a Western industrial giant in a market where Chinese rivals are on the march. He had reason to sound upbeat. Siemens raised a key earnings measure on Thursday for the second time this year. Every division grew, and a surge in data-centre spending lifted its infrastructure business. Then investors sold the shares down as much as 6.4%. The problem was expectations, not performance. Analysts had hoped the data-centre boom would show up more forcefully in the numbers. Siemens’s uplift “appears less pronounced than peers,” RBC Capital Markets wrote. Schneider Electric raised its own outlook last week on triple-digit data-centre demand, and ABB is riding the same wave. Siemens is still Germany’s