To Rival Silicon Valley?

Good luck with that. Honest. It’s great that big industry finally wants to pump some money into Berlin again but keep your pants on already, Siemens.

Siemensstadt

The German engineering giant has unveiled plans to build a huge innovation campus in Berlin, harking back to its early days in the German capital and aiming to rival Silicon Valley in the United States.

Investment in a new campus to be called Siemensstadt 2.0 (Siemens City 2.0) will come in at €600 million ($680 million) on offices and residential accommodation, as well as laboratories and production plants, according to an agreement signed by Berlin Mayor Michael Müller and Siemens executive member Cedrik Neike on Wednesday.

The plan is to transform the historic Siemens site in Berlin-Spandau into a location for research and startup centers by 2030.

Der Weltkonzern baut in Berlin für 600 Millionen Euro seinen Zukunfts-Campus. Mit 2000 Wohnungen, Forschungslabors, Geschäften, Schulen und eigenem S-Bahn-Anschluss

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