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Siemens plans to expand its operations in Saskatoon by hiring 50 information technology personnel to meet rising global demand for semiconductors and chip design software. This initiative aims to position Saskatoon as Saskatchewan's tech hub.

The company develops specialized software for chipmakers, which plays a critical role in manufacturing everyday electronic devices. Siemens projects the global semiconductor market will grow from $700 billion to $1.4 trillion by 2030, largely due to AI advancements. Siemens has increased its local workforce from 50 to 350 since acquiring Solido Design Automation in 2017 and seeks to strengthen ties with the University of Saskatchewan through recruitment and research collaborations.