Siemens CEO Roland Busch Says Nvidia Projects Will Continue Regardless of Jensen Huang's Future

Siemens Chief Executive Roland Busch said the company will keep working with Nvidia regardless of what the AI chipmaker decides about founder and CEO Jensen Huang. Busch spoke to reporters after Siemens' fourth-quarter results, Channel NewsAsia reported on November 12, 2026.

Busch's Comments on the Nvidia Partnership

Nvidia's board is weighing whether to remove Huang as the company deals with the fallout from reports of two extramarital affairs involving its longtime leader, one with an alleged Chinese spy. Busch said the collaboration between Siemens and Nvidia, which includes joint projects, does not hinge on Huang's fate.

"We are talking about a relatively big company with a large team," Busch told reporters. "So the projects we have, they will continue independently of what's happening at Nvidia."

Busch said Nvidia personnel work alongside Siemens staff on joint projects. "I believe that we are too much focused on one individual. And that is, of course, the result of all the hype in the media," he said. "We have Nvidia people working together with us on our side. We have joint projects. And honestly, I don't see any kind of influence. It's a partnership between companies."

Nvidia's board deliberations were also noted by TradingView, which said the board is considering ousting Huang over the two affairs.

Siemens' Recent Deal Activity

Siemens' partnership activity has spanned several regions, according to akta.pro company records. In June 2026 the company formalized a €365 million Germany-Nigeria partnership supporting the Presidential Power Initiative to expand Nigeria's electricity grid capacity to 25 gigawatts, including a €300 million export credit guarantee framework. The same month, Siemens entered a strategic partnership with Naver Cloud to combine its automation, digital twin and industrial AI solutions with Naver Cloud's infrastructure for South Korean manufacturers.

Siemens' Record Profit Year

The Times of India reported on November 12, 2026 that Siemens posted record annual profit of 13.3 billion euros, up 13% year-on-year, driven by AI data centre demand, and raised its long-term sales growth target to 7-11% annually and EPS growth to at least 10%. Wiwo reported the same day that Siemens had a record year but lower profit, nearly a billion euros less than expected, with the shortfall stemming from a special effect.

Lauterbach Acquisition Agreement

On November 10, 2026, PR Newswire reported that Siemens signed an agreement to acquire Lauterbach, a provider of debug and trace solutions for embedded software and SoC architectures, to expand its portfolio for semiconductor design and verification.