Siemens is to expand its American manufacturing facilities to meet the future demands of high-speed rail in response to the federal government's recent investment.
Siemens makes trains capable of 220mph, which operate in Germany, China, Russia and Spain, as well as another train that reaches between 110 and 125mph.
California and Florida have already shown interest in ultra-high speed trains, while the slower varieties are more suitable for the rail corridors in the Midwest.
President of Siemens Mobility in the US Oliver Hauck praised President Obama's commitment to high-speed rail and said the company was ready to bring its proven product to America and to produce it there as well.
Japan's bullet train manufacturers are also very interested in selling their product in America.
To meet any future demand Siemens has purchased an additional 20 acres of land adjacent to its existing light rail facility in Sacramento, California.
Siemens employs 700 people at this facility, which recently underwent a $26m expansion, and is the only permanent manufacturer based in the US.
Last month it was announced Siemens would lead the consortium involved in the $321m upgrade of the Port Authority of New York and the Trans-Hudson PATH train system in New Jersey.