Siemens CEO on Geopolitics, Energy, Electric Aviation

The transcript discusses Siemens' response to the US-China trade war, emphasizing the importance of localization and innovation. Siemens is adapting to geopolitical challenges by focusing on customer needs and maintaining strong positions in medical and industrial automation sectors. The company is also addressing job cuts while hiring in key areas. Siemens' strategy includes splitting its industrial and power businesses to better align with market demands. Additionally, Siemens has pioneered electrification in aviation but chose to collaborate with partners like Rolls Royce to avoid competing with its customers.

What are the current effects of the trade war between the United States and China on Siemens?

How is Siemens adapting to the changes in customer behavior due to geopolitical concerns?

What strategies does Siemens employ to localize innovation and production?

How does Siemens view the future of job cuts and hiring within the company?

What challenges is Siemens facing in the power generation and energy business?

What role does Siemens play in the industrial automation sector?

Why did Siemens decide to sell its electrification business in the aviation sector?