Roland Busch

And we have also machine learning and KIE experts who are doing research there, AI experts.

So that's roughly how the company runs.

And then talking about regions, we have in total, including House In-Ears now, 320,000 people.

You have 45,000 sitting in the United States, 30,000 in China, 35,000 in India, roughly 85,000 in Germany.

Still, it's a German company.

There's a lot of manufacturing here.

This is a constant discussion because we have very strong regional leads.

We have strong businesses.

So this is a matrix and every company has this matrix.

And the first question is, which one is the...

predominant line is it the business or the regions in our case is a clear answer it's the businesses so the business have the full pnl regions are the let's say the second derivative behind it still very strong region if you have in some businesses let's take for example our low voltage business switching technology low voltage this business is

fully run by regions so you have independent you have China you have United States you have Europe and these are this is their P&L so roll it up by regions if you talk about automation the next level is still I mean it's motion control for machine builders it's factory automation it's process automation and

Then come the regions.

So therefore, you still have a different kind of setup depending on the business, how we serve technologies.

And then the third dimension, just to make it a little bit more complicated for you, is the verticals.

Because factory automation, take factory automation, which is maybe the strongest automation business we have got.

They run into any kind of factory automation you can imagine.

I mean, the discrete and hybrids, I mean, food and beverage, automotive, machine.

Machine builders is by machine control is another one.

But then you have a lot of battery manufacturing and the like, semiconductors.