Group 1 - The article emphasizes the importance of identifying undervalued companies across different continents, focusing on value and income as critical components of a contrarian investing thesis [1] - A preference for shareholder-friendly management teams is highlighted, indicating that management quality is a significant factor in investment decisions [1] - The author has over 15 years of experience researching the US and European markets, suggesting a deep understanding of these regions [1] Group 2 - The article does not provide any specific stock recommendations or investment advice, maintaining a neutral stance on the suitability of investments for particular investors [2][3] - There is a clear disclosure that the author has no current positions in any mentioned companies, reinforcing the independence of the analysis [2]

当身处成都高新区西门子工厂车间，在全自动化生产线上，几乎看不到多少操作工，只有少数工人在生产线后，操作鼠标、键盘，发出指令。 出品｜虎嗅智库 作者｜冀玉洁 头图丨西门子 这是西门子在中国的首座数字化工厂，也是WEF评选的数字化和可持续"双灯塔"工厂。这座"灯塔工厂"已经部署了近 100 个 AI 项目，应用在了质量检测、 垃圾处理等多个场景中。 成都工厂并非孤例。在西门子的南京工厂、安贝格、埃尔兰根工厂，都有数百台机器人穿梭其中，还有成千个不同的AI应用落地。 西门子早在20世纪70年代就已经开始布局AI领域，深度参与研究交互式、自动、自然语言问答系统，这比今天的很多人工智能公司成立时间都要早。2003 年，西门子创造性地用神经网络帮助企业进行技术优化。2010 年代起，西门子破译了AI在工业场景应用的复杂"密码"，加速AI落地千行百业：在汽车领 域，西门子帮助北京奔驰将AI与专家经验相结合，实现预测性维护；在光伏领域，西门子将AI与物联网技术相结合，实现了贯穿光伏电站全生命周期的智 能化运维管理…… 2022年之后，生成式AI得到空前关注，西门子也在探索如何将其落地工业场景。去年在汉诺威工博会上，西门子正式 ...

► 文 观察者网 齐倩 近期，国际经贸风云变幻，美国总统特朗普挑起的关税战冲击全球产业链。但在如此关税风暴下，来自日本、德国、美国等国家的汽车、 医药、化学等多行业企业纷纷宣布新的在华投资，其中包括丰田、日产、西门子、巴斯夫等行业巨头。 据各地政府网站和媒体消息，4月以来，多家行业巨头与中方达成新的合作协议。 4月22日，上海市人民政府与丰田汽车公司在沪签署战略合作协议，双方将在新能源汽车等领域加强合作，共同助力中国社会绿色低碳发 展。据介绍，此次丰田项目总投资146亿元，接下来将加速整个项目的审批进度。根据规划，预计今年6月份实现项目正式开工，2027年第 一台车正式下线。 《南华早报》称，这是特朗普发动关税战以来，外企宣布的最大一笔在华投资之一。 一周前（15日），这家日本汽车巨头还与四川蜀道投资集团及蜀道装备科技签署了一项价值2.36亿元人民币的协议，成立一家氢燃料电池 合资企业。 4月23日，另一家日本知名汽车制造商日产携其全新电驱化车型亮相2025上海国际车展，同时启动了新的全球战略，制定全球各区域市场 策略、根据市场需求打造产品组合，加强与本土伙伴合作。 日产携其全新电驱化车型亮相2025上海国际 ...

近几年，全球半导体市场风云突变：晶圆厂产能持续紧绷、部分车企因车规级MCU断供被迫 停产……当供应链中断与数据孤岛成为悬在企业"头顶"的达摩克利斯之剑，半导体企业如何 从"各自为战"走向"全链协同"？ 西门子半导体生命周期管理解决方案为您重构数字化的生存法则，帮您的企业打破数据孤 岛，用"一条链"贯穿产品全生命周期，实现业务体系的可持续发展。 从"芯慌"到"芯安"，构建供应链韧性 半导体企业正面临供应链脆弱性危机，且因无法证明可追溯性而陷入安全顾虑。西门子解决方案通 过集成供应链数据，实现从晶圆到终端产品的全生命周期追踪，提前预警关键物料短缺风险。 从"数据沼泽"到"决策飞轮"， 破解协作困局 企业依赖大量互不连通的系统，导致团队在孤岛中独立工作，引发冗余、兼容性问题和系统错误。 西门子解决方案支持跨全球站点和域的协作，简化工程、设计与制造规划，并确保工程与制造 BOM一致性，从而提升跨部门协作效率。 从"合规焦虑"到"安全护城河"， 筑牢知识产权防线 企业因使用多个系统管理数据，导致知识产权保护难度加大，且需应对日益严格的合规要求。西门 子通过集成电路（IC）制造规划，实施行业特定流程和数据模型，提升跨域可 ...

该收购是 西门子"ONE Te ch Company "计划的又一里程碑 ，通过将开放式数字商业平台西门子 Xc e l e r a t o r 扩展到生命科学软件领域，从而 提升客户关注度，加速创新，实现更高增长。 生命科学领域是西门子软件现有市场布局的有力补充， 将西门子数字化工业软件的总目标市场扩大 11 0 亿美元。 生命科学领域受结构性转变 驱动，包括老龄化社会带来的医药需求增长、药品可及性的提升、科技进步催生的新治疗选择，以及复杂价值链对于加强合作和可见性的迫切 需求等。这些趋势凸显了数字化转型的必要性， 预计未来五年内该领域在软件方面的支出将翻一倍。 收购带来显著协同效应 Do tma ti c s 预计将在 2 0 2 5 财年实现超 3 亿美元营收，拥有丰厚的利润，现金流生成能力强劲，调整后的息税折旧摊销前利润（EBITDA）超 过 4 0%。在产生协同效应之前，该公司中期阶段收入增长和高盈利能力将立即增加西门子的增长、息税折旧摊销前利润率和自由现金流。 西 门子预计将实现显著的收入协同效应 ：中期收入协同效应预计约为每年 1 亿美元，长期内将增至每年 5 亿美元以上。 根据惯例成交条件和适 ...

Core Viewpoint - Siemens is significantly impacted by tariffs imposed by the Trump administration, leading to a decline in its stock price by over 6% [1] Group 1: Company Overview - Siemens is a global company with 31% of its revenue coming from the Americas, including 26% from the U.S., 46% from Europe, and the remainder from Asia [2] - The company's manufacturing footprint includes 25% of its factories in the Americas, 48% in Europe, and the rest in Asia [2] Group 2: Tariff Impact and Strategic Position - The ability to produce and sell locally provides Siemens with a strategic advantage in managing tariff actions, as evidenced by its recent acquisitions, including Altair for $10 billion and Dotmatics for $5.1 billion [3] - Despite its global supply chain, which is vulnerable to tariff-related costs, Siemens' investments in the U.S. may help mitigate some negative impacts [3][4] Group 3: Economic Outlook - Any slowdown in the global economy due to trade disputes is likely to affect Siemens' orders, particularly in sectors like industrial software, automation, smart buildings, and transportation [4] - The long-term effects of the tariffs remain uncertain, and it is premature to assess their ultimate impact on Siemens [4]

Core Insights - Siemens is acquiring Dotmatics, a US software company, for $5.1 billion to enhance its capabilities in artificial intelligence for drug discovery [1][2] - The acquisition is part of Siemens' strategy to expand into the Life Sciences sector, addressing the growing need for medication innovation as populations age [2] - Siemens anticipates that Dotmatics will be immediately profitable, generating $100 million in annual revenue in the mid-term and potentially increasing to $500 million in the long-term [3] Company Overview - Dotmatics, founded in 2005, employs 800 people and is recognized as a leader in R&D software, utilizing AI to accelerate drug research [4] - Siemens, the second-largest company in Germany by market capitalization, has been experiencing increased revenues from its software division, particularly as its digital products for factories face challenges [4]

Group 1 - Siemens Group announced a global layoff of over 6,000 employees, with approximately 2,850 positions cut in Germany, to address challenges from weak demand in certain business sectors and enhance competitiveness [1] - The layoffs primarily affect the digital industries sector, specifically the automation business, which will see around 5,600 job cuts by the end of fiscal year 2027 [1] - The electric vehicle charging division will also reduce its workforce by about 450 employees by the end of fiscal year 2025 [1] Group 2 - Siemens has experienced a decline in orders and revenue in its automation business in the German market over the past two years due to weak demand [1] - Currently, Siemens employs approximately 312,000 people globally, with around 86,000 employees based in Germany [1] - The global workforce for the automation business is about 68,000, while the electric vehicle charging division has over 1,300 employees [1]

Core Insights - Siemens plans to cut over 6,000 jobs globally due to weak demand and increased competition, particularly in China and Germany [1][2] - The job reductions represent about 2% of Siemens's global workforce, primarily affecting the factory automation unit and a smaller portion in the electric vehicle charging business [2][4] Group 1: Job Cuts and Affected Units - Approximately 5,600 job cuts will occur in the automation business, which includes robotics and industrial software, with about half of these roles lost in Germany [4] - The vehicle charging business will see a reduction of 450 positions from a total of 1,300 employees worldwide by the end of the current financial year [5] Group 2: Market Conditions and Financial Impact - Demand in key markets, particularly China and Germany, is described as muted, leading to reduced orders and revenue in the industrial automation sector [2][6] - Siemens's earnings were negatively impacted by issues in the automation unit, with quarterly operating profit declining to 2.5 billion euros ($2.7 billion) from 2.7 billion euros a year earlier [4] Group 3: Strategic Focus and Future Plans - The company aims to strengthen future competitiveness and enable investments in growth markets through these job cuts [3] - Siemens plans to shift focus in its vehicle charging business towards fast-charging infrastructure due to limited growth potential for low-power charging stations [5]

Core Insights - Siemens plans to invest $285 million in manufacturing in the United States, including two new facilities in California and Texas [1][4] - The total investment by Siemens in the U.S. will exceed $100 billion over the last 20 years, with this year's investment contributing significantly to that figure [2][3] - The new facilities are expected to create over 900 skilled manufacturing jobs and will support various sectors, including commercial, industrial, and construction [4] Investment Details - The recent investment marks more than $10 billion in total investments in the U.S. by Siemens [2] - The two new manufacturing facilities will be located in Fort Worth, Texas, and Pomona, California [4] - The equipment produced will also support AI data centers, enhancing America's capabilities in artificial intelligence [4] Leadership Statements - Roland Busch, president and CEO of Siemens AG, emphasized the company's belief in the strength of America's industry and the importance of innovation [3] - The announcement coincides with significant investments from other companies, such as Taiwan Semiconductor Manufacturing Co., which plans to invest an additional $100 billion in the U.S. [3]