Eric A. Spiegel, CEO of Siemens at the 2015 SelectUSA Investment Summit
EO and President of Siemens, Eric A. Spiegel explains why America is an attractive location for foreign investors to expand and grow their business at the 2015 SelectUSA Investment Summit.
Transcript of this video –Â
0:06Â Well, I think, first of all you know it’s a big market, but more importantly,it’s an
0:10Â innovative market. This is really the home of innovation around the world now. I think
0:16Â it’s got low energy costs. It’s got lots of talent and it’s the home software in the world.
0:23Â And, one of the reasons we’re here in a big way is yes, it’s access to our customers;
0:28Â yes, energy costs are low, but more importantly for us, is almost all of our products now
0:34Â have software associated with them. We’re moving quickly into the digital economy. Not
0:39Â just on a consumer side, but on the industrial side and as we do that, you’re going to see
0:43Â productivity increase dramatically. 75 percent of the software, industrial software in the
0:48Â world is developed right here in the U.S. That gives the U.S. a big advantage in terms
0:52Â of attracting companies. If you want to be a part of the digital economy, particularly
0:56Â as it relates to the industrial world, you have to be here in the U.S. And, I think that’s