Schaeffler AG is a leading global supplier of precision bearings and automotive components, headquartered in Herzogenaurach, Germany. Founded in 1946 by brothers Dr. Wilhelm and Dr.-Ing. E.h. Georg Schaeffler, the company has evolved into a technology leader in motion and mobility. The FAG brand, originally founded in 1883 by Friedrich Fischer, became part of the Schaeffler Group in 2001. Schaeffler's core product portfolio includes rolling bearings, plain bearings, linear guidance systems, and precision components for automotive, industrial, and aerospace applications. In the automotive sector, it provides engine systems, transmission components, and chassis systems, including innovative mechatronic solutions. Although Schaeffler is not a semiconductor manufacturer, it integrates electronic sensors and control units into its mechatronic products, such as electric axle drives and hybrid modules. The group employs around 83,000 people worldwide and generated sales of approximately €15.8 billion in 2022. Schaeffler is a top-tier supplier in the global bearing market, with strong positions in both automotive OEM and aftermarket segments. With over 200 locations worldwide, the company continuously invests in digitalization and electrification trends. Its commitment to innovation is reflected in over 26,000 active patents and patent applications.