According to the 2007 Scoreboard, companies have increased their R&D investment by 10%. Three EU companies keep a position within the top 10 R&D ranking: DaimlerChrysler (5th), GlaxoSmithKline (7th) and Siemens (8th). Results also show that EU-based companies have increased their R&D by 7.4%, compared with 5.3% in the 2006 Scoreboard. By sectors, pharmaceuticals & biotechnology becomes the top R&D investing sector, overtaking the technology hardware & equipment sector. On the downside, the report shows that EU companies continued to grow their R&D investment at a lower rate than companies in the rest of the world.