TE Connectivity

{{Infobox company

| name = TE Connectivity plc

| logo = TE_Connectivity_logo.svg

| type = Public

| traded_as = {{ubl|{{NYSE|TEL}}|S&P 500 component}}

| former_name = {{ubl|TE Connectivity Ltd.|Tyco Electronics Ltd.|AMP Incorporated}}

| key_people = Terrence Curtin (CEO)

| industry = electronics industry

| products = electronics, electronic components, networking, connector systems, sensors

| revenue = {{decrease}} {{US$|15.85 billion|link=yes}} (2024)

| operating_income = {{increase}} {{US$|2.796 billion}} (2024)

| net_income = {{increase}} {{US$|3.193 billion}} (2024)

| assets = {{increase}} {{US$|22.85 billion}} (2024)

| equity = {{increase}} {{US$|12.36 billion}} (2024)

| num_employees = 87,000 (2024)

| founded = {{Start date and age|2007}}

| hq_location = {{plainlist|

Galway, Ireland (incorporation)
Berwyn, Pennsylvania, United States (executive)}}

| website = {{URL|te.com}}

| footnotes = {{cite web |title=TE Connectivity FY 2024 Annual Report (Form 10-K) |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1385157/000155837024015227/tel-20240927x10k.htm |publisher=U.S. Securities and Exchange Commission |date=12 November 2024}}

}}

File:TycoElectronicsMarkham.jpg

TE Connectivity plc{{Cite web |title=TE Connectivity: Connectors & Sensors for Harsh Environments |url=https://www.te.com/usa-en/home.html |access-date=2023-06-26 |website=TE Connectivity: Connectors & Sensors for Harsh Environments |language=en}} is an American-Irish domiciled technology company that designs and manufactures electrical and electronic components. It serves several industries, including automotive, aerospace, defense, medical, and energy.

TE Connectivity has a global workforce of 89,000 employees, including more than 8,000 engineers. The company serves customers in approximately 140 countries.{{Cite web |title=Get to Know TE Connectivity |url=https://www.te.com/en/about-te/our-company.html |access-date=2024-07-07 |website=Get to Know TE Connectivity |language=en}}

History

File:Nedap ESD1 - AMP connector-8588.jpg

In 1941, Aircraft and Marine Products (AMP) was founded to make solderless electrical connections for quick and removable wire connections used for aircraft and ships. After the war time boom, the company had to adapt to the post-war economy, and in 1956, the name of the company was changed to AMP Incorporated when it re-incorporated.[http://www.fundinguniverse.com/company-histories/amp-incorporated-history/ AMP Incorporated – History; Funding Universe.][https://books.google.com/books?id=dW4vBQAAQBAJ&dq=berg%20aquired%20by%20amp&pg=PA76 AMP Incorporated; Profile of the European Connector Industry; 6th Ed; 1995] {{ISBN|1-85617-254-6}}. In 1999, Tyco International acquired AMP Incorporated.{{cite web|url=https://www.nytimes.com/1999/04/06/business/tyco-completes-acquisition-of-amp.html |title=Tyco Completes Acquisition of AMP|work= New York Times|date= April 6, 1999|access-date=October 12, 2016}}

In September 2002, the CEO (L. Dennis Kozlowski) and CFO (Mark H. Swartz) of Tyco International Ltd. were indicted on charges including fraud, racketeering, stock manipulation, and more, amounting to more than 600 million dollars of theft.{{Cite news | url=https://www.nytimes.com/2002/09/13/business/2-top-tyco-executives-charged-with-600-million-fraud-scheme.html | title=2 Top Tyco Executives Charged with $600 Million Fraud Scheme| newspaper=The New York Times| date=13 September 2002| last1=Sorkin| first1=Andrew Ross}}

In July 2007, Tyco separated into three publicly independent companies, Covidien Ltd (formerly Tyco Healthcare), Tyco Electronics Ltd, and Tyco International Ltd (formerly Tyco Fire & Security and Tyco Engineered Products & Services (TFS/TEPS)).[http://www2.tyco.com/wps/wcm/connect/tyco+who+we+are/Who+We+Are/History/ Tyco History]

In 2010, the company's Tyco Telecommunications division, which provided and installed submarine communications cables, was renamed to Tyco Electronics Subsea Communications.{{cite press release |url=https://www.te.com/usa-en/about-te/news-center/corporate-news/2010/2010-03-16-tyco-telecommunications-renamed-tyco-electronics-subsea-communications.html |title=Tyco Telecommunications Renamed Tyco Electronics Subsea Communications |publisher=Tyco Electronics |date=16 March 2010 |access-date=19 November 2023}}

On March 10, 2011, Tyco Electronics Ltd changed its name to TE Connectivity Ltd., which the company said felt more relevant to its position as a connectivity and sensor component manufacturer.{{cite press release|title=Tyco Electronics Is Now TE Connectivity Ltd. |publisher=TE Connectivity |date=10 March 2011|url=http://teconnectivity.mediaroom.com/index.php?s=28396&item=83412 |access-date=10 March 2011}}{{Citation |author=Seth Jayson |date=26 February 2011 |title=Does Tyco Electronics Miss the Grade? |publisher=The Motley Fool |url=http://www.fool.com/investing/general/2011/02/26/does-tyco-electronics-miss-the-grade.aspx}}

On August 28, 2015, TE Connectivity announced that it has completed the sale of its broadband-networks business to CommScope Holding Co. for about US$3 billion.[http://www.te.com/content/dam/te-com/documents/about-te/marketing/global/news-center/TE%20Connectivity%20News%20Release%20Close%20of%20BNS%20FINAL.pdf te.com]

On February 12, 2025, TE Connectivity announced its intent to acquire Richards Manufacturing, a manufacturer of overhead and underground electrical and gas distribution products, for approximately US$2.3 billion.{{Cite web |title=TE Connectivity to acquire Richards Manufacturing to expand position in fast-growing energy market {{!}} TE Connectivity |url=https://www.te.com/en/about-te/news-center/corporate-news/2025/2025-02-12-te-connectivity-to-acquire-richards-manufacturing-to-expand-position-in-fast-growing-energy-market.html |access-date=2025-03-17 |website=TE Connectivity to acquire Richards Manufacturing to expand position in fast-growing energy market |language=en}}

Products and services

TE Connectivity's product portfolio is focused on connectors and sensors{{cite web|last1=DiStefano|first1=Joseph N.|title=Sensors, switches, perilous places are the job at TE Connectivity|url=http://www.philly.com/philly/business/20161120_Sensors__switches__perilous_places_are_the_job_at_TE_Connectivity.html|website=The Inquirer|date=20 November 2016 |access-date=6 December 2017|ref=19}} that are made to withstand harsh environments.{{cite web|last1=Prasanna|first1=Rajagopal|title=TE Connectivity: An Evolving Diversification Story|url=https://seekingalpha.com/article/4034666-te-connectivity-evolving-diversification-story|website=Seeking Alpha|date=5 January 2017 |access-date=6 December 2017|ref=11}} The company operates three primary segments.{{cite web|last1=Zacks Equity Research|title=TE Connectivity (TEL) Q4 Earnings & Sales Top, View Upbeat|url=http://www.nasdaq.com/article/te-connectivity-tel-q4-earnings-sales-top-view-upbeat-cm869704|website=NASDAQ|access-date=6 December 2017|ref=10}}

=Communications =

TE Connectivity's communications segment supplies electronic components for home appliances, including products for washers, dryers, refrigerators, air conditioners, dishwashers, cooking appliances, water heaters, and microwaves.

=Transportation =

TE Connectivity's transportation segment includes four business units: automotive, industrial and commercial transportation, application tooling, and sensors.

TE's products are used by the automotive industry for vehicle body and chassis systems, convenience applications, driver information, infotainment, motor and powertrain applications, and safety and security systems. Hybrid and electronic mobility include in-vehicle technologies, battery technologies,{{cite web|last1=GITLIN|first1=JONATHAN M.|title=Inside Formula E's push for ever-better electric motors with Andretti and TE Connectivity|url=https://arstechnica.com/cars/2017/04/inside-formula-es-push-for-ever-better-electric-motors-with-andretti-and-te-connectivity/?_sm_au_=iHVSsRq4Dkt1vWM7|website=ARS Technica|date=27 April 2017|access-date=6 December 2017|ref=14}} and charging. In addition, TE's products are used for on-highway vehicles, off-highway vehicles and recreational transportation, including construction, agriculture, buses, and other vehicles.{{cite web|last1=Ross|first1=Philip E.|title=Formula E Comes to Brooklyn|url=https://spectrum.ieee.org/formula-e-in-brooklyn|website=IEEE Spectrum|access-date=6 December 2017|ref=15}}

TE offers sensors for industries including automotive, industrial equipment, commercial transportation, medical, aerospace and defense, and consumer applications.

=Industrial =

The industrial segment supplies products for factory automation and process control systems such as industrial controls, robotics, human machine interface, industrial communication, and power distribution. TE's building products are used to connect lighting, HVAC, elevators/escalators, and security. Its rail products are used in high-speed trains, metros, light rail vehicles, locomotives, and signaling switching equipment.{{cite web|title=TE Connectivity: Innovative Rail Solutions Throughout the Train|url=https://www.railway-technology.com/contractors/cables/teconnectivity/|website=Railway Technology|access-date=6 December 2017|ref=16}} Also, its products are used by the solar and lighting industry.

TE's products are used by the medical industry in imaging, diagnostic, therapeutic, and surgical applications.{{cite news|title=TE Connectivity pushes into medical devices with Creganna buy|url=https://www.reuters.com/article/us-creganna-m-a-te-connectiv/te-connectivity-pushes-into-medical-devices-with-creganna-buy-idUSKCN0VB15E|website=Thomson Reuters|date=2 February 2016|access-date=6 December 2017|ref=17}}

TE Connectivity provides components for the commercial aerospace industry{{cite web|last1=Ren|first1=Daniel|title=TE Connectivity eyes more supply and design work for China's widebody C929 aircraft|url=http://www.scmp.com/business/companies/article/2111598/te-connectivity-eyes-more-supply-and-design-work-chinas-widebody|website=South China Morning Post|date=18 September 2017|access-date=20 September 2017|ref=18}} from the initial stages of aircraft design to aftermarket support. TE's defense products include ruggedized electronic interconnects serving military aviation,{{cite web|last1=Fuller|first1=S.L.|title=Are Drones the Next Frontier for Artificial Intelligence?|url=http://www.aviationtoday.com/2017/09/01/drones-next-frontier-artificial-intelligence|website=Aviation Today|date=September 2017|access-date=6 December 2017|ref=19}} marine, and ground vehicles including electronic warfare and space systems. The segment also provides a wide range of relays and contactors for commercial and defense aerospace markets.{{cite web|last1=L|first1=R|title=Relays & Contactors |url=http://www.mouser.com/new/te-connectivity/te-connectivity-relays-contactors|website = Mouser|date=January 2024|access-date=20 January 2024|ref=22}} Its oil and gas products include cables and electronics used for subsea environments in the offshore oil and gas and civil marine industries and in shipboard, subsea, and sonar applications.{{Citation needed|date=July 2020}}

TE Connectivity has produced CPU sockets compatible with Intel processors, such as LGA 771 CPU sockets.