TE Connectivity

TE Connectivity plc
Formerly
  • TE Connectivity Ltd.
  • Tyco Electronics Ltd.
Company typePublic
Industryelectronics industry
Founded2007; 17 years ago (2007)
Headquarters
Key people
Terrence Curtin (CEO)
Productselectronics, electronic components, networking, connector systems, sensors
RevenueDecrease US$15.85 billion (2024)
Increase US$2.796 billion (2024)
Increase US$3.193 billion (2024)
Total assetsIncrease US$22.85 billion (2024)
Total equityIncrease US$12.36 billion (2024)
Number of employees
87,000 (2024)
Websitete.com
Footnotes / references
[1]
Tyco Electronics office

TE Connectivity plc[2] is an American-Irish domiciled technology company that designs and manufactures electrical and electronic products for 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.[3]

History

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AMP connector

In 1941, Aircraft and Marine Products (AMP) was founded with electrical connections lacking solder for quick and removable wire connection 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 incorporated.[4][5] In 1999, Tyco International acquired AMP Incorporated.[6]

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.[7]

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)).[8]

In 2010, the company's Tyco Telecommunications division, which provided and installed submarine communications cables, was renamed to Tyco Electronics Subsea Communications.[9]

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.[10][11]

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.[12]

Products and services

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TE Connectivity's product portfolio is focused on connectors and sensors[13] that are made to withstand harsh environments.[14] The company operates three primary segments.[15]

Communications

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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

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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 body and chassis systems, convenience applications, driver information, infotainment, miniaturization, motor and powertrain applications, and safety and security systems. Hybrid and electronic mobility include in-vehicle technologies, battery technologies,[16] 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.[17]

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

Industrial

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The industrial segment supplies products that connect and distribute power, data, and signals. Products are used in factory automation and process control systems such as industrial controls, robotics, human machine interface, industrial communication, and power distribution. TE's intelligent 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.[18] Also, its products are used by the solar and lighting industry.

TE's products are used by the medical industry in imaging, diagnostic, therapeutic, surgical, tubing, and minimally invasive interventional applications.[19]

TE Connectivity provides components for the commercial aerospace industry[20] from the initial stages of aircraft design to aftermarket support. TE's defense products include ruggedized electronic interconnects serving military aviation,[21] 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.[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]

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

See also

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References

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  1. ^ "TE Connectivity FY 2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 12 November 2024.
  2. ^ "TE Connectivity: Connectors & Sensors for Harsh Environments". TE Connectivity: Connectors & Sensors for Harsh Environments. Retrieved 2023-06-26.
  3. ^ "Get to Know TE Connectivity". Get to Know TE Connectivity. Retrieved 2024-07-07.
  4. ^ AMP Incorporated – History; Funding Universe.
  5. ^ AMP Incorporated; Profile of the European Connector Industry; 6th Ed; 1995 ISBN 1-85617-254-6.
  6. ^ "Tyco Completes Acquisition of AMP". New York Times. April 6, 1999. Retrieved October 12, 2016.
  7. ^ Sorkin, Andrew Ross (13 September 2002). "2 Top Tyco Executives Charged with $600 Million Fraud Scheme". The New York Times.
  8. ^ Tyco History
  9. ^ "Tyco Telecommunications Renamed Tyco Electronics Subsea Communications" (Press release). Tyco Electronics. 16 March 2010. Retrieved 19 November 2023.
  10. ^ "Tyco Electronics Is Now TE Connectivity Ltd" (Press release). TE Connectivity. 10 March 2011. Retrieved 10 March 2011.
  11. ^ Seth Jayson (26 February 2011), Does Tyco Electronics Miss the Grade?, The Motley Fool
  12. ^ te.com
  13. ^ DiStefano, Joseph N. "Sensors, switches, perilous places are the job at TE Connectivity". The Inquirer. Retrieved 6 December 2017.
  14. ^ Prasanna, Rajagopal. "TE Connectivity: An Evolving Diversification Story". Seeking Alpha. Retrieved 6 December 2017.
  15. ^ Zacks Equity Research. "TE Connectivity (TEL) Q4 Earnings & Sales Top, View Upbeat". NASDAQ. Retrieved 6 December 2017.
  16. ^ GITLIN, JONATHAN M. (27 April 2017). "Inside Formula E's push for ever-better electric motors with Andretti and TE Connectivity". ARS Technica. Retrieved 6 December 2017.
  17. ^ Ross, Philip E. "Formula E Comes to Brooklyn". IEEE Spectrum. Retrieved 6 December 2017.
  18. ^ "TE Connectivity: Innovative Rail Solutions Throughout the Train". Railway Technology. Retrieved 6 December 2017.
  19. ^ "TE Connectivity pushes into medical devices with Creganna buy". Thomson Reuters. 2 February 2016. Retrieved 6 December 2017.
  20. ^ Ren, Daniel (18 September 2017). "TE Connectivity eyes more supply and design work for China's widebody C929 aircraft". South China Morning Post. Retrieved 20 September 2017.
  21. ^ Fuller, S.L. (September 2017). "Are Drones the Next Frontier for Artificial Intelligence?". Aviation Today. Retrieved 6 December 2017.
  22. ^ L, R (January 2024). "Relays & Contactors". Mouser. Retrieved 20 January 2024.
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