Every Connection Counts
|Traded as||NYSE: TEL
S&P 500 Component
|Headquarters||Schaffhausen, Switzerland (incorporation)
Berwyn, Pennsylvania (executive)
|Key people||Tom Lynch, CEO|
|Products||Electronics, Electronic Components, Networking|
|Revenue||ca. USD 14.3 billion (Fiscal 2011)|
TE Connectivity, Ltd. designs and manufactures highly engineered solutions that connect and protect data and power. The company serves customers in more than 150 countries in a variety of industries including automotive, data communication systems, consumer electronics, telecommunications, aerospace, defense and marine, medical, energy and lighting.
On June 29, 2007, Tyco International was split and Tyco Electronics, along with Covidien, became separate, independently-traded public companies. The new independent company was known as Tyco Electronics Ltd. On March 10, 2011, the company changed its name to TE Connectivity which the company says it feels is more relevant to its position as a component and communications manufacturer. On February 16, 2006, a group of institutional investors, part of an existing lawsuit against Tyco International, sued the company to stop its proposed breakup plan.
As an independent company, TE Connectivity serves four major markets (as of 2011[update]):
- Automotive (31%)
- Broadband Connectivity (26%)
- Energy and Industrial (29%)
- Consumer (14%)
Total: USD14.3 billion
As of 2011[update], the company has nearly 100,000 employees operating in almost 50 countries.
Sales by region (as of 2011[update]) were: Europe/Middle East/Africa (35%), Americas (32%), Asia—excluding China (18%), China (15%).
- Peter Key (15 September 2011), "TE Connectivity cutting 660 jobs worldwide, six in Berwyn", Philadelphia Business Journal (American City Business Journals), archived from the original on 16 September 2011, retrieved 16 September 2011
- "Tyco Electronics Is Now TE Connectivity Ltd." (Press release). TE Connectivity. 10 March 2011. Retrieved 10 March 2011.
- Seth Jayson (26 February 2011), Does Tyco Electronics Miss the Grade?, The Motley Fool
- "Investors Sue Tyco Over Proposed Breakup".