TE Connectivity

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TE Connectivity
Public
Traded as NYSETEL[1]
S&P 500 Component
Industry Electronics
Founded 2007
Headquarters Schaffhausen, Switzerland (incorporation)[1]
Berwyn, Pennsylvania, United States (executive)
Key people
Terrence Curtin, CEO
Products Electronics, Electronic components, Networking, Connector systems, Sensors, Subsea fiber optic communication systems
Revenue USD $13 billion (Fiscal 2017)[2]
Number of employees
78,000 (2017)
Website te.com

TE Connectivity is a technology company that designs and manufactures connectivity and sensor products for harsh environments in a variety of industries, such as automotive, industrial equipment, data communication systems, aerospace, defense, medical, oil and gas, consumer electronics, energy and subsea communications.

TE Connectivity has a global workforce of 78,000, including approximately 7,000 engineers. The company serves customers in 150 countries.

History[edit]

AMP connector

In 1941, Aircraft Marine Products (AMP) was founded with solderless electrical connections for quick and removable wire connection used for aircraft and ships. After the war time boom the company had to adapt to post war economy and in 1956 the name was changed to AMP Incorporated when it incorporated.[3][4] In 1999, Tyco International acquired American electronics connector manufacturer AMP Incorporated.[5]

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)).[6]

On March 10, 2011, Tyco Electronics Ltd changed its name to TE Connectivity Corporation, which the company said felt more relevant to its position as a connectivity and sensor component manufacturer.[7][8]

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.[9]

Products and Services[edit]

TE Connectivity’s product portfolio is focused on connectors and sensors[10] that are made to withstand harsh environments[11]. The company operates three primary segments[12]:

Communications Solutions[edit]

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

TE delivers connectivity solutions for the Internet of Things, virtual reality applications, smart phones, tablets and anywhere customers need solutions for data and devices, including networking equipment and wireless infrastructure.

TE Connectivity’s products are also used in undersea fiber optic telecommunication systems[13]. The company’s Subsea Communications (SubCom) business installs and maintains the global network subsea cables that allows the internet to work around the world[14].

Transportation Solutions[edit]

The Transportation segment includes three business units: Automotive, Industrial & Commercial Transportation, and Sensor Solutions.

TE’s products are used by the automotive industry for body and chassis systems, convenience applications, driver information, infotainment solutions, miniaturization solutions, motor and powertrain applications, and safety and security systems. Hybrid and electronic mobility solutions include in-vehicle technologies, battery technologies[15], and charging solutions. In addition, TE’s products are used for on- and off-highway vehicles and recreational transportation, including construction, agriculture, buses, and other vehicles[16].

TE offers a portfolio of sensors solutions that are used by customers across multiple industries, including automotive, industrial equipment, commercial transportation, medical solutions, aerospace and defense, and consumer applications.

Industrial Solutions[edit]

The Industrial Solutions segment supplies products that connect and distribute power, data, and signals. Within the Industrial Solutions segment are the following business units: Industrial, Medical, Aerospace, Defense and Marine (AD&M), and Energy.

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[17]. 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[18].

Additionally, TE Connectivity provides components and solutions for the commercial aerospace industry[19] from the initial stages of aircraft design to aftermarket support. TE’s defense products include ruggedized electronic interconnects serving military aviation[20], marine, and ground vehicles including electronic warfare and space systems. 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. Also, TE’s products are used by OEMs and utility companies in the electrical power industry and include solutions for the electrical power generation, transmission, distribution, and industrial markets.

See also[edit]

References[edit]

  1. ^ a b 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 
  2. ^ "#498 TE Connectivity". Forbes. Retrieved September 24, 2016. 
  3. ^ AMP Incorporated – History; Funding Universe.
  4. ^ AMP Incorporated; Profile of the European Connector Industry; 6th Ed; 1995 ISBN 1-85617-254-6.
  5. ^ "Tyco Completes Acquisition of AMP". New York Times. April 6, 1999. Retrieved October 12, 2016. 
  6. ^ Tyco History
  7. ^ "Tyco Electronics Is Now TE Connectivity Ltd" (Press release). TE Connectivity. 10 March 2011. Retrieved 10 March 2011. 
  8. ^ Seth Jayson (26 February 2011), Does Tyco Electronics Miss the Grade?, The Motley Fool 
  9. ^ te.com
  10. ^ DiStefano, Joseph N. "Sensors, switches, perilous places are the job at TE Connectivity". The Inquirer. Retrieved 6 December 2017. 
  11. ^ Prasanna, Rajagopal. "TE Connectivity: An Evolving Diversification Story". Seeking Alpha. Retrieved 6 December 2017. 
  12. ^ Zacks Equity Research. "TE Connectivity (TEL) Q4 Earnings & Sales Top, View Upbeat". NASDAQ. Retrieved 6 December 2017. 
  13. ^ "Jupiter cable to provide fastest link between Japan and the US". FIBRE SYSTEMS. Retrieved 8 November 2017. 
  14. ^ "Deep Blue Cable chooses TE SubCom for Caribbean to Americas submarine cable". Lightwave. Retrieved 11 July 2017. 
  15. ^ GITLIN, JONATHAN M. "Inside Formula E's push for ever-better electric motors with Andretti and TE Connectivity". ARS Technica. Retrieved 6 December 2017. 
  16. ^ Ross, Philip E. "Formula E Comes to Brooklyn". IEEE Spectrum. Retrieved 6 December 2017. 
  17. ^ "TE Connectivity: Innovative Rail Solutions Throughout the Train". Railway Technology. Retrieved 6 December 2017. 
  18. ^ "TE Connectivity pushes into medical devices with Creganna buy". Thomson Reuters. Retrieved 6 December 2017. 
  19. ^ Ren, Daniel. "TE Connectivity eyes more supply and design work for China's widebody C929 aircraft". South China Morning Post. Retrieved 20 September 2017. 
  20. ^ Fuller, S.L. "Are Drones the Next Frontier for Artificial Intelligence?". Aviation Today. Retrieved 6 December 2017. 

External links[edit]