TE Connectivity makes connectors, sensors, and related components that physically link together electronic systems inside vehicles, data centers, aircraft, factories, and power grids. These are small, unglamorous components, but they are essential in virtually any complex machine or infrastructure build. TE sells primarily through direct relationships with manufacturers, with the remainder through distributors, and serves automotive OEMs, hyperscale data center operators, industrial equipment makers, defense contractors, and electric utilities. TE operates through two segments: Transportation Solutions (~54% of revenue), which supplies connectors and sensors across automotive, commercial vehicles, and adjacent sensor applications; and Industrial Solutions (~46%), which covers data center interconnects, factory automation, aerospace and defense, energy infrastructure, and medical devices. TE's revenue scales with the volume of end products its customers produce — cars, servers, aircraft — and with the dollar content TE captures per unit. Content per vehicle tends to grow well above auto production volume, as more electronics go into every car regardless of powertrain. In data centers, each new generation of AI infrastructure requires more and higher-speed interconnects, driving similar content growth. TE has localized over 70% of production within each region it serves, reducing tariff exposure and lowering unit costs. TE has been tilting its portfolio toward AI infrastructure, vehicle electronification, and energy grid buildout as key growth drivers, and has supplemented organic growth with bolt-on acquisitions, most recently Richards Manufacturing, a grid hardening specialist.