TE Connectivity makes electronic connectors, sensors and cable assemblies used across automotive, industrial, data communications, medical and aerospace applications, essentially the physical components that let electronic systems connect to and communicate with each other. Its automotive connectors handle wiring and sensor connections inside vehicles, a business that has grown more complex and valuable as cars have added more electronics, sensors and, increasingly, electric vehicle components. The company sells into many different end markets simultaneously, which diversifies its revenue but also means its results depend on demand cycles across quite different industries at once, from car production to data center buildouts. TE Connectivity's data and appliances segment has benefited from the same AI and data center infrastructure buildout that has driven demand for other connectivity and networking component makers.