TE Connectivity projects upbeat quarterly results, to buy Astrodyne for $1.4 billion

Electronic equipment manufacturer TE Connectivity released guidance indicating stronger-than-expected financial performance for the upcoming quarter, driven primarily by elevated demand for artificial intelligence-related tools and infrastructure. The company attributed the positive outlook to increased global investments in data centers and network equipment, which have benefited producers of electrical connector systems like TE.
Chief Executive Officer Terrence Curtin outlined the company&rsq