The AI Trade Is Far From Dead. TE Connectivity Goes All-In.
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TE Connectivity is acquiring Richards Manufacturing for $2.3 billion, signaling a strong commitment to the AI trade.
February 12, 2025 | 12:00 pm
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TE Connectivity is acquiring Richards Manufacturing for $2.3 billion, indicating a strategic expansion in the AI and electrical products sector.
The acquisition of Richards Manufacturing by TE Connectivity for $2.3 billion is a significant move that suggests a strategic expansion into the AI and electrical products sector. This could potentially enhance TE Connectivity's market position and drive future growth, likely having a positive impact on its stock price in the short term.
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