International Electronic Business Information learned that recently, TE Connectivity, the world’s largest connector manufacturer, issued a notice to its channel partners that China will impose a 25% tariff on products originating in the United States on August 23. In the list of products involving US$16 billion, Some TE products will be affected by this.
In the notice, TE stated that as a global company, TE has always supported open and free trade. TE is also practicing in this way. Most of its business is close to customers, and most of its products are produced in corresponding areas, so they are not affected by the tariffs. Nevertheless, some products are still produced in the United States and imported to China. This part of the product, including inventory, will be affected by tariffs. TE will also maintain close communication with channel partners to minimize the impact.
TE has approximately 78,000 employees worldwide, of which more than 7,000 are engineers, and cooperates with customers in nearly 150 countries around the world. It has more than 100 manufacturing and engineering centers around the world, with annual sales reaching 13 billion U.S. dollars. For more than 75 years, TE's connectivity and sensing solutions have been validated in harsh environments, and continue to promote the development of transportation, industrial applications, medical technology, energy, data communications and home furnishing.
TE has entered China for more than 30 years and has grown from a manufacturing base to an enterprise integrating R&D, engineering, manufacturing, supply chain and sales. The Chinese market has annual sales of US$2.4 billion, and has more than 2,000 engineers and 14 production bases in China, serving 10 vertical markets.
In terms of other American connector manufacturers, Amphenol is the world's second largest connector product manufacturer, with 85 factories and 33,000 employees in more than 30 countries around the world. Amphenol is the largest manufacturer of mobile phone connectors.
MOLEX has established business in more than 40 countries around the world, providing a full range of solutions and services for multiple fields, including data communications, consumer electronics, medical, industrial, automotive and commercial vehicles. MOLEX has factories in Chengdu and Dongguan, as well as India's Gandhinagar, Pune, and Nodia factories in other parts of Asia, and has sales offices and factories in Penang, Malaysia, the Philippines, Singapore, Taiwan, Thailand, and Vietnam.
Data shows that the automotive field is the largest application market for connectors. A typical light car has about 1,500 connection points. In the future, each car will use 600 to 1,000 electronic connectors, and each car will cost about $102 on average. Connector. The Chinese connector market already accounts for 30% of the global share.
The tariff increase is aimed at products originating in the United States. As manufacturers have established global manufacturing, the products that will be affected by the tariff increase may be limited.
Dongguan Huachang Electronics Co., Ltd. was established in 2009. It is a professional sales, production and processing of Cable products: USB, VGA, DVI, HDMI, Dispiayport, SATA, FFC, Type-cl. Hotline: Miss Zhang 0769-86307260