TE Connectivity completed the sale of its broadband-networks business to CommScope Holding Co. for about US$3 billion. TE Connectivity’s product portfolio is focused on connectors and sensors that are made to withstand harsh environments. The company operates three primary segments: TE Connectivity’s Communications Solutions segment supplies electronic components for home appliances, including products for washers, dryers, refrigerators, air conditioners, dishwashers, cooking appliances, water heaters, and microwaves. TE delivers connectivity solutions for the Internet of Things, virtual reality applications, smart phones, tablets and anywhere customers need solutions for data and devices, including networking equipment and wireless infrastructure. The Transportation segment includes four business
Smart grid in the United States (FOA) that will lay the groundwork for providing nearly $4 billion in American Reinvestment and Recovery Act funds to support smart grid projects. The Notice of Intent was issued for DOE's Smart Grid Investment Grant Program, which will provide grants of $500,000 to $20 million for smart grid technology deployments and grants of $100,000 to $5 million for the deployment of grid monitoring devices. The program will provide matching grants of up to 50% of the project cost, and the total funding for the program is $3.375 billion. In addition, the draft FOA paves the way toward an offer of