Terrence Curtin on innovation
From TE Connectivity CEO on the US-China trade tariffs · · CNBCTelevision
“Because we are so global what we'd like to do is how we do innovate — we innovate at the design centers of the world and we stay close to it, and that's how our engineers bring value.”
On , Terrence Curtin, Chief Executive Officer & Executive Director at TE Connectivity Ltd, spoke about innovation during TE Connectivity CEO on the US-China trade tariffs on CNBCTelevision.
About Terrence Curtin
In a November 2018 interview with CNBC, Terrence Curtin, CEO of TE Connectivity, discussed the impact of U.S.-China trade tariffs on his company. Curtin stated that tariffs and trade rhetoric contributed to a "moderation in growth" and created uncertainty, but he emphasized that TE Connectivity mitigates exposure by maintaining design centers and localized manufacturing globally, with a balanced supply chain developed over the past decade. He expressed support for "global free trade that's fair" and said reconciliation in trade talks would provide the certainty business leaders seek. Curtin noted that while tariffs themselves have a small direct impact on TE Connectivity, the broader risk is a global slowdown that could affect end demand. He pointed to ongoing innovation in areas like electric vehicles and autonomous driving as ways the company adapts, but acknowledged that passing tariff-related inflation to consumers could be difficult for many industries.