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The first-ever European edition of the Fortune 500, ranking companies by revenue. 

F500 EUROPE 2023 TE Connectivity In this photo illustration, the TE Connectivity logo is

TE Connectivity ranks 234 with $16.3 billion in revenue (up 9.1%). The Switzerland-headquartered electronics and electrical equipment company has 92,000 employees and made a profit of $2.4 billion (up 7.4%).

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Here’s our look at 57 companies that do well by doing good.

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TE Connectivity (TEL): Company Profile, Stock Price, News, Rankings

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The Guangdong–Hong Kong–Macao Greater Bay Area is the world’s largest continuous urban area—a megalopolis of 11 cities, 86 million people, and a $2 trillion economic engine. Its ambition is not simply scale, but integration: linking finance, advanced manufacturing, technology, research, logistics, and talent across jurisdictions and systems to strengthen China’s global economic competitiveness. The question for the next decade is whether greater connectivity can translate into more innovation, investment, and global reach—and how businesses and investors can navigate the practical frictions that remain. Can the GBA’s 11 cities operate not simply as neighbours, but as a genuinely connected innovation economy? And what would that mean for its global competitors and partners?

Edward Au, Southern Region Managing Partner, Deloitte China 
Mr Alex Che Weng Keong, President of the Board of Directors, Commerce and Investment Prom
Derek Zhang, Executive Editor, Fortune China 

The GBA Decade: Opportunity, Innovation, and Global Impact

Conferences

Thanks Lee. So this session will be Chinese, uh, Xie xie, Alex Xie Xie Xi. OK, thank you very much, Alex. So today we would like to talk about the policy making and from the external researchers' perspective, how do we read the Greater Bay Area. So for Greater Bay Area, the population is around 80 million something, uh, equals to the population of Germany and the total GDP reaches $2 trillion USD equals Italy. We compared to other Bay Area like in New York, or the Tokyo Bay Area, or the California Bay Area or San Francisco Bay Area. We need to ask us how we make our GBA a place a more innovative. So how could we make Um, use of our resources. And make it, put it into a big use and also to realize innovative. Industry, innovative area. So Alex, as a policymaker, how do you view GBA? So first of all, GDA here? Yeah. It's different from other Bay Area. I was, So there are 3 different currencies. Three different currencies. And this can be quite challenging, but a great opportunity. Let me give you an example. So because of the historical reason? Macau has great close relationship with the Portuguese speaking country. So in terms of promote trading with these countries and regions, Macau can play a vital role. And to promote The production resources circulation. So that is why Chinese government decided to set up a cooperation zone between Zhuhai and Macau. And Macau used to be an independent tariff area. How could we contribute more to the GBA area for innovation in the next 10 years? It needs a lot of production resources. So Hanxin, GBA and Macau collaboration zone play a very vital role role for the flow of capital to the flow of talent and flow of production elements. So this is very important and that matches with the national strategy. As a person working in Macau, I should say that Guangdong province, Macau and Hong Kong are different. The difference can play a vital advantage. So this vital advantage could be played if we work together as a team. So we believe that this, this power is amazing in the GBA. While in among, among the totally nice cities in GBA that Macau can play an important role. We will collaborate with all the other brother and sister cities. OK, sorry, it's not nice, 11 cities in GBA. Yes, we have the labor division, and we could work together to create the new booming engine for the economic growth. Yes, so let's have an example. For example, last year, we have a war intellectual intellectual property organization. I got a report that. The report is telling people that about 76,000, 76,000 enterprises with all the levels, the state level, provincial level, city level, innovation enterprises, and they are located in totally 11 cities in GPA, 76,000 innovative and tech companies. So we need the innovation, we need the collaboration as well. Then if we could work like that, then we will work like a big team, and it will be a world-class, a world-class innovation hub. So for the GPA coming 10 years, The key thing is not we separate, is not we build the city alone. No, we like to work together as a team to build up a new operation system, a new OS. Shenzhen, Guangzhou, Hong Kong, Macau. We could have a clear labor division. And then we can work as the engine for the whole GPA. Then we have, we could develop some standard criteria and for Zhongguan and Zhongsan, etc. They could work like a medium, like a medium hub, medium laboratory that's focusing on the engineering, etc. And also, Macau, for example, Hong Qingzhong between Macau and Shanghai, it could be a very big region for the TCM, traditional Chinese medicines R&D center, and also the data technology. Especially to develop for the Portuguese market. So by this way, that every city in this GPA region has its own role and everybody is a strong member of this big team. And the United laboratory. This can work as a huge platform to integrate the resources from 76,000 tech companies. The United laboratory could work as the united platform for inspection and testing commissioned. Such kinds of the big layout will be amazing in the world. While talking about China, Macau, huh, we also developed like uh the third 5-year plan to adapt to the 5-year plan in the mainland China. So, Macau, we have our own 5-year plan. When we have a goal. The goal is that in the coming 30 years, we got to improve the proportion of non-gambling business up to 60% within the GP or the GDP of the city. So as Alice just now mentioned that we need the support from the government in terms of policy planning, and also we need the industry's engagement, and also we need the participants of our citizens. So this is a localized layout, a localized business plan. So Macau, now we already formulated a big framework. So the next job is how to implement this policy. In the past that we focused more, I mean 90% of the resources allocated to the gambling industry. But in the next 35-year plans periods that Macau gov, not only the government but also the industry and the citizens will shift our eyes to the non-gambling business. And for example, for the emerging industry, Macau government invests 130 billion bucks. To invest the emerging industry including the the innovative TCM. The science technology, the data technology, etc. Macau, we have an independent, uh, legislative body. It's independent one, responsible for the development of our policy, laws and laws, and regulations. And it also, Macau also we have the independent regulatory. Unity. So that's different to the mainland China and Macau we have the independent legislative system, uh, regulatory system, and a large amount of investment bodies. So this is a little bit different to the mainland China's systems. So investors also we have a strong confidence in Macau because of our operation system, because of our confidence of a decision decisiveness. So for example, Macau now investing a lot of money to build up the industry park, university, R&D center, institution, etc. So this year, more than 20 billion bucks, these kinds of the funds already introduced to build up the new laboratory. And this could be comparable to Hong Kong and Singapore. What we hope is that through this opportunity that we want to invite people come to Macau to to get more understanding to this city, to know that what we have, to know what the advantage we have. And what kinds of the room that we could develop in perspective of the new emerging industries. So whatever in the macro or in the micro level, that Macau is making the efforts to develop the new economics. So, By one time for 2 years, we do the investigation of market and, and we collect the data, do the analysis, and we find out that which industry have a good growth. And in 2025, life size ranked number one last year, and semiconductor ranked number 2. And the cleaning technology, for example, ranked number 3. So that in this industries, a lot of the investors, they earn a lot. The ROI is quite satisfactory. So before that uh people don't know, I mean the shareholders of the entertainment company or uh a casino company, they don't know where to invest. They earn money and then reinvest into the gambling industry. But now we have more space to grow. For example, the bio biochemistry, bioscience, semiconductor, science, technology, new energy, car making, etc. So all this industry and what when they develop in mainland China, and also they come to Hong Kong to do IPO and then, They, they come to Macau to do the IPO. And all this, you know, that through the IPO in, in Hong Kong, in Macau and Singapore, etc. we got the funds to support R&D and then they could have a strong funds to support them when they go global. And it's become a globalized enterprise group. So this is very good cycle, a very good ecosystem, right? Yeah, as mentioned by Alice that, Uh, we have a complete and good framework of the legislation, and we have the interconnection to mainland China in terms of their finance and fintech, etc. So that Macau, we have a good platform for the innovation and creativity. GBA, this is a huge market containing 11 cities. So that we would like to call the interest of the partners in worldwide. So take Macau as the gateway to step into the GBA and the mainland China. So for the capital investors, this is a very good window to understand the New development space in GBA and the whole China. While Macau in order to bring more opportunities to the investors, also we already completed the stock systems connection. And the bond connection, etc. So that's to make sure the circulation channel are open to the investors. So for AI technology, etc. many finance enterprises or high-tech enterprises, when they come to Macau, they will feel comfortable. Because that's Macau, we have to complete the legislative framework to guarantee the safety, the security of their business data. So whatever they're doing the flash science, biochemistry or etc. that they should, they should release their worry because that Macau government want to protect their benefits, protect their interests. And we know that Hong Kong, there is a bound area, a bound area. The bound area is in between Hong Kong and Shenzhen. It's a new high-tech zone. That new hi-tech zone is especially designed for the two cities to put their energy there to develop the high-tech. So this is called a pond that's along with the two sides of the Shenzhen River. So this is an innovative one, an innovative zone for the technical experiments. So, in Shenzhen Industry Park, we do the innovation and also that we also go to the bound zone because the bound zone, the negative negative place, this is circulated. To have the clear illustration for what would be OK for the enterprises to engage. So this kind of behavior is very important for the GPA. Not only the government but also the enterprises to develop. So not only the bond in between Shenzhen and Hong Kong, but also the Hengqin zone in between Macau and Zhuhai. So we could play our unique advantage to call the attention. From the global tech company or science company come here to do the R&D and then to put the production facilities in mainland China to enjoy the low cost of the labor, low cost of the office facilities, etc. then the enterprise, newly established enterprises could have a better growth. So also only in Hong Kong and Macau, etc. Also a lot of the uh data center being established. And also some of them professionally run the data for the overseas partners. And this also offered the opportunity for Macau. Because this is a good one, right? So, also the central government and Macau regional government. Already have the common understanding that Macau needs to diversify as business, not just rely on the gambling or the casino only, but also versatilize, versatilize the business to make it worse, make it diversify, right? So as we also talked today, that we also could use Macau as a good platform to do the R&D, then the product development, especially for the Patuki market because Macau have a strong and long term ties with the Patuki market. So in In April or May, the time that the chief executive of Macau led a big delegation containing 120 enterprises traveled to Portugal, and then we signed over 106 cooperation agreements and with the total amount over $300 million 300 million dollars US dollars. And at the time we we we will visit the president and also the premier, as well as the head of the Legislative council and the Supreme Court. What does it mean? It means that Macau and Portugal still would like to further to strengthen our cooperation. So these kinds of cooperation is very significant for Macau to acquire a new generation growth in economics. So the cooperation in science and technology together with not only Portugal but the other countries would help Macau to develop the non-casino business. So in the future that we're going to witness the happening of the new business growth in Macau, not just the casino, but also more business. And Macau's legislative system also similar to Portugal's to Portugal and the other European countries and regions. There's another advantage. OK, so looking into the future, next 10 years, so if we can reach the imaginative connection of the deeply integrated Greater Bay Area. So to the global partners, when they talk about Macau, what do you want them to talk about Macau? What keywords do you want them to put on Macau? Well, for GBA I think that innovation, but whether we can be an international Bay Area. We need more international impact. So we sail around the world. Yes, but whether we can have the international influential power, especially for Macau, for Macau, today we are in a great facility. The hospitality of Macau is top in the world. We are the world tourism city. But if that is not a world tourism city, but a world commercial city. Is Macau still a top commercial city? When you think about make exhibition, make conference, do you think Macau is the first choice? Yes, here we have a lot of events and we would like to thank Fortune for selecting Macau as a place for leaders forum. But will more people think Macau as the first choice for convention and exhibition. I think that Macau still needs more employment to the next generation. Yeah, yeah, I think that to attract more talent, you need to provide them with decent job. So that is important. So if that is 2030, when we look back, do you think you are successful, Advan? Wow. So 2030 or 2035, when I look back. Well, I think that if a young entrepreneur will say, I'm from Macau, I'm rather from Shenzhen, so that means Macau is successful. And also Macau should be different, right? Right now people think Shenzhen is innovative, but Macau also needs to be innovative, and this city should be replicable compared to others. We should have something unique. OK, as a policymaker, I think you also have something to say. Yeah, we work together with the motherland. So 10 years later in 2036 or 2035, so firstly, I hope that when you come to Macau, not just for exhibition or conference, you have business to do here and we can include Henching area into Macau. Not just think about Macau, but also Henching and Macau. So Henqing corporate. Uh, cooperative zone should have more opportunities. OK, McKenzie has a prediction, have a forecast said by 2030, the economic output should reach around the 3.6 to $4 trillion. To the economic scale of Germany. Right now, the population equals Germany, but GDP if we can equal to the GDP of Germany, that will be a very ambitious goal because Germany is the biggest economy in Europe. So if Macau would like to be a technology innovation center, that would be an ambitious goal. And we need to become a real economy with innovation, with the scale, with uniqueness. OK, thank you. Thank you.

Saudi Arabia is rapidly emerging as the strategic global hub connecting three continents, positioning multinational companies at the heart of the region's largest and fastest-growing economies to capture unprecedented growth opportunities across the Middle East and Africa. Over 600 companies have already recognized the potential to capture Saudi Arabia's competitive advantages—includingworld-class physical and digital infrastructure, strategic geographic positioning, connectivity, and a thriving business ecosystem—whilekeeping pace with realigning global supply chains. Join us for an exclusive dialogue on how the Kingdom's unique advantages are transforming it into the premier destination for companies seeking to capture opportunities across the region and beyond. 

Lunch Session: Saudi Arabia: The New Global Hub for Regional Headquarters

The Middle East is experiencing a historic transformation. Syria is emerging from over a decade of civil war, while negotiations in Gaza offer hope for ending years of conflict. These seismic shifts have the potential to reshape the region's economic landscape—unlocking new capital flows, trade corridors, and investment opportunities. As a former UN Special Coordinator for the Middle East Peace Process, Bulgaria's Foreign Minister, and EU parliamentarian, Nickolay Mladenov brings firsthand experience to understanding what enables regional transformation. In this conversation, Mladenov assesses what these pivotal moments mean for reconstruction, economic integration, cross-border connectivity, and the path forward for one of the world's most strategic regions. 

A New Middle East

Hello everyone, it's a pleasure. I'm Hala Gorani. It's a pleasure for me, uh, to be here as part of this forum once again, and I'll be in conversation with Nikolai Maladanov, the director general of the Anwar Gargosh Diplomatic Academy, also a former high ranking, uh, UN official, as well as the former foreign minister of. Bulgaria. Let's start right away with Gaza. This is really at the forefront of people's minds today in the Middle East, a very fragile ceasefire. Israel is still occupying more than half of the strip. Palestinians dying still on a daily basis, not enough aid going in now that I've listed all of these conditions, and there are many more. Do you have any confidence that this will hold? Well, thank you, hell. It's not just on the top of everybody's mind, but it is, um, I'm afraid the defining issue of our time right now. Because whether this uh very fragile ceasefire holds and creates an opportunity to resolve the situation in Gaza in a way that it actually brings Israelis and Palestinians closer to peaceful negotiations on a two-state solution will help answer a lot of other regional questions that are, that are out there. I think where we are today is that we're not even at the stage of the full implementation of stage one. if and when that happens, and hopefully that will happen very soon. Um, I think stage 2 becomes even more complicated because to manage stage 2 we need to in the next few days, um, and I really hope that this will happen next week, see a UN Security Council resolution that puts together a framework, a legitimate international framework for the civilian transitional governance of Gaza, as well as for an international security force on the ground. But even going beyond these two questions that need to be answered really quickly, uh, 3 other Really important questions remain. Firstly, how do we make sure that Hamas is not part of the governance of Gaza and is effectively demilitarized, so it is no longer a threat, and there are a lot of open issues on how that can be needs to be resolved. Secondly, how do we make sure that the Palestinian Authority in Ramallah is empowered and strong to be able to, to effectively in the future take over control of Gaza? And this is a difficult question because the Palestinians face tremendous challenges in the West Bank. Um, they not only live under occupation, but, but they're being stifled, um, in their ability to actually have, you know, meaningful governance for themselves. And thirdly, I think very important is to see how we, uh, bring back. I think it's points 1819, and 20 of President Trump's plan. How do we bring the political prospect for resolving uh the question of Palestine? Now you'll remember there was a ceasefire in January, February. It never went to phase two. The Israelis didn't send a delegation to Cairo to negotiate the specifics of phase two. You just mentioned rightly and as many people say in the region that getting to phase two we haven't even implemented the whole of phase one yet, but let's talk a little bit about this region and the prospects for the involvement political and economic of this region in any future outlook for the Gaza Strip. Well, the difference between last year and this year, and this is a difference that President Trump actually Um, made was that he consulted and engaged with the region in the negotiation process for the ceasefire. So Qatar, Turkey, um, uh, Egypt were critically, both three countries that are critically important in, in terms of leverage on Hamas were, uh, were, were involved, but also the support of Saudi Arabia, the UAE and the broader Islamic world, um, is. And I think this is really why I am more optimistic this time that we will be able to get to um um um a situation in Gaza that allows not only for what was destroyed to be rebuilt, but, and that is not enough, but that on top of that, we have a political construct that brings the Palestinians of the West Bank. And and Gaza back together. You still have that that I have because not many do. I know, but I the creeping, you know, settlement activity in the West Bank. It's not legally enshrined right now, but Palestinians are not going anywhere. They're neither going to leave Gaza. They're not going to leave the West Bank or East Jerusalem. So some form of resolution. to the Israeli Palestinian conflict is necessary, and the only way to find that resolution is if you have real political engagement within the Palestinian community on their national project. You have a political process in Israel that actually brings to the fore the very idea that living with Palestinians side by side in peace and security is possible, which probably means that we need to see the results of the next election in Israel to see how the more radical elements of society, whether they'll be represented in the next government or not, because that's been a significant problem for now. We're going to talk about Syria in a moment. One last quick one on Gaza though, and as many of our of the people here, the attendees and people may be listening on our streaming feed will remember Jared Kushner, who's the son-in-law of President Trump, as well as one of the architects of this latest. Fire deal has said for example that from Israel's perspective this is something he said in May 2024, I would do my best to move the people out and clean it up. So among Palestinians there is a real anxiety there. Do you share that anxiety? I've known Jared for many years and I've seen personally how his understanding of the region and the Palestinian file has massively improved over these years, and I don't think there was ever an intention to forcefully remove Palestinians from Gaza. Um, in order to, to undertake reconstruction or, or whatever happens next. But certainly what we have to do now is focus on how what has been destroyed is rebuilt, and that question, um, uh, requires a lot of funding. 0.1 it requires a plan. 0.2. So if we assume that we have what the Arab plan for the reconstruction of Gaza is, we still don't have the answers to the to the question of financing. Now I think ideally, and I hope the Trump administration will be open to this, we will try and mobilize. This time, private funding, Palestinian private funding as well as public funding coming from the European Union, the Gulf, um, um, and other parts of the world. But whether that funding comes really is too early to say because of the questions that still need to be answered. Nobody's going to put their money in Gaza if Hamas still has weapons and is running parts of Gaza. Nobody's going to put money in it if the Israeli troops are in and out every day in parts of Gaza and not allowing free access for humanitarian aid and other assistance. Let's pivot to Syria. I was there after the fall of the regime of Bashar al-Assad a few months ago, and I was shocked. shocked at how shattered the economy still is, and how the lifting of sanctions has had zero quantifiable effect on the ground, still no banking system, still a cash economy, still poverty at the level of people coming up to you in the street and begging not for money but for food. Shocking. Where do we go from here? And the longer this situation continues, the worse it will become for Syrians, and I think, you know, you've put it very correctly, but what I think everybody now realizes is that the changes that we want to see in Syria have taken too much time and perhaps the rate of reform is not as, you know, everybody has expected in the beginning, but I have to admit here that, you know. There there's different levels of blame for this obviously for the Syrian government it's a very, very difficult process because of their internal workings and the various coalitions that keep the current government in place, but I don't think also the world, the international community has been focused enough on providing meaningful assistance to Syria, um, and whether this is done through the United Nations, um, by putting. a mission on the ground that actually assists in these reforms, whether it is done in a different format, I think you're only looking now at specific countries. Saudi Arabia is a perfect example, looking at how they can help Syria, but it's one country and what we need to do is the expertise of the entire region plus the expertise of Syrians in the diaspora who must be. Provided with the sense that you know the changes in Syria are genuine and that they will be supported. Can you explain why the lifting of sanctions hasn't yet allowed for a banking system and a monetary policy that can help Syria rebuild be put in place, because it's something I'm confused about. When the lifting of sanctions were what was announced by President Trump. There were people crying, crying tears on the streets of Damascus. This gives you a sense of how much they had suffered. But the lifting of sanctions is stage one, step one. Step 2 is how do you legislate and reform the Syrian economy and banking system so that it is capable to deal with the new realities of um um of today and that is the step that is taking too much time and is being. Uh, uh, very slowly implemented, and this is the step which I would ideally like to see the rest of the world mobilize its support for Syrians because if we don't, and I've seen this in my work in Iraq and in Gaza and, and, and across the region. What I fear is that if we don't, people will very quickly get disappointed with changes, and once they become disappointed, they become fearful and once they become fearful, they can easily become afraid to radicals. And this is not a scenario that we want to see. So we have a responsibility to really move forward in helping Syria. Yeah, so right, fear will Read radicalism everywhere. That is certainly the case. We have 2 minutes left. We're here in Saudi Arabia. Let's talk about this region in more depth and let's look forward because this is a region that almost is the flip side of, of, you know, the moribund economies of parts of the Levant like Syria where there is so much investment in the trillions. Let's talk a little bit about the future and perhaps how this, this picture that is developing here and in this part of the Arab world can have an impact on the rest of the region. We're in a region that is not just in transition, but we're in a region that is pivotal to the world. Um, I mean, look at what has happened over the last uh few months to, to, to a year. The United States, which professed its interest to leave the Middle East, is firmly back in the region, um. Bashar al-Assad's dictatorship is over in Syria. Hamas is out of Gaza. Hezbollah is almost finished in Lebanon. Um, Iran's proxies around the region are are on the back burner and its influence is much diminished. We have real opportunity in the region to focus on governance issues and whether it's in Syria, whether it's on the Palestinian side or anywhere else, governance and how you govern the economy, society in general, this is where reform in the region needs to come from. And as we address governance, we also need to understand that this The region is so critically important to global trade right now that that most if not all of the fundamental big projects and ideas for the future of connectivity in the world pass through here. Whether it's India, Middle East, Europe, the IMAC corridor which needs to be revived and restarted, whether it's, you know, the development road in Iraq that connects the Gulf to Central Asia and, and, and to Europe and to Uh, and the caucuses. These are critically important projects that will generate business opportunities, but governance comes first. That's where we need to start. Nikolay Mladenov, thank you very much. I appreciate it. Thank you. OK.

Nations are racing for AI supremacy as global supply chains fray and geopolitical tensions rise.
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What will it take to design an integrated infrastructure across compute, cloud, and connectivity to drive national-scale AI ambitions without slipping into isolationism in an increasingly fragmented digital world?
Who will lead the way?

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