US companies with highest exposure to China
May 14 (Reuters) -U.S. President Joe Biden on Tuesday unveiled a bundle of steep tariff increases on an array of Chinese imports including electric vehicles, computer chips and medical products, risking an election-year standoff with Beijing in a bid to woo voters who give his economic policies low marks.
The U.S. expects a significant response from Beijing, Treasury Secretary Janet Yellen had said ahead of the tariffs.
The following table lists S&P 500 .SPX companies that had among the largest China exposure in fiscal 2023:
Company | Sector | Net sales in mainland China as a percentage of total revenue |
Corning GLW.N | Electronic Equipment & Parts | 32.68% |
Albemarle Corp ALB.N | Specialty Chemicals | 30.00% |
Intel INTC.O | Semiconductors | 27.39% |
Applied Materials AMAT.O | Semiconductor Equipment & Testing | 27.00% |
Lam Research Corp LRCX.O | Semiconductor Equipment & Testing | 26.00% |
Amphenol Corp APH.N | Electronic Equipment & Parts | 23.00% |
Tesla Inc TSLA.O | Auto & Truck Manufacturers | 22.47% |
Borgwarner Inc BWA.N | Auto, Truck & Motorcycle Parts | 21.11% |
Microchip Technologies MCHP.O | Semiconductors | 21.00% |
Texas Instruments Inc TXN.O | Semiconductors | 19.00% |
Apple Inc AAPL.O | Phones & Handheld Devices | 18.93% |
Mettler-Toledo International Inc MTD.N | Medical Equipment, Supplies & Distribution | 18.67% |
Keysight Technologies Inc KEYS.N | Electronic Equipment & Parts | 18.40% |
Dupont De Nemours Inc DD.N | Diversified Chemicals | 18.27% |
Source: Company filings
Reporting by Ananta Agarwal in Bengaluru; Editing by Sriraj Kalluvila
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