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
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.