financetom
Economy
financetom
/
Economy
/
Factbox-US companies with highest exposure to China
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Factbox-US companies with highest exposure to China
May 14, 2024 3:05 AM

(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 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 Electronic 32.68%

Equipment &

Parts

Albemarle Corp ( ALB ) Specialty 30.00%

Chemicals

Intel ( INTC ) Semiconductors 27.39%

Applied Materials Semiconductor 27.00%

Equipment &

Testing

Lam Research Corp Semiconductor 26.00%

Equipment &

Testing

Amphenol Corp ( APH ) Electronic 23.00%

Equipment &

Parts

Tesla Inc ( TSLA ) Auto & Truck 22.47%

Manufacturers

Borgwarner Inc Auto, Truck & 21.11%

Motorcycle

Parts

Microchip Semiconductors 21.00%

Technologies

Texas Instruments Semiconductors 19.00%

Inc

Apple Inc ( AAPL ) Phones & 18.93%

Handheld

Devices

Mettler-Toledo ( MTD ) Medical 18.67%

International Inc Equipment,

Supplies &

Distribution

Keysight ( KEYS ) Electronic 18.40%

Technologies Inc Equipment &

Parts

Dupont De Nemours ( DD ) Diversified 18.27%

Inc Chemicals

Source: Company filings

(Reporting by Ananta Agarwal in Bengaluru; Editing by Sriraj Kalluvila)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Boeing strike, Hurricane Helene weigh on US industrial production
Boeing strike, Hurricane Helene weigh on US industrial production
Oct 17, 2024
WASHINGTON (Reuters) - U.S. industrial production fell in September, weighed down by a strike at Boeing ( BA ) and two hurricanes, including Helene. Industrial output dropped 0.3% last month after a downwardly revised 0.3% gain August, the Federal Reserve said on Thursday. Economists polled by Reuters had forecast industrial production falling 0.2% after a previously reported 0.8% jump in...
US home builder confidence rises for second straight month
US home builder confidence rises for second straight month
Oct 17, 2024
(Reuters) - U.S. home builder confidence rose in October for the second consecutive month but volatile mortgage rates and low housing affordability continued to pose headwinds. The NAHB/Wells Fargo Housing Market Index of builder confidence increased to 43 this month from 41 in September, the National Association of Home Builders said on Thursday. A Reuters poll showed economists expected the...
US import prices post biggest drop in nine months in September
US import prices post biggest drop in nine months in September
Oct 16, 2024
WASHINGTON (Reuters) - U.S. import prices fell by the most in nine months in September amid decreases in the costs of energy products and food, which bodes well for the domestic inflation outlook. Import prices slipped 0.4% last month, the biggest drop since December 2023, after a revised 0.2% decrease in August, the Labor Department's Bureau of Labor Statistics said...
World Bank says 26 poorest nations in worst financial shape since 2006
World Bank says 26 poorest nations in worst financial shape since 2006
Oct 16, 2024
* Debt of 26 poorest countries at 18-year high * Two-thirds face armed conflicts or institutional fragility * Natural disasters cause average annual losses of 2% of GDP (Adds details on countries in World Bank study, paragraph 5) By David Lawder WASHINGTON, Oct 13 (Reuters) - The world's 26 poorest countries, home to 40% of the most poverty-stricken people, are...
Copyright 2023-2025 - www.financetom.com All Rights Reserved