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 >
Stock moves suggest belief in 'no landing' economy, Morgan Stanley says
Stock moves suggest belief in 'no landing' economy, Morgan Stanley says
Apr 8, 2024
NEW YORK (Reuters) - Recent action in the U.S. stock market suggests investors are beginning to price in a no landing economic scenario that involves an expected pickup in growth, Morgan Stanley ( MS ) equity strategists said on Monday. For months, investors have been bracing for a soft landing for the economy, which sees tepid growth alongside inflation falling...
NY Fed finds mixed outlook for inflation expectations in March
NY Fed finds mixed outlook for inflation expectations in March
Apr 8, 2024
(Reuters) - Americans' outlook for inflation was mixed last month amid expectations for bigger prices rises across a range of key goods and services, as worries about missing debt payments mounted, a report from the Federal Reserve Bank of New York said on Monday. The bank found in its March Survey of Consumer Expectations that the public sees inflation a...
Consumers' Three-Year Inflation Outlook Rises, One-Year Unmoved, NY Fed Survey Shows
Consumers' Three-Year Inflation Outlook Rises, One-Year Unmoved, NY Fed Survey Shows
Apr 8, 2024
03:47 PM EDT, 04/08/2024 (MT Newswires) -- US consumers' three-year inflation expectations climbed in March while the one-year component didn't budge for a third consecutive month, the Federal Reserve Bank of New York said Monday. Median inflation expectations last month increased to 2.9% from 2.7% over the next three years but held steady at 3% at the one-year horizon, according...
NY Fed finds mixed outlook for inflation expectations in March
NY Fed finds mixed outlook for inflation expectations in March
Apr 9, 2024
(Reuters) -Americans' outlook for inflation was mixed last month amid expectations for bigger price rises across a range of key goods and services, while worries about missing debt payments mounted, a report from the Federal Reserve Bank of New York said on Monday. The bank found in its March Survey of Consumer Expectations that the public sees inflation a year...
Copyright 2023-2026 - www.financetom.com All Rights Reserved