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Factbox-US companies with highest exposure to China

Published 2024-05-14, 05:46 a/m
© Reuters. FILE PHOTO: The flags of the United States and China fly from a lamppost in the Chinatown neighborhood of Boston, Massachusetts, U.S., November 1, 2021.   REUTERS/Brian Snyder/File Photo
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(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 Specialty 30.00%

Chemicals

Intel (NASDAQ:INTC) Semiconductors 27.39%

Applied Materials (NASDAQ:AMAT) Semiconductor 27.00%

Equipment &

Testing

Lam Research Corp (NASDAQ:LRCX) Semiconductor 26.00%

Equipment &

Testing

Amphenol Corp (NYSE:APH) Electronic 23.00%

Equipment &

Parts

Tesla Inc (NASDAQ:TSLA) Auto & Truck 22.47%

Manufacturers

Borgwarner Inc Auto, Truck & 21.11%

Motorcycle

Parts

Microchip Semiconductors 21.00%

Technologies

Texas Instruments (NASDAQ:TXN) Semiconductors 19.00%

Inc

Apple Inc (NASDAQ:AAPL) Phones & 18.93%

Handheld

Devices

Mettler-Toledo Medical 18.67%

International Inc Equipment,

Supplies &

Distribution

Keysight Electronic 18.40%

Technologies Inc Equipment &

Parts

Dupont De Nemours Diversified 18.27%

© Reuters. FILE PHOTO: The flags of the United States and China fly from a lamppost in the Chinatown neighborhood of Boston, Massachusetts, U.S., November 1, 2021.   REUTERS/Brian Snyder/File Photo

Inc Chemicals

Source: Company filings

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