Factbox: US companies with highest exposure to China

Mettler-Toledo International

14/05/2024 10:43

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          32.68%
                        Equipment &    
                           Parts       
    Albemarle Corp       Specialty           30.00%
        ALB.N            Chemicals     
    Intel  INTC.O      Semiconductors        27.39%
  Applied Materials    Semiconductor         27.00%
       AMAT.O           Equipment &    
                          Testing      
  Lam Research Corp    Semiconductor         26.00%
       LRCX.O           Equipment &    
                          Testing      
    Amphenol Corp        Electronic          23.00%
        APH.N           Equipment &    
                           Parts       
  Tesla Inc  TSLA.O     Auto & Truck         22.47%
                       Manufacturers   
    Borgwarner Inc     Auto, Truck &         21.11%
        BWA.N            Motorcycle    
                           Parts       
      Microchip        Semiconductors        21.00%
    Technologies                       
        MCHP.O                         
  Texas Instruments    Semiconductors        19.00%
     Inc  TXN.O                        
 Apple Inc  AAPL.O        Phones &           18.93%
                          Handheld     
                          Devices      
    Mettler-Toledo        Medical            18.67%
  International Inc      Equipment,    
        MTD.N            Supplies &    
                        Distribution   
       Keysight          Electronic          18.40%
   Technologies Inc     Equipment &    
       KEYS.N              Parts       
  Dupont De Nemours     Diversified          18.27%
     Inc  DD.N           Chemicals     
      Source: Company filings

 (Reporting by Ananta Agarwal in Bengaluru; Editing by Sriraj
Kalluvila)
 ((Ananta.agarwal@thomsonreuters.com;))