Factbox-US companies with highest exposure to China

(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 Semiconductors 27.39%

Applied Materials Semiconductor 27.00%

Equipment &

Testing

Lam Research Corp Semiconductor 26.00%

Equipment &

Testing

Amphenol Corp Electronic 23.00%

Equipment &

Parts

Tesla Inc 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 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%

Inc Chemicals

Source: Company filings

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

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