China Slowdown and Tension with Taiwan Raise Risks for US Companies Reliant on Chinese Market
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China's economy is slowing due to an aging population, real estate meltdown, and other issues. This exposes companies reliant on China.
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Taiwan's president was re-elected despite election interference from China. China's president asserted reunification with Taiwan is "inevitable."
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Qualcomm gets 64% of revenue from China, making it most exposed among S&P 500. Success comes from Chinese smartphone makers.
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Semiconductor company Monolithic Power Systems gets 51% of revenue from China mainland.
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Texas Instruments, Western Digital, and Las Vegas Sands also heavily reliant on China, with 48%, 44%, and 39% revenue exposure respectively.