{"id":49922,"date":"2023-08-18T03:04:02","date_gmt":"2023-08-18T07:04:02","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/companies-with-the-most-revenue-exposure-to-china\/"},"modified":"2023-08-18T03:04:04","modified_gmt":"2023-08-18T07:04:04","slug":"companies-with-the-most-revenue-exposure-to-china","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=49922","title":{"rendered":"Companies With the Most Revenue Exposure to China"},"content":{"rendered":"
\n

An economic slowdown in China could ripple through the U.S. tech sector, which derives a large percentage of its revenue from activity in the region.<\/p>\n

Anxiety over China\u2019s economic growth has weighed on markets this week. China\u2019s economy grew 0.8% in the second quarter, lower than the growth in the first half from the same time last year. Exports are falling along with consumer prices.<\/p>\n

\n

Unemployment among China\u2019s youth rose every month this year through June, topping 20%. Officials said they would stop reporting youth unemployment. <\/p>\n

The property sector is also hobbled. This month, China\u2019s largest private real estate developer, Country Garden, missed some bond payments and said it expected to post a record loss for the first six months of the year.<\/p>\n

All of this is adding to pressure on companies with exposure in the region. The
\n VanEck Semiconductor ETF
\n (ticker: SMH) is down 9.4% in August. It is still up 43% so far this year.<\/p>\n

Barron\u2019s<\/em> and Dow Jones Market Data examined which
\n S&P 500
\n companies had the highest percentage of their revenue in the previous year from the People\u2019s Republic of China, which is otherwise called the mainland, and its Macau and Hong Kong territories. The data analyzed excluded Taiwan.<\/p>\n

Eight of the 10 companies with the largest share of revenue from China are chip makers or related to the chip industry, with Qualcomm (QCOM) at the top. <\/p>\n

\n Qualcomm
\n derived 63.6% of its revenue from China as of Sept. 30. Almost all of that was from the mainland, with 1.2% from Hong Kong. The stock is down 17% this month, according to FactSet. Qualcomm didn\u2019t respond to a request for comment.<\/p>\n

\n Monolithic Power Systems
\n (MPWR) was next on the list. The maker of semiconductor-based power electronics equipment derived 51.3% of its revenue from China, all of it from the People\u2019s Republic, as of Dec. 31. Its stock is down 13% this month. It also didn\u2019t respond to a request for comment.<\/p>\n

\n Texas Instruments
\n (TXN) is third on the list, with 48.2% of revenue coming from China, all of it from the mainland as of Dec. 31. Its stock is down 7.9% in August. Texas Instruments told Barron\u2019s<\/em> in an email that about 25% of its revenue came from China-headquartered customers in 2022. \u201cMany of our customers sell their products globally. Therefore, changes in demand from any region can affect us,\u201d the company said.<\/p>\n

Other top companies include
\n Western Digital
\n (WDC), which makes data storage devices,
\n NXP Semiconductors
\n (NXPI), and
\n Broadcom
\n (AVGO).<\/p>\n

NXP derived 34.9% of revenue from mainland China as of the end of last year. Its stock is down 13% this month. The company pointed out to Barron\u2019s<\/em> that its best estimate is that half of its sales into the region are for re-export, meaning its chips are sold to Chinese companies that embed them in products and sell them around the world. NXP also told Barron\u2019s<\/em> that its percentage of revenue from China dropped to 30% as of the second quarter of 2023.<\/p>\n

Not every company in the top 10 are chip-makers, or even tech companies. One exception is
\n Las Vegas Sands
\n (LVS), the casino operator. It ranks fifth, with 39.3% of its revenue from China, all of it from the gambling hub of Macau. Its stock is down 11% in August.<\/p>\n

\n Albemarle
\n (ALB), a specialty chemical maker that has a big lithium business, ranks eighth with 32.3% of revenue from China. Its stock is down 14% this month.<\/p>\n

Albemarle didn\u2019t comment, while Las Vegas Sands didn\u2019t respond to a request for comment.<\/p>\n

Just off the list in 11th place is the cosmetics firm
\n Est\u00e9e Lauder
\n (EL), with 29.7% of revenue from the mainland. Its stock is down nearly 10% this month. Est\u00e9e Lauder didn\u2019t respond to a request for comment.<\/p>\n

<\/p>\n

<\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Company \/ Ticker<\/th>\nShare of Revenue<\/th>\nData as of<\/th>\n<\/thead>\n
Qualcomm \/ QCOM<\/td>\n63.6%<\/td>\n9\/30\/2022<\/td>\n<\/tr>\n
Monolithic Power Systems \/ MPWR<\/td>\n51.3%<\/td>\n12\/31\/2022<\/td>\n<\/tr>\n
Texas Instruments \/ TXN<\/td>\n48.2%<\/td>\n12\/31\/2022<\/td>\n<\/tr>\n
Western Digital \/ WDC<\/td>\n43.5%<\/td>\n6\/30\/2022<\/td>\n<\/tr>\n
Las Vegas Sands \/ LVS<\/td>\n39.3%<\/td>\n12\/31\/2022<\/td>\n<\/tr>\n
NXP Semiconductors \/ NXPI<\/td>\n34.9%<\/td>\n12\/31\/2022<\/td>\n<\/tr>\n
Broadcom \/ AVGO<\/td>\n34.3%<\/td>\n10\/31\/2022<\/td>\n<\/tr>\n
Albemarle \/ ALB<\/td>\n32.3%<\/td>\n12\/31\/2022<\/td>\n<\/tr>\n
Lam Research \/ LRCX<\/td>\n30.7%<\/td>\n6\/30\/2022<\/td>\n<\/tr>\n
ON Semiconductor \/ ON<\/td>\n30.7%<\/td>\n12\/31\/2022<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Note: Percentage of revenues from mainland China, Macau, and Hong Kong combined. <\/p>\n

Sources: FactSet, Dow Jones Market Data. <\/p>\n<\/div><\/div>\n<\/p><\/div>\n

Write to Liz Moyer at liz.moyer@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

An economic slowdown in China could ripple through the U.S. tech sector, which derives a large percentage of its revenue from activity in the region. Anxiety over China\u2019s economic growth has weighed on markets this week. China\u2019s economy grew 0.8% in the second quarter, lower than the growth in the first half from the same […]<\/p>\n","protected":false},"author":1,"featured_media":49923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-49922","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nCompanies With the Most Revenue Exposure to China | iFintechWorld<\/title>\n<meta name=\"description\" content=\"An economic slowdown in China could ripple through the U.S. tech sector, which derives a large percentage of its revenue from activity in the region.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=49922\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Companies With the Most Revenue Exposure to China | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"An economic slowdown in China could ripple through the U.S. tech sector, which derives a large percentage of its revenue from activity in the region.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=49922\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-18T07:04:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-18T07:04:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/08\/1692342243_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=49922#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=49922\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Companies With the Most Revenue Exposure to China\",\"datePublished\":\"2023-08-18T07:04:02+00:00\",\"dateModified\":\"2023-08-18T07:04:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=49922\"},\"wordCount\":694,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=49922#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=49922\",\"url\":\"https:\/\/ifintechworld.com\/?p=49922\",\"name\":\"Companies With the Most Revenue Exposure to China | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-08-18T07:04:02+00:00\",\"dateModified\":\"2023-08-18T07:04:04+00:00\",\"description\":\"An economic slowdown in China could ripple through the U.S. tech sector, which derives a large percentage of its revenue from activity in the region.\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=49922#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=49922\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=49922#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Companies With the Most Revenue Exposure to China\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Companies With the Most Revenue Exposure to China | iFintechWorld","description":"An economic slowdown in China could ripple through the U.S. tech sector, which derives a large percentage of its revenue from activity in the region.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=49922","og_locale":"en_US","og_type":"article","og_title":"Companies With the Most Revenue Exposure to China | iFintechWorld","og_description":"An economic slowdown in China could ripple through the U.S. tech sector, which derives a large percentage of its revenue from activity in the region.","og_url":"https:\/\/ifintechworld.com\/?p=49922","og_site_name":"iFintechWorld","article_published_time":"2023-08-18T07:04:02+00:00","article_modified_time":"2023-08-18T07:04:04+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/08\/1692342243_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=49922#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=49922"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Companies With the Most Revenue Exposure to China","datePublished":"2023-08-18T07:04:02+00:00","dateModified":"2023-08-18T07:04:04+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=49922"},"wordCount":694,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=49922#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=49922","url":"https:\/\/ifintechworld.com\/?p=49922","name":"Companies With the Most Revenue Exposure to China | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-08-18T07:04:02+00:00","dateModified":"2023-08-18T07:04:04+00:00","description":"An economic slowdown in China could ripple through the U.S. tech sector, which derives a large percentage of its revenue from activity in the region.","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=49922#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=49922"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=49922#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Companies With the Most Revenue Exposure to China"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/49922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49922"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/49922\/revisions"}],"predecessor-version":[{"id":49924,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/49922\/revisions\/49924"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/49923"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}