Top 100 U.S. companies with more than $2 billion in annual revenue from China
The simmering trade war between the U.S. and China takes a surprising turn with a new report from the Wall Street Journal. It reveals over 600 American corporations, each boasting annual revenues exceeding a whopping $2 billion, are heavily invested in the Chinese market. This entanglement cuts across industries, including tech titans, healthcare giants, financial powerhouses, and even familiar consumer brands.
Household names like Apple, Intel, and Johnson & Johnson share the Chinese market landscape with finance giants like JPMorgan Chase and consumer favorites like Nike and Coca-Cola. The ties that bind? A complex web of investments in manufacturing facilities, research and development centers, and extensive sales networks. This economic codependency underscores the deep interconnection between the U.S. and China, despite the ongoing trade tensions and geopolitical friction.
The revelation of this extensive list throws the US-China trade relationship into sharp relief. Decoupling and escalating trade barriers dominate conversations, leaving the future of these corporate giants uncertain. As the global economic landscape undergoes constant shifts, one key question lingers: how will these companies navigate this increasingly precarious terrain and achieve a delicate balance within the world’s largest economic arena? Only time will tell what the future holds for these American giants caught in the crossfire of a complex international relationship.
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Applied Materials (33% revenue exposure to China)
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Lam Research (35% revenue exposure to China)
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Broadcom (36% revenue exposure to China)
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NXP Semiconductors (38% revenue exposure to China)
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IPG Photonics (38% revenue exposure to China)
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Wynn Resorts (40% revenue exposure to China)
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Western Digital (47% revenue exposure to China)
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Monolithic Power Systems (58% revenue exposure to China)
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Qualcomm (67% revenue exposure to China)
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Las Vegas Sands (67% revenue exposure to China)
U.S. Companies with Billions in Revenue Tied to China
- Visa
- PepsiCo
- Tyson
- PayPal
- JPM
- Lauder
- Micron
- Corning
- Berkshire Hathaway
- Walmart
- Costco
- Citigroup
- Broadcom
- KLA
- LRCX
- Intel
- TXN
- MS
- MetLife
- AMAT
- Chubb
- P&G
- AIG
- ADI
- APH
- Apple
- WBD
- Qualcomm
- Starbucks
- Comcast
- BWA
- Aptiv
- WDC
- Meta
- Alphabet
- IBM
- Jabil
- Tesla
- Amazon.com
- TE
- Microsoft
- Disney
- NXP
- Nvidia
- HP
- GM
- Expedia
- Ford
- Valero
- AMD
- DHR
- GEHC
- BMY
- BKR
- DuPont
- Boeing
- Exxon Mobil
- Merck
- CMI
- CAT
- Cencora
- Chevron
- ALB
- Linde
- GE
- UPS
- Pfizer
- J&J
- Halliburton
- ABT
- LYB
- 3M
- Otis