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Apple’s Chip Suppliers Vulnerable to US Restrictions on China

Apple’s Chip Suppliers Vulnerable to US Restrictions on China

The United States is increasing tariffs on imports from China (FXI), which could impact US companies with significant exposure to the Asian nation. One company that could be especially hurt is iPhone maker Apple (AAPL), which earns ~20% of its revenue from China. Apple, as a major customer of several chip companies, is a key name in the semiconductor industry.