The growth of US tech earnings is vulnerable to ongoing tensions with China.
As Beijing exerts influence in the region, US tech firms will compete for a smaller market share.
S&P Global data shows that for US chip firms, China is even more important for business than their home turf.
AdvertisementGeopolitical tensionsAbishur Prakash, the founder of advisory firm The Geopolitical Business, told Business Insider that US tech companies ignoring the geopolitical tensions with China are risking serious setbacks to their portfolios.
Experts believe that China will gradually contribute less to the revenue of mega-cap US tech firms.
Persons:
—, Tesla, Apple, Prakash, Elon, Kelvin Wong, walling, Jay Pelosky, Pelosky, Wong
Organizations:
Service, TPW, American, Nvidia, AMD
Locations:
China, Beijing, India, Europe, South Korea, Taiwan, Japan, Southeast Asia, Vietnam, Malaysia, Indonesia