I'll speak for Nancy. She thinks US based operations have a clear edge if Trump wins. I have to look up the name but the HF was talking about Foundry systems? & Micron (or was it Broadcom) and Intel.
There doesn't appear top be a Foundry Systems so I probably heard wrong and it's all Intel.. Intel foundry. https://www.intel.com/content/www/us/en/foundry/overview.html
Historically, Broadcom has strategically leveraged the Chinese market through one of the largest technology acquisitions when China's State Administration for Market Regulation (SAMR) approved its takeover of VMware, a deal valued at $61 billion in 2023
Micron's revenue with businesses based in mainland China and Hong Kong, including direct sales as well as indirect sales through distributors, accounts for about a quarter of Micron's global revenue and remains the principal exposure, the company said
Hummmmmmmm. Intel has much greater exposure to China than AMD, Bernstein analyst Stacy Rasgon said in a client note. In 2023, Intel got about 27% of its sales, totaling about $15 billion, from China
Watch list--> GFS Global Foundries Inc. $56.25-2.14 (-3.67%)12:46 PM 07/19/24 NASDAQ | $USD | Realtime