British media: US technology industry’s dependence on China is underestimated

London, August 11 (Xinhua) the dependence of the U.S. technology industry on China has been greatly underestimated, according to an opinion article published on the British website a few days ago. China and the United States are closely linked with each other in technology. Once the two countries are decoupled, it will bring a heavy economic blow to hundreds of American technology companies. According to the article, apple is close to becoming the world’s first company with a market value of $2 trillion, and it relies on China as its production base. One fifth of the company’s $270 billion annual sales come from China. Apple products are commonly used by users in many western countries, and China is also an important market for it to acquire new customers. Apple CEO Tim Cook recently pointed out that in China, three-quarters of consumers who buy Apple computers are first-time buyers, and two-thirds of iPad buyers are first-time buyers. The article also points out that other enterprises are more dependent on China. For example, five American chip companies – NVIDIA, Texas Instruments, Qualcomm, Intel and Broadcom – each have a market value of more than $100 billion, and 25% to 50% of their sales come from China. This interdependence is not only reflected in depth, but also in breadth. Looking back at the latest financial reports released by companies, we can see that a large number of senior executives of American technology companies are emphasizing the advantages of their companies in China. Basketball video game NBA 2K online launched by US game developer dual interactive software company has attracted 50 million registered users in China. IPG photonics has sold a large number of laser equipment to Chinese factories, accounting for 49% of its total sales. Privacy Policy