A slowdown in the Chinese economy could have a big impact on some wireless companies, particularly chipmakers. Goldman Sachs analyst David Kostin listed 20 U.S. companies that he said are the most exposed to China.
Qualcomm, Broadcom, Intel, Nvidia and Texas Instruments all made the list. So did Microchip Technology, Altera, Avago, SanDisk and Corning, which supplies glass for touchscreens.
At the very top of the list is cellphone chipmaker Skyworks, which is a big supplier to Chinese handset makers and has less business in developed markets than some of its competitors.
It’s worth noting that Kostin created this list before the Chinese central bank announced its decision to devalue the nation’s currency. Kostin is looking at companies that rely on Chinese demand, but many of these companies also rely on suppliers in China for labor and parts, which should become less expensive with a lower value for the Chinese currency.
Taking a quick look now at some of today’s other top stories from RCR Wireless News … Sprint CEO Marcelo Claure has a new deal that ties his compensation to Sprint’s turnaround, and tower companies appear to be outspending carriers when it comes to DAS and small cells.
And our featured job today comes from MasTec. The company is hiring underground fiber technicians to work in the Midwest. You can see this and thousands of other job openings at telecomcareers.com.
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