Trade-war relief - July 2019

2019年7月1日

Trump and Xi Ping have come to a tariff truce at G-20 this weekend.

Trump is now using Huawei (previously blacklisted, banned, etc.) as a bargaining chip, allowing TEMPORARILY, U.S. companies to continue doing business with China's Huawei.

Here is a list of Top 20 U.S. based Huawei suppliers. I believe most of them will rally this month (July 2019).
- Percentage number next to stock symbol is the revenue exposure to Huawei

• Intel (INTC) - 1%
  
• Advanced Micro Device (AMD) - 2%
  
• Broadcom (AVGO) - 6%
  
• Qualcomm (QCOM) - 5%
  
• Microsoft (MSFT)
  
• Nvidia (NVDA)
  
• CommScope (COMM) - 2%
  
• Texas Instruments (TXN)
  
• Seagate Technology (STX) - 4%
  
• Micron Technology (MU) - 2%
  
• Qorvo (QRVO) - 11%
  
• Flex (FLEX) - 5%
  
• Skyworks (SWKS) - 6%
  
• Corning (GLW) - 2%
  
• Analog Devices (ADI) - 3%
  
• NeoPhotonics (NPTN) - 47%
  
• Western Digital (WDC)
  
• Lumentum (LITE) - 11%
  
• II-VI (IIVI) - 8%
  
• Finisar (FNSR) - 8%
  
• Maxim Integrated (MXIM) - 4%
  
• Keysight Technology (KEYS) - 2%
  
• Marvell Technology (MRVL) - 1%
  

Note: Trump can go back on the Huawei deal at any time.