Recently, Yang Xu, global vice president of Intel and President of China, interviewed cgtn and talked about Intel's emphasis on the Chinese market. In response to President Trump's request to move the supply chain back to the United States, Yang Xu said that 80% of Intel's business is overseas.
Yang Xu mentioned that Intel is a global company. From the perspective of consumption and manufacturing supply chain, 80% of our business is outside the United States.
Yang also said that China is already the world's second largest economy and may become the largest in the future. China's economy is very strong, which gives us great confidence in the whole high-tech industry.
Intel has been rooted in China for 35 years since 1985. Our successful experience in China is to work with local industries in real depth, understand the needs of Chinese consumers, and work with partners to develop markets.
In general, we are very confident given the current environment. The demand for high-tech products, especially those provided by Intel and our industry, is crucial to the development of the digital economy.
At a time when the epidemic is raging, the crisis management of Chinese governments at all levels is impressive. The government quickly issued a lot of epidemic prevention and control measures, social isolation rules, so that people stay at home. The Chinese people have responded very well, which has greatly prevented the spread of the epidemic.
These risk management strategies or prevention and control measures give us great confidence to seek long-term development opportunities in China and develop our business and our global supply chain.