Tech Firms Will Weather Shift From China, S&P Says

(Bloomberg) — Credit ratings on the world’s top technology companies are likely to withstand moving production away from China as Beijing-Washington tensions escalate, according to S&P Global Ratings.

It will likely be costly and disruptive, but the 12 global tech companies tracked by the ratings firm — including Apple Inc., Taiwan Semiconductor Manufacturing Co., and Samsung Electronics Co. — can survive the downside to their credit profiles stemming from a shift away from Beijing over the next three to five years, S&P analysts said.