Mar. 1 at 10:08 PM
$SMCI $DELL $HPE
$DELL remains heavily China-dependent with manufacturing in Xiamen, Chengdu, and Kunshan, targeting a full exit only by 2027, with analysts estimating transition costs running 15-20% higher than China-based production.
$HPE is divesting its 19% H3C stake in two tranches totalling around
$1.3B, but deals require Chinese government approval and commercial ties will persist post-exit. One H3C subsidiary sits on the US Entity List for suspected PLA ties.
$SMCI manufactures exclusively across the US, Taiwan, and Netherlands with zero China exposure. In October 2025 it formalised this advantage by creating Super Micro Federal LLC, a dedicated subsidiary supplying US federal agencies from Silicon Valley facilities only.
