0803 GMT - U.S. tariffs will likely have a minimal impact on software companies, while hardware companies will face a bigger hit, Janus Henderson Investors says in a commentary. Software isn't reliant on physical asset production and has a geographical distributed workforce, whereas hardware is often manufactured abroad and relies on components such as semiconductor chips and wafers. The components are mainly produced in Asia-Pacific and then shipped to Mexico for assembly to take advantage of lower labor costs, the asset manager adds. "The impact of the recently announced tariffs would therefore be most pronounced in the assembly phase." Janus Henderson expects the impact on large end-market manufacturers like Dell and HP to be more acute than their suppliers. (farah.elias@wsj.com)
(END) Dow Jones Newswires
February 06, 2025 03:03 ET (08:03 GMT)
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