19 US stocks with the most exposure to China

"This devaluation is obviously negative for companies who sell to China," Credit Suisse's Andrew Garthwaite said in a note to clients. "Clearly, this is a bigger problem for companies with a transactional mismatch i.e. those which do not produce all their goods locally."

But even companies that do produce their goods locally face deteriorating local demand from China's slowing economy.

Garthwaite and his team identified 19 US companies with significant sales exposure to China. There are a number of big name companies on the list - GM, Ford and Apple - but the biggest loser seems to be the semiconductor industry. 11 of the 19 companies are semiconductor firms, which supply small components for a variety of technologies.

Below are the 19 stocks, including Credit Suisse's rating for each stock and comments on China from the latest earnings call from the company.