# If Advantest moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/advantest · Facet: ripple · Updated: 2026-07-12T06:14:35.396+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Advantest is directly linked to 11 companies (0 supply, 11 revenue relationships) and reaches 32 companies within two hops; the links are backed by 17 dated sources, 2 of them primary filings (as of 2026-07-12).

Advantest is the World No.1 in semiconductor test equipment (ATE). After a spike of +155.7% in 2023, gains cooled to +196% in 2025 and +29.9% in 2026. The stock (+29.9%) and its demand side (avg +44.1%) are moving in step. Among connected nodes the furthest ahead is SK hynix (+81.6%) and the furthest behind is King Yuan Electronics (KYEC) (-6.7%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Often called “the ASML of test.”

## Demand chain (leading)
- T1 Hana Micron (https://valuechain.wiki/hana-micron.md)
- T2 Samsung Electronics (https://valuechain.wiki/samsung-electronics.md)
- T3 NVIDIA (https://valuechain.wiki/nvidia.md)
- T3 Qualcomm (https://valuechain.wiki/qualcomm.md)
- T3 Apple (https://valuechain.wiki/apple.md)
- T3 Marvell (https://valuechain.wiki/marvell.md)
- T3 IBM (https://valuechain.wiki/ibm.md)
- T3 Broadcom (https://valuechain.wiki/broadcom.md)
- T3 Tesla (https://valuechain.wiki/tesla.md)
- T3 AMD (https://valuechain.wiki/amd.md)
- T3 Hyundai Motor Company (https://valuechain.wiki/hyundai-motor-company.md)
- T3 Alphabet (Google) (https://valuechain.wiki/alphabet.md)
- T2 SK hynix (https://valuechain.wiki/sk-hynix.md)
- T3 Meta Platforms (https://valuechain.wiki/meta.md)
- T3 Amazon (https://valuechain.wiki/amazon.md)
- T3 SK Telecom (https://valuechain.wiki/sk-telecom.md)
- T3 Everpure (formerly Pure Storage) (https://valuechain.wiki/pure-storage.md)
- T1 Kioxia (https://valuechain.wiki/kioxia.md)
- T2 Phison Electronics (https://valuechain.wiki/phison.md)
- T3 Seagate Technology (https://valuechain.wiki/seagate.md)
- T1 SFA Semicon (https://valuechain.wiki/sfa-semicon.md)
- T2 Micron Technology (https://valuechain.wiki/micron.md)
- T1 Powertech Technology (PTI) (https://valuechain.wiki/powertech.md)
- T1 King Yuan Electronics (KYEC) (https://valuechain.wiki/kyec.md)
- T2 MediaTek (https://valuechain.wiki/mediatek.md)
- T1 JCET (Jiangsu Changjiang Electronics) (https://valuechain.wiki/jcet.md)
- T2 NXP Semiconductors (https://valuechain.wiki/nxp.md)
- T3 Honeywell Technologies (https://valuechain.wiki/honeywell-technologies.md)
- T3 Hubbell Incorporated (https://valuechain.wiki/hubbell-incorporated.md)
- T1 TSMC (https://valuechain.wiki/tsmc.md)
- T2 Intel (https://valuechain.wiki/intel.md)
- T3 Lenovo (https://valuechain.wiki/lenovo.md)
- T3 Dell Technologies (https://valuechain.wiki/dell.md)
- T3 HP Inc. (https://valuechain.wiki/hp.md)
- T3 Microsoft (https://valuechain.wiki/microsoft.md)
- T3 Mercury Systems (https://valuechain.wiki/mercury-systems.md)
- T3 ASUSTeK Computer (https://valuechain.wiki/asustek.md)
- T3 F5, Inc. (https://valuechain.wiki/f5.md)
- T2 Astera Labs (https://valuechain.wiki/astera-labs.md)
- T2 Sony Semiconductor Solutions (https://valuechain.wiki/sony-semiconductor.md)
- T3 Nikon (https://valuechain.wiki/nikon.md)
- T2 Alchip Technologies (https://valuechain.wiki/alchip.md)
- T2 Credo Technology (https://valuechain.wiki/credo.md)
- T2 Global Unichip (https://valuechain.wiki/global-unichip.md)
- T2 Renesas Electronics (https://valuechain.wiki/renesas.md)
- T3 Toyota Motor Corporation (https://valuechain.wiki/toyota.md)
- T2 Mobileye (https://valuechain.wiki/mobileye.md)
- T3 Geely Auto (https://valuechain.wiki/geely-auto.md)
- T2 Analog Devices (https://valuechain.wiki/analog-devices.md)
- T2 Microchip Technology (https://valuechain.wiki/microchip.md)
- T2 Cisco (https://valuechain.wiki/cisco.md)
- T2 Montage Technology (https://valuechain.wiki/montage.md)
- T2 Cerebras Systems (https://valuechain.wiki/cerebras.md)
- T3 OpenAI (https://valuechain.wiki/openai.md)
- T2 Ambarella (https://valuechain.wiki/ambarella.md)
- T3 AeroVironment (https://valuechain.wiki/aerovironment.md)
- T2 Xiaomi (https://valuechain.wiki/xiaomi.md)
- T2 Realtek (https://valuechain.wiki/realtek.md)
- T2 Fortinet (https://valuechain.wiki/fortinet.md)
- T2 Will Semiconductor (https://valuechain.wiki/will-semiconductor.md)

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Full node: https://valuechain.wiki/advantest.md · JSON: https://valuechain.wiki/advantest.json