# Who are Ajinomoto's customers? Who does Ajinomoto earn revenue from?
Canonical: https://valuechain.wiki/ajinomoto · Facet: customers · Updated: 2026-07-12T04:18:20.217999+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Ajinomoto's confirmed revenue counterparties include Ibiden, 유니마이크론, AT&S plus 2 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 5 revenue edges, backed by 2 dated sources, 1 of them primary filings (as of 2026-07-12).

### Ibiden (high)  → /ibiden.md
- note: Supplies ABF build-up film for Ibiden's FC-BGA substrates — even the leading substrate maker depends on Ajinomoto for the dielectric, the exemplary relationship of an upstream monopoly.
- [confirms] TradingKey (EN, research, published 2026-01-01) https://www.tradingkey.com/analysis/stocks/us-stocks/261783966-abf-ajinomoto-nvidia-ai-supply-chain-tradingkey: "Supplies ABF build-up film for Ibiden FC-BGA substrates."
- [confirms] Ajinomoto (JA, filing, published 2025-06-25) https://www.ajinomoto.co.jp/company/en/ir/: "Supplies ABF build-up film for Ibiden FC-BGA substrates."

### 유니마이크론 (high)  → /unimicron.md
- note: Supplies ABF build-up film for Unimicron's FC-BGA substrates.
- [confirms] TradingKey (EN, research, published 2026-01-01) https://www.tradingkey.com/analysis/stocks/us-stocks/261783966-abf-ajinomoto-nvidia-ai-supply-chain-tradingkey: "Supplies ABF build-up film for Unimicron FC-BGA substrates."
- [confirms] Ajinomoto (JA, filing, published 2025-06-25) https://www.ajinomoto.co.jp/company/en/ir/: "Supplies ABF build-up film for Unimicron FC-BGA substrates."

### AT&S (mid)  → /at-s.md
- note: Supplies ABF build-up film for AT&S FC-BGA substrates.
- [confirms] TradingKey (EN, research, published 2026-01-01) https://www.tradingkey.com/analysis/stocks/us-stocks/261783966-abf-ajinomoto-nvidia-ai-supply-chain-tradingkey: "Supplies ABF build-up film for AT&S FC-BGA substrates."
- [confirms] Ajinomoto (JA, filing, published 2025-06-25) https://www.ajinomoto.co.jp/company/en/ir/: "Supplies ABF build-up film for AT&S FC-BGA substrates."

### 삼성전기 (mid)  → /samsung-electro-mechanics.md
- note: Supplies ABF build-up film for Samsung Electro-Mechanics' FC-BGA substrates — even as SEMCO scales AI-accelerator substrates, its dielectric hinges on Ajinomoto's single material.
- [confirms] TradingKey (EN, research, published 2026-01-01) https://www.tradingkey.com/analysis/stocks/us-stocks/261783966-abf-ajinomoto-nvidia-ai-supply-chain-tradingkey: "Supplies ABF build-up film for Samsung Electro-Mechanics FC-BGA substrates."
- [confirms] Ajinomoto (JA, filing, published 2025-06-25) https://www.ajinomoto.co.jp/company/en/ir/: "Supplies ABF build-up film for Samsung Electro-Mechanics FC-BGA substrates."

### 식품·아미노산 (소비자) (mid)
- note: Seasoning and amino-acid food business.
- [confirms] Ajinomoto (JA, filing, published 2025-06-25) https://www.ajinomoto.co.jp/company/en/ir/: "Core MSG/amino-acid business."

Reverse side: https://valuechain.wiki/ajinomoto/suppliers.md · Ripple: https://valuechain.wiki/ajinomoto/ripple.md

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