# Who does Alphabet (Google) pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/alphabet · Facet: suppliers · Updated: 2026-09-24T12:56:01.290143+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Alphabet (Google)'s confirmed suppliers/cost counterparties include NVIDIA, Broadcom, TSMC plus 21 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 24 cost edges, backed by 40 dated sources, 7 of them primary filings (as of 2026-09-24).

### NVIDIA (high)  → /nvidia.md
- metric: Units 169,000 (est.) · CY2024 · Omdia estimate
- note: Buys Nvidia GPUs in volume for Google Cloud: about 169k Hopper units in 2024 (Omdia). One of Nvidia’s top-4 customers.
- [mentions] SEC EDGAR (EN, filing, published 2026-02-05) https://www.sec.gov/Archives/edgar/data/1652044/000165204426000018/goog-20251231.htm: "10-K: FY2025 cash capex of $91.4B (up 74% from $52.5B) reflects a surge in AI infrastructure and accelerator investment (vendors not named)."
- [confirms] heise online (EN, news, published 2024-12-19) https://www.heise.de/en/news/Microsoft-buys-most-Nvidia-accelerators-10215630.html: "Per Omdia, Alphabet (Google) purchased about 169,000 Hopper GPUs in 2024."

### Broadcom (high)  → /broadcom.md
- note: Co-designs and co-develops its own TPU AI chips (Ironwood/TPU v7, next-gen 8t) with Broadcom, under an agreement running to 2031. Its biggest custom-AI-chip partner.
- [confirms] TrendForce (EN, analysis, published 2025-11-07) https://www.trendforce.com/news/2025/11/07/news-google-unveils-7th-gen-tpu-ironwood-with-9216-chip-superpod-taking-aim-at-nvidia/: "Google unveiled its 7th-gen TPU Ironwood, co-designed with Broadcom, with a 9,216-chip superpod aimed at Nvidia."
- [confirms] Tom's Hardware (EN, analysis, accessed 2026-06-20) https://www.tomshardware.com/tech-industry/semiconductors/custom-ai-asics-examined-from-broadcom-to-mtia: "Broadcom designs Ironwood and the TPU 8t training chip under an agreement running through 2031."
- [mentions] TheElec (KO, news, accessed 2026-06-20) https://www.thelec.kr/news/articleView.html?idxno=58018: "Korean coverage of Google’s next-gen TPU design and production chain."

### TSMC (high)  → /tsmc.md
- note: Has its own TPU Ironwood fabricated at TSMC on N3P (192GB HBM3E); its Axion Arm CPU is also at TSMC.
- [mentions] Herald Economy (KO, news, published 2026-06-10) https://biz.heraldcorp.com/article/10768088: "TSMC has manufactured the TPUs, but Google is adding suppliers as TSMC hits capacity."
- [confirms] TrendForce (EN, analysis, published 2025-11-07) https://www.trendforce.com/news/2025/11/07/news-google-unveils-7th-gen-tpu-ironwood-with-9216-chip-superpod-taking-aim-at-nvidia/: "Ironwood is built on a TSMC process with 192GB of HBM3E."

### Quanta (high)  → /quanta.md
- note: Sources GB200 AI servers from Quanta.
- [confirms] TweakTown (EN, news, published 2024-08-01) https://www.tweaktown.com/news/98852/nvidias-new-gb200-ai-servers-led-by-foxconn-with-40-and-quanta-30-ships-in-q3-2024/index.html: "Sources GB200 AI servers from Quanta."

### Anthropic (high)  → /anthropic.md
- note: Google invests up to $40B in Anthropic (cash + TPU).
- [confirms] TechCrunch (EN, news, published 2026-04-24) https://techcrunch.com/2026/04/24/google-to-invest-up-to-40b-in-anthropic-in-cash-and-compute/: "Google invests up to $40B in Anthropic (cash + TPU)."

### 플렉스 (high)  → /flex-ltd.md
- note: Google is a hyperscaler customer that has given Flex a multi-year contract spanning power infrastructure, thermal systems and complex hardware manufacturing. In Flex's FY2026 Q4 earnings call (2026-05-06), CEO Revathi Advaithi and CFO Kevin Krumm directly named Google as the customer behind this contract. The contract value was not disclosed. J.P. Morgan sharply raised Flex's price target immediately after the earnings release.
- [mentions] The Globe and Mail (newswire) (EN, research, published 2026-05-08) https://www.theglobeandmail.com/investing/markets/stocks/FLEX/pressreleases/1797922/jp-morgan-sticks-to-its-buy-rating-for-flex-flex/: "J.P. Morgan analyst Samik Chatterjee raised the price target to $160.00 from $84.00 and maintained a Buy rating on Flex (FLEX)."
- [confirms] The Motley Fool (EN, news, published 2026-05-06) https://www.fool.com/earnings/call-transcripts/2026/05/06/flex-flex-q4-2026-earnings-call-transcript/: "Revathi Advaithi (CEO): "We've recently secured substantial incremental business with several hyperscaler and data center customers, including Google." Kevin Krumm (CFO): "We secured significant business with multiple customers, including a multiyear contract with Google, underpinning our strong CPI growth expectations of 65% to 75% in FY '27.""

### 엑셀 에너지 (high)  → /xcel-energy.md
- note: Alphabet's Google receives power for its Pine Island data center under an agreement with Xcel Energy's Minnesota utility and will cover its electric service and new grid infrastructure costs, but the total contract value was not disclosed.
- [confirms] KETEP Global Energy Market Information (KO, analysis, published 2026-02-26) https://energy.ketep.re.kr/globalenergy/site/main/board/energy_news/30038: "Google is working with Xcel Energy to deploy an iron-air battery system for its Pine Island, Minnesota data center."
- [confirms] SEC EDGAR (EN, filing, published 2026-02-25) https://www.sec.gov/Archives/edgar/data/72903/000007290326000009/xel-20251231.htm: "In the first quarter of 2026, NSP-Minnesota entered into an electric service agreement to power a new Google data center in Minnesota."
- [confirms] Google Blog (EN, ir, published 2026-02-24) https://blog.google/innovation-and-ai/infrastructure-and-cloud/global-network/data-center-pine-island/: "With Xcel Energy supplying energy for the new data center, Google will pay all costs associated with our electric service."
- [confirms] Xcel Energy Newsroom (EN, ir, published 2026-02-24) https://newsroom.xcelenergy.com/news/xcel-energy-to-power-new-google-data-center-in-minnesota: "Xcel Energy recently signed an agreement to supply power for the Google data center."

### 아메렌 (high)  → /ameren.md
- note: Alphabet, through Google, has contracted for more than 1 GW of new generation in Missouri and is supporting more than 500 MW of additional capacity through its partnership with Ameren, while its Montgomery County data center is a long-term large-load customer for Ameren Missouri.
- [mentions] Investing.com Korea (KO, analysis, published 2026-08-01) https://kr.investing.com/equities/ameren-corp?cid=8288: "A combined 2.8 GW of data center demand from the Google and Amazon projects is expected to increase revenue from late 2027 through 2029."
- [confirms] Gabelli Funds (EN, research, published 2026-06-29) https://gabelli.com/research/utilities-u-s-the-tale-of-two-grids/: "Google plans to build a $15 billion data center campus in Montgomery County, MO under an ESA with AEE. Google has contracted for over 1 GW of new generation in MO."
- [confirms] Office of Missouri Governor Mike Kehoe (EN, news, published 2026-05-20) https://governor.mo.gov/press-releases/archive/missouri-secures-15-billion-investment-google-montgomery-county: "To date, Google has contracted to bring more than one gigawatt (GW) of new generation capacity to Missouri, and, through its partnership with Ameren, the company is supporting the development of more than 500 megawatts (MW) of additional capacity."

### 미디어텍 (mid)  → /mediatek.md
- metric: Amount $1B · 2026 클라우드 ASIC 매출 목표(합산)
- note: MediaTek handles I/O design and TSMC coordination on TPU v7e/v8e (alongside Broadcom) — custom-ASIC procurement chain.
- [confirms] TrendForce (EN, research, published 2025-12-15) https://www.trendforce.com/news/2025/12/15/news-mediatek-reportedly-secures-google-v7e-v8e-tpu-orders-requests-7-fold-cowos-increase-from-tsmc/: "MediaTek secured Google TPU v7e/v8e; v7e ships H2 2026, 7x CoWoS increase"

### SK하이닉스 (mid)  → /sk-hynix.md
- note: Supplies HBM3E (192GB) for TPU Ironwood and data-center memory (supplier/volume undisclosed).
- [confirms] TrendForce (EN, analysis, published 2025-11-07) https://www.trendforce.com/news/2025/11/07/news-google-unveils-7th-gen-tpu-ironwood-with-9216-chip-superpod-taking-aim-at-nvidia/: "Ironwood carries 192GB of HBM3E at 7.37 TB/s."

### Marvell (mid)  → /marvell.md
- note: Cited as a custom-AI-silicon customer (its main custom partner is Broadcom); attribution kept cautious.
- [mentions] Herald Economy (KO, news, published 2026-06-10) https://biz.heraldcorp.com/article/10768088: "Mentioned among suppliers in coverage of Google’s custom-AI-chip supply-chain shift."

### Intel (mid)  → /intel.md
- note: Outsources part of next-gen TPU volume to Intel Foundry as TSMC hits capacity; a share of an estimated 6M TPUs in 2027-2028 goes to Intel.
- [confirms] Herald Economy (KO, news, published 2026-06-10) https://biz.heraldcorp.com/article/10768088: "Intel Foundry won Google AI-chip (TPU) orders, emerging as an alternative to TSMC."

### 삼성전자 (mid)  → /samsung-electronics.md
- note: Buys HBM/DRAM from Samsung for TPUs and datacenters (60%+ of Google TPU HBM); also evaluating Samsung 2nm foundry for next-gen TPU (not finalized).
- [mentions] Financial Post (KO, news, published 2026-01-15) https://www.financialpost.co.kr/news/articleView.html?idxno=262331: "Google 10th-gen TPU in talks for Samsung 2nm."
- [confirms] Seoul Economic Daily (KO, news, published 2026-01-10) https://m.sedaily.com/amparticle/20055221: "Samsung supplies 60%+ of Google TPU HBM."
- [mentions] TheElec (KO, news, accessed 2026-06-20) https://www.thelec.kr/news/articleView.html?idxno=58018: "Google is considering Samsung’s foundry for production of some next-gen TPU components."

### 알칩 (mid)  → /alchip.md
- note: Purchases AI custom ASIC design and production from Alchip.
- [confirms] SemiWiki (EN, analysis, published 2026-02-01) https://semiwiki.com/forum/threads/alchip-technologies-reports-q4-and-2025-fy-financial-results.24811/: "Buys AI custom-ASIC design/production from Alchip Technologies."
- [confirms] Alchip (EN, ir, published 2025-01-01) https://www.alchip.com/en/Newsroom/AI_Elevates_Production_Managements_Importance: "Buys AI custom-ASIC design/production from Alchip Technologies."

### Foxconn (Hon Hai) (mid)  → /foxconn.md
- note: Orders AI racks for Google Cloud (Foxconn-assembled).
- [confirms] CNBC (EN, news, published 2025-12-05) https://www.cnbc.com/2025/12/05/nvidia-partner-foxconn-reports-26percent-revenue-spike-as-ai-boom-continues.html: "Orders AI racks for Google Cloud (Foxconn-assembled)."

### Arista Networks (mid)  → /arista.md
- note: Buys AI datacenter Ethernet switches from Arista Networks.
- [confirms] ITWorld (KO, news, published 2025-08-01) https://www.itworld.co.kr/article/3602986/: "Meta builds AI clusters on the 7700R4."
- [confirms] Arista (EN, ir, published 2025-02-18) https://www.arista.com/en/company/news/press-release/21096-pr-20250218: "2024 revenue $7B (+19.5%); cloud titans 48%."
- [confirms] SEC EDGAR (EN, filing, published 2025-02-18) https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=ANET&type=10-K: "10-K: Ethernet-switch revenue concentrated in MS and Meta."

### TeraWulf (mid)  → /terawulf.md
- note: Google backstops AI compute via Fluidstack.
- [confirms] DCD (EN, news, published 2025-10-28) https://www.datacenterdynamics.com/en/news/cryptominer-terawulf-secures-200mw-lease-with-fluidstack-google-to-take-stake-in-company/: "Google backstops AI compute via Fluidstack."

### Wiwynn (mid)  → /wiwynn.md
- note: Supplies cloud servers to Google (Wiwynn ODM).
- [confirms] TrendForce (EN, research, published 2025-05-05) https://www.trendforce.com/news/2025/05/05/news-microsoft-meta-ramp-up-ai-spend-lifting-nvidias-taiwanese-odm-partners-foxonn-quanta-and-wiwynn/: "Supplies cloud servers to Google (Wiwynn ODM)."

### Eaton (mid)  → /eaton.md
- note: Sources datacenter power/UPS from Eaton.
- [confirms] SEC EDGAR (EN, filing, published 2025-10-30) https://www.sec.gov/Archives/edgar/data/0001551182/000155118225000033/etn09302025exhibit99.htm: "Sources datacenter power/UPS from Eaton."
- [confirms] TheElec (KO, news, published 2024-01-01) https://www.thelec.kr/news/articleView.html?idxno=21516: "Sources datacenter power/UPS from Eaton."

### Schneider Electric (mid)  → /schneider-electric.md
- note: Sources datacenter power/cooling from Schneider.
- [confirms] Schneider Electric (EN, filing, published 2026-04-30) https://www.se.com/ww/en/assets/pdf/release-q1-revenues-2026: "Sources datacenter power/cooling from Schneider."
- [confirms] DCD (EN, news, published 2025-09-01) https://www.datacenterdynamics.com/en/news/schneider-electric-co-develops-gb200-nvl72-reference-architecture-with-nvidia/: "Sources datacenter power/cooling from Schneider."

### GE Vernova (mid)  → /ge-vernova.md
- note: Sources datacenter power/grid gear from GE Vernova.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-01) https://www.sec.gov/Archives/edgar/data/1996810/000199681026000051/gev_arx2025xwo9xarsxedgarx.pdf: "Sources datacenter power/grid gear from GE Vernova."
- [confirms] ValueDeepDive (KO, research, published 2026-01-01) https://valuedeepdive.com/ge-vernova-gev-stock-analysis-ai-power-infrastructure/: "Sources datacenter power/grid gear from GE Vernova."

### NextEra Energy (mid)  → /nextera-energy.md
- note: Carbon-free datacenter power from NextEra nuclear.
- [confirms] BIC Magazine (EN, news, published 2026-01-01) https://www.bicmagazine.com/industry/powergen/nextera-eyes-nuclear-power-expansion/: "Carbon-free datacenter power from NextEra nuclear."

### 컴캐스트 (mid)  → /comcast.md
- note: This is a distribution/carriage relationship via YouTube TV and YouTube Premium. A September 2025 dispute over affiliate fees briefly threatened a channel blackout, resolved with a new multi-year deal in October; in July 2026 the companies signed Peacock's largest-ever wholesale distribution deal to bundle Peacock into YouTube Premium.
- [confirms] Newspim (KO, news, published 2026-07-28) https://www.newspim.com/news/view/20260728000010: "Starting in early 2027, original programming such as 'Love Island U.S.A.' and live sports including NFL and NBA games will be offered to millions of YouTube Premium subscribers — Peacock's largest wholesale distribution partnership to date."
- [confirms] SEC EDGAR (EN, filing, published 2026-02-03) https://www.sec.gov/Archives/edgar/data/1166691/000162828026004994/cmcsa-20251231.htm: "We receive fees from the distribution of our television networks to traditional multichannel video providers...revenue based on the number of subscribers receiving the programming on our television networks and a per subscriber fee."
- [confirms] YouTube (Google) (EN, news, published 2025-09-25) https://blog.youtube/inside-youtube/nbcuniversal-update/: "NBCUniversal is asking us to pay more than what they charge consumers for the same content on Peacock."

### 듀크 에너지 (mid)  → /duke-energy.md
- note: Alphabet's Google sources part of the electricity for its Lenoir, North Carolina data center through Duke Energy's Green Source Rider in a long-term customer relationship that links a 61 MW solar project and its incremental costs to Google's load.
- [mentions] Samsung Securities (KO, research, published 2024-10-28) https://www.samsungpop.com/common.do?cmd=down&contentType=application/pdf&fileName=3010/2024102814405969K_02_02.pdf&inlineYn=Y&saveKey=research.pdf: "In May, Duke Energy signed a new type of power agreement with Amazon, Google and Microsoft."
- [confirms] Duke Energy News Center (EN, ir, published 2015-11-24) https://news.duke-energy.com/releases/duke-energy-google-team-up-on-solar-power-project-in-n-c: "Google will benefit from Duke Energy Carolinas' Green Source Rider program."

### 폭스 (mid)  → /fox.md
- note: Alphabet, through Google's YouTube TV, renewed carriage of Fox's full portfolio of broadcast, news, sports, and local channels in August 2025, with financial terms undisclosed.
- [confirms] TV Tech (EN, news, published 2025-08-29) https://www.tvtechnology.com/news/youtube-tv-fox-settle-differences-renew-carriage-agreement: "YouTube TV renewed carriage of Fox's full network portfolio; financial details were not disclosed."

Reverse side: https://valuechain.wiki/alphabet/customers.md · Ripple: https://valuechain.wiki/alphabet/ripple.md

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