# If Applied Materials moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/applied-materials · Facet: ripple · Updated: 2026-07-12T08:20:38.667138+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Applied Materials is directly linked to 17 companies (5 supply, 12 revenue relationships) and reaches 59 companies within two hops; the links are backed by 22 dated sources, 9 of them primary filings (as of 2026-07-12).

Applied Materials operates across Wafer-fab equipment (deposition, etch, CMP). Momentum stayed firm and it is +77.6% in 2026. Demand side (avg +80.5%), the stock (+77.6%) and supply side (avg +79%) are moving in step. Propagation has completed a lap, so the next leg depends on individual results more than chain direction. Among connected nodes the furthest ahead is Ichor Holdings (+205.9%) and the furthest behind is SMC Corporation (+12.5%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Two customers were ~19% and ~15% of revenue (unnamed); 89% of revenue is outside the US, with Taiwan 24% and Korea 20%.

## Demand chain (leading)
- T1 Intel (https://valuechain.wiki/intel.md)
- T2 Lenovo (https://valuechain.wiki/lenovo.md)
- T3 Waters Corporation (https://valuechain.wiki/waters.md)
- T2 Dell Technologies (https://valuechain.wiki/dell.md)
- T3 IREN (https://valuechain.wiki/iren.md)
- T2 HP Inc. (https://valuechain.wiki/hp.md)
- T2 Microsoft (https://valuechain.wiki/microsoft.md)
- T3 OpenAI (https://valuechain.wiki/openai.md)
- T3 Snowflake (https://valuechain.wiki/snowflake.md)
- T3 ServiceNow (https://valuechain.wiki/servicenow.md)
- T3 Walmart Inc (https://valuechain.wiki/walmart.md)
- T3 Starbucks Corp (https://valuechain.wiki/starbucks.md)
- T3 Costco Wholesale (https://valuechain.wiki/costco.md)
- T3 Johnson Controls (https://valuechain.wiki/johnson-controls.md)
- T3 Parker-Hannifin Corporation (https://valuechain.wiki/parker-hannifin.md)
- T3 Accenture plc (https://valuechain.wiki/accenture.md)
- T3 Stryker Corporation (https://valuechain.wiki/stryker.md)
- T3 Adobe Inc. (https://valuechain.wiki/adobe.md)
- T3 3M Company (https://valuechain.wiki/3m.md)
- T3 Illinois Tool Works Inc. (https://valuechain.wiki/illinois-tool-works.md)
- T3 Boston Scientific Corporation (https://valuechain.wiki/boston-scientific.md)
- T3 Autodesk, Inc. (https://valuechain.wiki/autodesk.md)
- T3 Rockwell Automation, Inc. (https://valuechain.wiki/rockwell-automation.md)
- T3 Take-Two Interactive Software, Inc. (https://valuechain.wiki/take-two-interactive.md)
- T3 Roper Technologies (https://valuechain.wiki/roper-technologies.md)
- T3 Kenvue Inc. (https://valuechain.wiki/kenvue.md)
- T3 Axon Enterprise, Inc. (https://valuechain.wiki/axon-enterprise.md)
- T3 The Kraft Heinz Company (https://valuechain.wiki/kraft-heinz.md)
- T3 Fiserv (https://valuechain.wiki/fiserv.md)
- T3 Otis Worldwide Corporation (https://valuechain.wiki/otis-worldwide.md)
- T3 Cognizant Technology Solutions Corporation (https://valuechain.wiki/cognizant.md)
- T3 Dover Corporation (https://valuechain.wiki/dover.md)
- T3 Veralto Corporation (https://valuechain.wiki/veralto.md)
- T3 Ralph Lauren Corporation (https://valuechain.wiki/ralph-lauren.md)
- T2 Alphabet (Google) (https://valuechain.wiki/alphabet.md)
- T3 Anthropic (https://valuechain.wiki/anthropic.md)
- T3 Planet Labs (https://valuechain.wiki/planet-labs.md)
- T3 McDonald's (https://valuechain.wiki/mcdonalds.md)
- T3 MercadoLibre, Inc. (https://valuechain.wiki/mercadolibre.md)
- T3 Shopify (https://valuechain.wiki/shopify.md)
- T3 Uber (https://valuechain.wiki/uber.md)
- T3 LVMH Moet Hennessy Louis Vuitton (https://valuechain.wiki/lvmh.md)
- T3 Recursion Pharmaceuticals (https://valuechain.wiki/recursion.md)
- T3 Intuit Inc. (https://valuechain.wiki/intuit.md)
- T3 Workday, Inc. (https://valuechain.wiki/workday.md)
- T3 Salesforce, Inc. (https://valuechain.wiki/salesforce.md)
- T3 Booking Holdings Inc. (https://valuechain.wiki/booking-holdings.md)
- T3 HCA Healthcare, Inc. (https://valuechain.wiki/hca-healthcare.md)
- T3 DoorDash, Inc. (https://valuechain.wiki/doordash.md)
- T3 AppLovin Corporation (https://valuechain.wiki/applovin.md)
- T3 Cintas Corporation (https://valuechain.wiki/cintas.md)
- T3 Colgate-Palmolive Company (https://valuechain.wiki/colgate-palmolive.md)
- T3 Honeywell Technologies (https://valuechain.wiki/honeywell-technologies.md)
- T3 AutoZone (https://valuechain.wiki/autozone.md)
- T3 eBay Inc. (https://valuechain.wiki/ebay.md)
- T3 Expedia Group, Inc. (https://valuechain.wiki/expedia-group.md)
- T3 Ingersoll Rand Inc. (https://valuechain.wiki/ingersoll-rand.md)
- T3 Omnicom Group Inc. (https://valuechain.wiki/omnicom-group.md)
- T2 Mercury Systems (https://valuechain.wiki/mercury-systems.md)
- T3 RTX (https://valuechain.wiki/rtx.md)
- T3 Lockheed Martin (https://valuechain.wiki/lockheed-martin.md)
- T2 ASUSTeK Computer (https://valuechain.wiki/asustek.md)
- T2 F5, Inc. (https://valuechain.wiki/f5.md)
- T1 TSMC (https://valuechain.wiki/tsmc.md)
- T2 Apple (https://valuechain.wiki/apple.md)
- T3 T-Mobile US, Inc. (https://valuechain.wiki/t-mobile-us.md)
- T3 Target Corporation (https://valuechain.wiki/target.md)
- T2 Broadcom (https://valuechain.wiki/broadcom.md)
- T3 Meta Platforms (https://valuechain.wiki/meta.md)
- T3 Arista Networks (https://valuechain.wiki/arista.md)
- T3 Eoptolink (https://valuechain.wiki/eoptolink.md)
- T3 NetApp, Inc. (https://valuechain.wiki/netapp.md)
- T2 Marvell (https://valuechain.wiki/marvell.md)
- T3 Amazon (https://valuechain.wiki/amazon.md)
- T2 Astera Labs (https://valuechain.wiki/astera-labs.md)
- T3 NVIDIA (https://valuechain.wiki/nvidia.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)
- T3 SK hynix (https://valuechain.wiki/sk-hynix.md)
- T2 NXP Semiconductors (https://valuechain.wiki/nxp.md)
- T3 Hubbell Incorporated (https://valuechain.wiki/hubbell-incorporated.md)
- T2 MediaTek (https://valuechain.wiki/mediatek.md)
- T3 Samsung Electronics (https://valuechain.wiki/samsung-electronics.md)
- T2 Renesas Electronics (https://valuechain.wiki/renesas.md)
- T3 Toyota Motor Corporation (https://valuechain.wiki/toyota.md)
- T2 Qualcomm (https://valuechain.wiki/qualcomm.md)
- T3 Xiaomi (https://valuechain.wiki/xiaomi.md)
- T3 LG Electronics (https://valuechain.wiki/lg-electronics.md)
- T3 General Motors (https://valuechain.wiki/general-motors.md)
- T3 Kyocera (https://valuechain.wiki/kyocera.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)
- T3 Tesla (https://valuechain.wiki/tesla.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 Phison Electronics (https://valuechain.wiki/phison.md)
- T3 Seagate Technology (https://valuechain.wiki/seagate.md)
- T2 Cerebras Systems (https://valuechain.wiki/cerebras.md)
- T2 Ambarella (https://valuechain.wiki/ambarella.md)
- T3 AeroVironment (https://valuechain.wiki/aerovironment.md)
- T2 AMD (https://valuechain.wiki/amd.md)
- T3 Oracle (https://valuechain.wiki/oracle.md)
- T3 Hewlett Packard Enterprise (https://valuechain.wiki/hpe.md)
- T2 Realtek (https://valuechain.wiki/realtek.md)
- T2 Fortinet (https://valuechain.wiki/fortinet.md)
- T2 Will Semiconductor (https://valuechain.wiki/will-semiconductor.md)
- T1 SMIC (https://valuechain.wiki/smic.md)
- T2 Cambricon (https://valuechain.wiki/cambricon.md)
- T2 Hygon (https://valuechain.wiki/hygon.md)
- T2 GigaDevice (https://valuechain.wiki/gigadevice.md)
- T1 ROHM (https://valuechain.wiki/rohm.md)
- T1 GlobalFoundries (https://valuechain.wiki/globalfoundries.md)
- T2 Motorola Solutions, Inc. (https://valuechain.wiki/motorola-solutions.md)
- T1 Texas Instruments (https://valuechain.wiki/texas-instruments.md)
- T1 United Microelectronics (UMC) (https://valuechain.wiki/umc.md)
- T1 Tower Semiconductor (https://valuechain.wiki/tower-semiconductor.md)
- T2 Coherent (https://valuechain.wiki/coherent.md)
- T3 InnoLight (https://valuechain.wiki/innolight.md)
- T3 Mitsubishi Electric (https://valuechain.wiki/mitsubishi-electric.md)
- T2 Lumentum (https://valuechain.wiki/lumentum.md)
- T1 onsemi (https://valuechain.wiki/onsemi.md)
- T2 Hyundai Motor Company (https://valuechain.wiki/hyundai-motor-company.md)
- T2 Flex Ltd. (https://valuechain.wiki/flex-ltd.md)
- T3 Palo Alto Networks (https://valuechain.wiki/palo-alto-networks.md)
- T1 Nanya Technology (https://valuechain.wiki/nanya-tech.md)

## Supply chain (benefiting)
- T1 MKS Instruments (https://valuechain.wiki/mks-instruments.md)
- T1 TCK (Tokai Carbon Korea) (https://valuechain.wiki/tck.md)
- T2 KC Tech (https://valuechain.wiki/kc-tech.md)
- T2 Tokai Carbon (https://valuechain.wiki/tokai-carbon.md)
- T1 Advanced Energy Industries (https://valuechain.wiki/advanced-energy.md)
- T1 Ichor Holdings (https://valuechain.wiki/ichor-holdings.md)
- T1 SMC Corporation (https://valuechain.wiki/smc.md)

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Full node: https://valuechain.wiki/applied-materials.md · JSON: https://valuechain.wiki/applied-materials.json