{"slug":"ase","name":"ASE테크놀로지","name_en":"ASE Technology","ticker":"ASX","updated_at":"2026-07-12T08:20:17.234167+00:00","canonical":"https://valuechain.wiki/ase","same_as":["https://finance.yahoo.com/quote/ASX","https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1122411"],"citable":"밸류체인 그래프 기준 ASE테크놀로지의 직접 연결 기업은 11곳(관계 기준 공급 9·매출 2)이고, 사슬을 2차까지 넓히면 50곳에 닿는다. 링크의 근거 출처는 15건이며 그중 1차공시가 4건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, ASE Technology is directly linked to 11 companies (9 supply, 2 revenue relationships) and reaches 50 companies within two hops; the links are backed by 15 dated sources, 4 of them primary filings (as of 2026-07-12).","kicker":"세계 1위 OSAT (패키징·테스트)","kicker_en":"World’s largest OSAT (packaging & test)","lead":"세계 1위 OSAT(후공정 패키징·테스트). FY2025 매출 약 $19B(분기 ~$5B). TSMC가 넘긴 CoWoS 첨단 패키징·테스트 물량을 받아 엔비디아·AMD 등 AI 칩 고객을 지원하며, 첨단 패키징 매출이 2024 $0.45B→2025 $1.1B로 급증했다.","lead_en":"The world’s largest OSAT (back-end packaging and test). FY2025 revenue about $19B (~$5B per quarter). It absorbs CoWoS advanced-packaging and test volume that TSMC overflows, serving AI-chip customers such as Nvidia and AMD; advanced-packaging revenue jumped from $0.45B (2024) to $1.1B (2025).","segments":{"fy":2025,"parts":[{"desc":"첨단 패키징(CoWoS-S/L)·테스트","name":"ATM (패키징·테스트)"},{"desc":"전자제조 서비스","name":"EMS"}],"total":"FY2025 매출 약 $19B (첨단 패키징 $1.1B, +144%)","source":"https://www.sec.gov/Archives/edgar/data/0001122411/000119312526135585/d50802d20f.htm","concentration":"세계 1위 OSAT. 고객 엔비디아·AMD 등 팹리스. TSMC CoWoS 오버플로우 수혜."},"segments_en":{"parts":[{"desc":"Advanced packaging (CoWoS-S/L), test","name":"ATM (packaging & test)"},{"desc":"Electronics manufacturing services","name":"EMS"}],"total":"FY2025 revenue about $19B (advanced packaging $1.1B, +144%)","concentration":"World’s #1 OSAT. Customers Nvidia, AMD and other fabless. Benefits from TSMC CoWoS overflow."},"returns_yearly":{"2021":38.3,"2022":-12.8,"2023":60.9,"2024":10.1,"2025":65.6,"2026":167.6},"return_asof":"2026-07-10","value_chain":{"leading":[{"slug":"nebius","name":"Nebius","name_en":"Nebius Group","tier":3,"returns_yearly":{"2025":202.2,"2026":162.4}},{"slug":"datadog","name":"Datadog","name_en":"Datadog","tier":3,"returns_yearly":{"2021":80.9,"2022":-58.7,"2023":65.1,"2024":17.7,"2025":-4.8,"2026":89.4}},{"slug":"palo-alto-networks","name":"팔로알토 네트웍스","name_en":"Palo Alto Networks","tier":3,"returns_yearly":{"2021":56.7,"2022":-24.8,"2023":111.3,"2024":23.4,"2025":1.2,"2026":76.9}},{"slug":"crowdstrike","name":"CrowdStrike","name_en":"CrowdStrike","tier":3,"returns_yearly":{"2021":-3.3,"2022":-48.6,"2023":142.5,"2024":34,"2025":37,"2026":59.7}},{"slug":"illumina","name":"Illumina","name_en":"Illumina","tier":3,"returns_yearly":{"2021":2.8,"2022":-46.9,"2023":-31.1,"2024":-1.3,"2025":-1.8,"2026":45}},{"slug":"planet-labs","name":"플래닛랩스","name_en":"Planet Labs","tier":3,"returns_yearly":{"2022":-29.3,"2023":-43.2,"2024":63.6,"2025":388.1,"2026":32.1}},{"slug":"starbucks","name":"Starbucks Corp","name_en":"Starbucks Corp","tier":3,"returns_yearly":{"2021":11.1,"2022":-13.2,"2023":-1.2,"2024":-2.5,"2025":-5.3,"2026":27.4}},{"slug":"coreweave","name":"CoreWeave","name_en":"CoreWeave","tier":3,"returns_yearly":{"2026":24.1}},{"slug":"johnson-controls","name":"존슨 컨트롤스","name_en":"Johnson Controls","tier":3,"returns_yearly":{"2021":77.4,"2022":-19.3,"2023":-7.6,"2024":39.8,"2025":53,"2026":20}},{"slug":"snowflake","name":"Snowflake","name_en":"Snowflake","tier":3,"returns_yearly":{"2021":20.4,"2022":-57.6,"2023":38.6,"2024":-22.4,"2025":42.1,"2026":19.2}},{"slug":"apple","name":"Apple","name_en":"Apple","tier":3,"returns_yearly":{"2021":34.6,"2022":-26.4,"2023":49,"2024":30.7,"2025":9.1,"2026":16.2}},{"slug":"airbnb","name":"Airbnb Inc","name_en":"Airbnb Inc","tier":3,"returns_yearly":{"2022":-48.6,"2023":59.2,"2024":-3.5,"2025":3.3,"2026":9.5}},{"slug":"lockheed-martin","name":"Lockheed Martin","name_en":"Lockheed Martin","tier":3,"returns_yearly":{"2021":3.2,"2022":40.5,"2023":-4.3,"2024":10,"2025":2.5,"2026":9.5}},{"slug":"rtx","name":"RTX","name_en":"RTX","tier":3,"returns_yearly":{"2021":23.3,"2022":20,"2023":-14.4,"2024":40.8,"2025":61.4,"2026":7.6}},{"slug":"costco","name":"Costco Wholesale","name_en":"Costco Wholesale","tier":3,"returns_yearly":{"2021":51.8,"2022":-19,"2023":49,"2024":39.6,"2025":-5.4,"2026":6.6}},{"slug":"procter-gamble","name":"Procter & Gamble","name_en":"Procter & Gamble","tier":3,"returns_yearly":{"2021":20.5,"2022":-5,"2023":-0.9,"2024":17.3,"2025":-12.3,"2026":4.1}},{"slug":"walmart","name":"Walmart Inc","name_en":"Walmart Inc","tier":3,"returns_yearly":{"2021":2,"2022":-0.5,"2023":12.9,"2024":74,"2025":24.5,"2026":2.6}},{"slug":"mazda-motor","name":"마쓰다","name_en":"Mazda Motor","tier":3,"returns_yearly":{"2021":18.8,"2022":22.8,"2023":81.1,"2024":-39,"2025":17.3,"2026":-3.2}},{"slug":"schrodinger","name":"Schrödinger","name_en":"Schrodinger","tier":3,"returns_yearly":{"2021":-56,"2022":-46.3,"2023":91.5,"2024":-46.1,"2025":-7.3,"2026":-7.8}},{"slug":"mercadolibre","name":"MercadoLibre","name_en":"MercadoLibre, Inc.","tier":3,"returns_yearly":{"2021":-19.5,"2022":-37.2,"2023":85.7,"2024":8.2,"2025":18.5,"2026":-8}},{"slug":"uber","name":"Uber","name_en":"Uber","tier":3,"returns_yearly":{"2021":-17.8,"2022":-41,"2023":149,"2024":-2,"2025":35.5,"2026":-8.8}},{"slug":"mcdonalds","name":"McDonald's","name_en":"McDonald's","tier":3,"returns_yearly":{"2021":27.8,"2022":0.5,"2023":15.1,"2024":0.1,"2025":7.9,"2026":-9}},{"slug":"lvmh","name":"LVMH","name_en":"LVMH Moet Hennessy Louis Vuitton","tier":3,"returns_yearly":{"2021":46.6,"2022":12.7,"2023":-1.8,"2024":-7.3,"2025":-20.4,"2026":-9}},{"slug":"recursion","name":"Recursion Pharmaceuticals","name_en":"Recursion Pharmaceuticals","tier":3,"returns_yearly":{"2022":-55,"2023":27.9,"2024":-31.4,"2025":-39.5,"2026":-13}},{"slug":"disney","name":"Disney","name_en":"The Walt Disney Company","tier":3,"returns_yearly":{"2021":-14.5,"2022":-43.9,"2023":4.3,"2024":24.4,"2025":3.3,"2026":-15.3}},{"slug":"meituan","name":"메이퇀","name_en":"Meituan","tier":3,"returns_yearly":{"2021":-38.1,"2022":-20.7,"2023":-64.2,"2024":137.6,"2025":-34.6,"2026":-19}},{"slug":"coupang","name":"Coupang","name_en":"Coupang","tier":3,"returns_yearly":{"2022":-49.9,"2023":10.1,"2024":35.8,"2025":7.3,"2026":-20.3}},{"slug":"netflix","name":"Netflix","name_en":"Netflix","tier":3,"returns_yearly":{"2021":11.4,"2022":-51.1,"2023":65.1,"2024":83.1,"2025":5.2,"2026":-21.7}},{"slug":"shopify","name":"Shopify","name_en":"Shopify","tier":3,"returns_yearly":{"2021":21.7,"2022":-74.8,"2023":124.4,"2024":36.5,"2025":51.4,"2026":-23.9}},{"slug":"palantir","name":"Palantir","name_en":"Palantir Technologies","tier":3,"returns_yearly":{"2021":-22.7,"2022":-64.7,"2023":167.4,"2024":340.5,"2025":135,"2026":-28.7}},{"slug":"servicenow","name":"ServiceNow","name_en":"ServiceNow","tier":3,"returns_yearly":{"2021":17.9,"2022":-40.2,"2023":82,"2024":50.1,"2025":-27.7,"2026":-29.7}},{"slug":"beijing-kingsoft-office-software","name":"킹소프트 오피스","name_en":"Beijing Kingsoft Office Software","tier":3,"returns_yearly":{"2021":-41.3,"2022":16,"2023":-23.7,"2024":47.1,"2025":7.6,"2026":-30.2}},{"slug":"openai","name":"OpenAI","name_en":"OpenAI","tier":3,"returns_yearly":null},{"slug":"anthropic","name":"Anthropic","name_en":"Anthropic","tier":3,"returns_yearly":null},{"slug":"dell","name":"Dell","name_en":"Dell Technologies","tier":2,"returns_yearly":{"2021":51.2,"2022":-26.6,"2023":95.9,"2024":53,"2025":11.2,"2026":248.1}},{"slug":"lenovo","name":"Lenovo","name_en":"Lenovo","tier":2,"returns_yearly":{"2021":-4.6,"2022":-20.9,"2023":36.2,"2024":18.2,"2025":-0.6,"2026":175.7}},{"slug":"hpe","name":"HPE","name_en":"Hewlett Packard Enterprise","tier":2,"returns_yearly":{"2021":37.4,"2022":4.5,"2023":9.7,"2024":29.1,"2025":15.5,"2026":104}},{"slug":"terawulf","name":"TeraWulf","name_en":"TeraWulf","tier":2,"returns_yearly":{"2021":77.1,"2022":-95.5,"2023":258.2,"2024":135.8,"2025":103,"2026":91.2}},{"slug":"aurora","name":"Aurora Innovation","name_en":"Aurora Innovation","tier":2,"returns_yearly":{"2022":-89.3,"2023":261.2,"2024":44.2,"2025":-39,"2026":66.1}},{"slug":"mercury-systems","name":"Mercury Systems","name_en":"Mercury Systems","tier":2,"returns_yearly":{"2021":-37.5,"2022":-18.7,"2023":-18.3,"2024":14.8,"2025":73.8,"2026":47.9}},{"slug":"asustek","name":"에이수스(ASUS)","name_en":"ASUSTeK Computer","tier":2,"returns_yearly":{"2021":35.5,"2022":-12.9,"2023":72,"2024":41.1,"2025":-14.1,"2026":46.7}},{"slug":"wiwynn","name":"Wiwynn","name_en":"Wiwynn","tier":2,"returns_yearly":{"2021":24.7,"2022":-22.3,"2023":206.4,"2024":3.5,"2025":64.4,"2026":45.1}},{"slug":"gigabyte","name":"기가바이트","name_en":"Gigabyte Technology","tier":2,"returns_yearly":{"2021":82.3,"2022":-3.4,"2023":173.2,"2024":-15.9,"2025":-4.7,"2026":44.4}},{"slug":"cloudflare","name":"Cloudflare","name_en":"Cloudflare","tier":2,"returns_yearly":{"2021":73,"2022":-65.6,"2023":84.2,"2024":29.3,"2025":83.1,"2026":36.1}},{"slug":"quanta","name":"Quanta","name_en":"Quanta Computer","tier":2,"returns_yearly":{"2021":22.2,"2022":-12.8,"2023":254.5,"2024":12.7,"2025":8.9,"2026":33.4}},{"slug":"sk-telecom","name":"SK텔레콤","name_en":"SK Telecom","tier":2,"returns_yearly":{"2021":7.9,"2022":-12,"2023":15.8,"2024":15.5,"2025":37.5,"2026":23.4}},{"slug":"celestica","name":"Celestica","name_en":"Celestica","tier":2,"returns_yearly":{"2021":37.9,"2022":1.3,"2023":159.8,"2024":215.2,"2025":220.3,"2026":21.7}},{"slug":"geely-auto","name":"지리자동차","name_en":"Geely Auto","tier":2,"returns_yearly":{"2021":-40.8,"2022":-22.9,"2023":-40.3,"2024":98.5,"2025":14.5,"2026":18.9}},{"slug":"wistron","name":"위스트론","name_en":"Wistron","tier":2,"returns_yearly":{"2021":7.9,"2022":9.7,"2023":272.7,"2024":-1.6,"2025":22.7,"2026":14.8}},{"slug":"alphabet","name":"알파벳 (구글)","name_en":"Alphabet (Google)","tier":2,"returns_yearly":{"2021":65.3,"2022":-39.1,"2023":58.3,"2024":36,"2025":66,"2026":14.3}},{"slug":"foxconn","name":"Foxconn","name_en":"Foxconn (Hon Hai)","tier":2,"returns_yearly":{"2021":-5.1,"2022":2.8,"2023":7.8,"2024":80.1,"2025":26.9,"2026":10.9}},{"slug":"iren","name":"IREN","name_en":"IREN","tier":2,"returns_yearly":{"2022":-92.3,"2023":472,"2024":37.3,"2025":284.6,"2026":8.9}},{"slug":"amazon","name":"아마존","name_en":"Amazon","tier":2,"returns_yearly":{"2021":2.4,"2022":-49.6,"2023":80.9,"2024":44.4,"2025":5.2,"2026":6.3}},{"slug":"meta","name":"메타 플랫폼스","name_en":"Meta Platforms","tier":2,"returns_yearly":{"2021":23.1,"2022":-64.2,"2023":194.1,"2024":66,"2025":13.1,"2026":1.6}},{"slug":"tempus-ai","name":"Tempus AI","name_en":"Tempus AI","tier":2,"returns_yearly":{"2025":74.9,"2026":-1.4}},{"slug":"ibm","name":"IBM","name_en":"IBM","tier":2,"returns_yearly":{"2021":16.7,"2022":10.6,"2023":21.8,"2024":39.3,"2025":38.2,"2026":-1.6}},{"slug":"super-micro","name":"Super Micro","name_en":"Super Micro","tier":2,"returns_yearly":{"2021":38.8,"2022":86.8,"2023":246.2,"2024":7.2,"2025":-4,"2026":-3.3}},{"slug":"general-motors","name":"제너럴 모터스","name_en":"General Motors","tier":2,"returns_yearly":{"2021":40.8,"2022":-42.4,"2023":7.9,"2024":49.8,"2025":54.2,"2026":-3.8}},{"slug":"ionq","name":"IonQ","name_en":"IonQ","tier":2,"returns_yearly":{"2022":-79.3,"2023":259.1,"2024":237.1,"2025":7.4,"2026":-4.5}},{"slug":"hyundai-motor-company","name":"현대차","name_en":"Hyundai Motor Company","tier":2,"returns_yearly":{"2021":-16.7,"2022":-4.7,"2023":16.2,"2024":12.3,"2025":158.8,"2026":-7.8}},{"slug":"tesla","name":"Tesla","name_en":"Tesla","tier":2,"returns_yearly":{"2021":49.8,"2022":-65,"2023":101.7,"2024":62.5,"2025":11.4,"2026":-9.3}},{"slug":"toyota","name":"Toyota Motor Corporation","name_en":"Toyota Motor Corporation","tier":2,"returns_yearly":{"2021":58.1,"2022":-13.4,"2023":63,"2024":1.8,"2025":21.8,"2026":-18.2}},{"slug":"microsoft","name":"마이크로소프트","name_en":"Microsoft","tier":2,"returns_yearly":{"2021":52.5,"2022":-28,"2023":58.2,"2024":12.9,"2025":15.6,"2026":-20}},{"slug":"alibaba","name":"알리바바","name_en":"Alibaba Group","tier":2,"returns_yearly":{"2021":-49,"2022":-25.8,"2023":-10.8,"2024":11.8,"2025":75.8,"2026":-22.7}},{"slug":"tencent-holdings-limited","name":"텐센트","name_en":"Tencent Holdings Limited","tier":2,"returns_yearly":{"2021":-28.6,"2022":-14.2,"2023":-28.7,"2024":49.8,"2025":52.1,"2026":-23.2}},{"slug":"baidu","name":"바이두","name_en":"Baidu","tier":2,"returns_yearly":{"2022":-8.2,"2023":-23.4,"2024":-13.5,"2025":74.2,"2026":-24.5}},{"slug":"rigetti","name":"Rigetti Computing","name_en":"Rigetti Computing","tier":2,"returns_yearly":{"2022":-92.9,"2023":35.1,"2024":1449.2,"2025":45.2,"2026":-25.3}},{"slug":"oracle","name":"Oracle","name_en":"Oracle","tier":2,"returns_yearly":{"2021":36.9,"2022":-4.6,"2023":30.9,"2024":60,"2025":18.1,"2026":-27.4}},{"slug":"kratos","name":"Kratos","name_en":"Kratos Defense","tier":2,"returns_yearly":{"2021":-29.3,"2022":-46.8,"2023":96.6,"2024":30,"2025":187.8,"2026":-36.5}},{"slug":"pony-ai","name":"Pony.ai","name_en":"Pony.ai","tier":2,"returns_yearly":{"2025":1,"2026":-54.6}},{"slug":"amd","name":"AMD","name_en":"AMD","tier":1,"returns_yearly":{"2021":56.9,"2022":-55,"2023":127.6,"2024":-18.1,"2025":77.3,"2026":160.5}},{"slug":"nvidia","name":"NVIDIA","name_en":"NVIDIA","tier":1,"returns_yearly":{"2021":125.5,"2022":-50.3,"2023":239,"2024":171.2,"2025":38.9,"2026":13.3}}],"benefiting":[{"slug":"samsung-electro-mechanics","name":"삼성전기","name_en":"Samsung Electro-Mechanics","tier":1,"returns_yearly":{"2021":-11.8,"2022":-18.5,"2023":-1.4,"2024":-2.5,"2025":110,"2026":467.7}},{"slug":"kulicke-soffa","name":"Kulicke & Soffa","name_en":"Kulicke & Soffa","tier":1,"returns_yearly":{"2021":92.4,"2022":-25.8,"2023":25.5,"2024":-13.2,"2025":-0.3,"2026":150.1}},{"slug":"cohu","name":"코후","name_en":"Cohu","tier":1,"returns_yearly":{"2021":-0.2,"2022":-15.9,"2023":10.4,"2024":-24.6,"2025":-12.8,"2026":141.4}},{"slug":"resonac","name":"Resonac","name_en":"Resonac","tier":1,"returns_yearly":{"2021":-2.6,"2022":-4,"2023":37.5,"2024":30.3,"2025":137.9,"2026":80.4}},{"slug":"besi","name":"BESI","name_en":"BESI","tier":1,"returns_yearly":{"2021":33.7,"2022":-6.1,"2023":121.8,"2024":-9.3,"2025":35,"2026":56.2}},{"slug":"camtek","name":"Camtek","name_en":"Camtek","tier":1,"returns_yearly":{"2021":110.1,"2022":-52.3,"2023":215.9,"2024":18.3,"2025":31.7,"2026":35.2}},{"slug":"disco","name":"디스코","name_en":"Disco Corporation","tier":1,"returns_yearly":{"2021":-6.6,"2022":27.7,"2023":218.5,"2024":11.6,"2025":49.6,"2026":10.2}},{"slug":"samsung-electronics","name":"삼성전자","name_en":"Samsung Electronics","tier":2,"returns_yearly":{"2021":-9,"2022":-14.2,"2023":20.9,"2024":-26.4,"2025":212.9,"2026":77.9}},{"slug":"ajinomoto","name":"Ajinomoto","name_en":"Ajinomoto","tier":2,"returns_yearly":{"2021":31,"2022":36,"2023":44.5,"2024":4,"2025":14.1,"2026":63.7}},{"slug":"cosmo-advanced-materials-technology","name":"코스모신소재","name_en":"Cosmo Advanced Materials & Technology","tier":2,"returns_yearly":{"2021":121.4,"2022":48.7,"2023":128.9,"2024":-60.4,"2025":-3.4,"2026":-22.5}},{"slug":"jusung-engineering","name":"주성엔지니어링","name_en":"Jusung Engineering","tier":3,"returns_yearly":{"2021":127.9,"2022":-42.6,"2023":173.3,"2024":-3.1,"2025":30.7,"2026":364.1}},{"slug":"sumco","name":"섬코","name_en":"SUMCO Corporation","tier":3,"returns_yearly":{"2021":-4.3,"2022":-3.9,"2023":21.3,"2024":-48.1,"2025":41.7,"2026":225.8}},{"slug":"psk-inc","name":"피에스케이","name_en":"PSK Inc","tier":3,"returns_yearly":{"2021":22.7,"2022":-19.6,"2023":14.2,"2024":-2.6,"2025":228.2,"2026":208}},{"slug":"lg-innotek","name":"LG이노텍","name_en":"LG Innotek","tier":3,"returns_yearly":{"2021":78.2,"2022":-22,"2023":-28.8,"2024":-22.1,"2025":66.8,"2026":204.6}},{"slug":"arm","name":"Arm Holdings","name_en":"Arm Holdings","tier":3,"returns_yearly":{"2024":64.2,"2025":-11.4,"2026":195.8}},{"slug":"globalwafers","name":"GlobalWafers","name_en":"GlobalWafers","tier":3,"returns_yearly":{"2021":26.9,"2022":-29.9,"2023":14.3,"2024":-39,"2025":48.9,"2026":171.6}},{"slug":"applied-materials","name":"어플라이드 머티어리얼즈","name_en":"Applied Materials","tier":3,"returns_yearly":{"2021":83.6,"2022":-37.5,"2023":68,"2024":1.1,"2025":59.6,"2026":135}},{"slug":"mediatek","name":"미디어텍","name_en":"MediaTek","tier":3,"returns_yearly":{"2021":27.8,"2022":-26.6,"2023":52.9,"2024":58.3,"2025":24.9,"2026":124.3}},{"slug":"arteris","name":"Arteris","name_en":"Arteris","tier":3,"returns_yearly":{"2022":-79.6,"2023":37,"2024":73,"2025":52.1,"2026":124.3}},{"slug":"formfactor","name":"FormFactor","name_en":"FormFactor","tier":3,"returns_yearly":{"2021":6.3,"2022":-51.4,"2023":87.6,"2024":5.5,"2025":26.8,"2026":110.7}},{"slug":"kc-tech","name":"케이씨텍","name_en":"KC Tech","tier":3,"returns_yearly":{"2021":-24.2,"2022":-6.1,"2023":57.9,"2024":5.9,"2025":56.7,"2026":108.1}},{"slug":"lam-research","name":"램리서치","name_en":"Lam Research","tier":3,"returns_yearly":{"2021":53.7,"2022":-40.7,"2023":88.6,"2024":-6.8,"2025":139.2,"2026":105}},{"slug":"jcet","name":"JCET","name_en":"JCET (Jiangsu Changjiang Electronics)","tier":3,"returns_yearly":{"2021":-34,"2022":0.2,"2023":-15.2,"2024":73.3,"2025":28,"2026":104.6}},{"slug":"onto-innovation","name":"Onto Innovation","name_en":"Onto Innovation","tier":3,"returns_yearly":{"2021":112.9,"2022":-32.7,"2023":124.6,"2024":9,"2025":-5.3,"2026":103.6}},{"slug":"simmtech","name":"심텍","name_en":"Simmtech","tier":3,"returns_yearly":{"2021":119.6,"2022":-34.6,"2023":12.4,"2024":-63.3,"2025":392.9,"2026":94.9}},{"slug":"daeduck","name":"대덕전자","name_en":"Daeduck Electronics","tier":3,"returns_yearly":{"2021":64.2,"2022":-0.3,"2023":13.3,"2024":-22.7,"2025":250.2,"2026":92.1}},{"slug":"kla","name":"KLA","name_en":"KLA","tier":3,"returns_yearly":{"2021":68,"2022":-11.2,"2023":56,"2024":9.4,"2025":94.5,"2026":91}},{"slug":"screen-holdings","name":"SCREEN Holdings","name_en":"SCREEN Holdings","tier":3,"returns_yearly":{"2021":40.7,"2022":-13.2,"2023":220.1,"2024":-24.1,"2025":84.9,"2026":86.3}},{"slug":"teradyne","name":"Teradyne","name_en":"Teradyne","tier":3,"returns_yearly":{"2021":36.8,"2022":-46.3,"2023":24.8,"2024":16.5,"2025":54.4,"2026":85.9}},{"slug":"asmpt","name":"ASMPT","name_en":"ASMPT","tier":3,"returns_yearly":{"2021":-29,"2022":-12.4,"2023":21.8,"2024":-4.8,"2025":47.6,"2026":82}},{"slug":"tokyo-electron","name":"도쿄일렉트론","name_en":"Tokyo Electron (TEL)","tier":3,"returns_yearly":{"2021":40.4,"2022":-14.5,"2023":89.8,"2024":-4.4,"2025":61.6,"2026":78.2}},{"slug":"qnity-electronics","name":"퀴니티 일렉트로닉스","name_en":"Qnity Electronics","tier":3,"returns_yearly":{"2026":76.3}},{"slug":"entegris","name":"Entegris","name_en":"Entegris","tier":3,"returns_yearly":{"2021":44.6,"2022":-52.5,"2023":83.5,"2024":-17.1,"2025":-14.6,"2026":72.8}},{"slug":"kokusai-electric","name":"Kokusai Electric","name_en":"Kokusai Electric","tier":3,"returns_yearly":{"2024":-35.4,"2025":165.3,"2026":70}},{"slug":"asml","name":"ASML","name_en":"ASML","tier":3,"returns_yearly":{"2021":64.1,"2022":-30.5,"2023":39.9,"2024":-7.7,"2025":55.8,"2026":68.6}},{"slug":"foosung","name":"후성","name_en":"Foosung","tier":3,"returns_yearly":{"2021":59.9,"2022":-33.5,"2023":-34.5,"2024":-39.1,"2025":67.4,"2026":62.2}},{"slug":"fujimi","name":"Fujimi","name_en":"Fujimi Incorporated","tier":3,"returns_yearly":{"2021":64.7,"2022":-1.6,"2023":40.4,"2024":-24.2,"2025":28.4,"2026":54.6}},{"slug":"eugene-tech","name":"유진테크","name_en":"Eugene Technology","tier":3,"returns_yearly":{"2021":28.1,"2022":-45.1,"2023":64.1,"2024":-12.6,"2025":202.5,"2026":49.5}},{"slug":"montage","name":"Montage Technology","name_en":"Montage Technology","tier":3,"returns_yearly":{"2021":-18.2,"2022":-21.8,"2023":-18,"2024":51.4,"2025":169,"2026":47.4}},{"slug":"shin-etsu","name":"신에쓰화학","name_en":"Shin-Etsu Chemical","tier":3,"returns_yearly":{"2021":6.3,"2022":3.1,"2023":57.8,"2024":-15.6,"2025":7.6,"2026":44}},{"slug":"samsung-e-a","name":"삼성E&A","name_en":"Samsung E&A","tier":3,"returns_yearly":{"2021":74.5,"2022":20,"2023":-13.7,"2024":-15.9,"2025":76.7,"2026":43.2}},{"slug":"tokyo-ohka","name":"Tokyo Ohka Kogyo","name_en":"Tokyo Ohka Kogyo (TOK)","tier":3,"returns_yearly":{"2021":-2.7,"2022":-3,"2023":63.8,"2024":4.3,"2025":111.5,"2026":42.9}},{"slug":"ebara","name":"Ebara","name_en":"Ebara","tier":3,"returns_yearly":{"2021":58.1,"2022":2.3,"2023":76.1,"2024":41,"2025":84,"2026":32.3}},{"slug":"asm-international","name":"ASM International","name_en":"ASM International","tier":3,"returns_yearly":{"2021":44.2,"2022":2.9,"2023":68.7,"2024":10.3,"2025":25.9,"2026":28.8}},{"slug":"powertech","name":"파워텍 (PTI)","name_en":"Powertech Technology (PTI)","tier":3,"returns_yearly":{"2021":4.8,"2022":-7.5,"2023":86,"2024":-16,"2025":128.6,"2026":26}},{"slug":"linde","name":"Linde","name_en":"Linde","tier":3,"returns_yearly":{"2021":33.4,"2022":-4.4,"2023":27.7,"2024":3.2,"2025":3.2,"2026":25.1}},{"slug":"air-products","name":"에어프로덕츠","name_en":"Air Products and Chemicals","tier":3,"returns_yearly":{"2021":13.8,"2022":3.9,"2023":-9,"2024":8.1,"2025":-12.7,"2026":23.7}},{"slug":"cadence","name":"Cadence Design Systems","name_en":"Cadence Design Systems","tier":3,"returns_yearly":{"2021":36.6,"2022":-13.8,"2023":69.6,"2024":10.3,"2025":4,"2026":22.9}},{"slug":"lasertec","name":"Lasertec","name_en":"Lasertec","tier":3,"returns_yearly":{"2021":78.9,"2022":2.4,"2023":57,"2024":-60.6,"2025":138.9,"2026":22.4}},{"slug":"advantest","name":"Advantest","name_en":"Advantest","tier":3,"returns_yearly":{"2021":17,"2022":-2.3,"2023":155.7,"2024":49.5,"2025":196,"2026":17.1}},{"slug":"sumitomo-chemical","name":"스미토모화학","name_en":"Sumitomo Chemical","tier":3,"returns_yearly":{"2021":19.6,"2022":-9.1,"2023":-27.7,"2024":-2.2,"2025":43.9,"2026":16}},{"slug":"nepes","name":"네패스","name_en":"Nepes","tier":3,"returns_yearly":{"2021":-29.5,"2022":-44,"2023":6.7,"2024":-62.7,"2025":179.2,"2026":15.1}},{"slug":"merck-kgaa","name":"Merck KGaA","name_en":"Merck KGaA (EMD)","tier":3,"returns_yearly":{"2021":42.2,"2022":-0.4,"2023":-19.1,"2024":-2.5,"2025":-12.7,"2026":13.5}},{"slug":"air-liquide","name":"Air Liquide","name_en":"Air Liquide","tier":3,"returns_yearly":{"2021":14.1,"2022":7.9,"2023":20.9,"2024":8.5,"2025":-4.8,"2026":12.5}},{"slug":"wonik-qnc","name":"원익QnC","name_en":"Wonik QnC","tier":3,"returns_yearly":{"2021":26.2,"2022":2,"2023":11.9,"2024":-33.7,"2025":53.4,"2026":9.3}},{"slug":"wonik-ips","name":"원익IPS","name_en":"Wonik IPS","tier":3,"returns_yearly":{"2021":-19.7,"2022":-19.8,"2023":-0.2,"2024":-25.5,"2025":408.8,"2026":9.3}},{"slug":"sqm","name":"SQM","name_en":"Sociedad Química y Minera de Chile S.A.","tier":3,"returns_yearly":{"2021":6.8,"2022":71.8,"2023":-18.3,"2024":-39.4,"2025":89.2,"2026":7.6}},{"slug":"hanmi-semiconductor","name":"한미반도체","name_en":"Hanmi Semiconductor","tier":3,"returns_yearly":{"2021":98.5,"2022":-21.7,"2023":313.1,"2024":93.7,"2025":87.9,"2026":5.5}},{"slug":"hana-micron","name":"하나마이크론","name_en":"Hana Micron","tier":3,"returns_yearly":{"2021":109,"2022":-41,"2023":143.5,"2024":-52.4,"2025":269.3,"2026":5.3}},{"slug":"qorvo","name":"코보","name_en":"Qorvo","tier":3,"returns_yearly":{"2021":-5.9,"2022":-42,"2023":24.2,"2024":-37.9,"2025":20.8,"2026":1.5}},{"slug":"eo-technics","name":"이오테크닉스","name_en":"EO Technics","tier":3,"returns_yearly":{"2021":7.6,"2022":-28.2,"2023":130.5,"2024":-16.2,"2025":163.2,"2026":0.7}},{"slug":"isc","name":"아이에스시","name_en":"ISC","tier":3,"returns_yearly":{"2021":43.2,"2022":14.2,"2023":116.5,"2024":-11.9,"2025":126.8,"2026":0.3}},{"slug":"hpsp","name":"HPSP","name_en":"HPSP","tier":3,"returns_yearly":{"2023":216.5,"2024":-30.4,"2025":54.7,"2026":-4.5}},{"slug":"synopsys","name":"Synopsys","name_en":"Synopsys","tier":3,"returns_yearly":{"2021":42.1,"2022":-13.4,"2023":61.3,"2024":-5.7,"2025":-3.2,"2026":-5.2}},{"slug":"lg-display","name":"LG디스플레이","name_en":"LG Display","tier":3,"returns_yearly":{"2021":-6.8,"2022":-30.9,"2023":-8.5,"2024":-20.6,"2025":26.2,"2026":-5.7}},{"slug":"photronics","name":"Photronics","name_en":"Photronics","tier":3,"returns_yearly":{"2021":68.9,"2022":-10.7,"2023":86.4,"2024":-24.9,"2025":35.8,"2026":-6.6}},{"slug":"albemarle","name":"Albemarle","name_en":"Albemarle","tier":3,"returns_yearly":{"2021":59.8,"2022":-6.6,"2023":-32.8,"2024":-39.5,"2025":67.7,"2026":-10.4}},{"slug":"park-systems","name":"파크시스템스","name_en":"Park Systems","tier":3,"returns_yearly":{"2021":25.1,"2022":1.6,"2023":41.6,"2024":37.3,"2025":28.9,"2026":-11.2}},{"slug":"hana-materials","name":"하나머티리얼즈","name_en":"Hana Materials","tier":3,"returns_yearly":{"2021":106,"2022":-30.5,"2023":26.1,"2024":-47.4,"2025":173.9,"2026":-15.7}},{"slug":"dongjin-semichem","name":"동진쎄미켐","name_en":"Dongjin Semichem","tier":3,"returns_yearly":{"2021":28.1,"2022":-13.7,"2023":16.1,"2024":-42.8,"2025":160.1,"2026":-15.8}},{"slug":"unitest","name":"유니테스트","name_en":"Uni Test","tier":3,"returns_yearly":{"2021":23.4,"2022":-57.8,"2023":11.3,"2024":-1.6,"2025":6.8,"2026":-24.8}},{"slug":"enf-technology","name":"이엔에프테크놀로지","name_en":"ENF Technology","tier":3,"returns_yearly":{"2021":-32.9,"2022":-23.6,"2023":1.3,"2024":-16.1,"2025":204.6,"2026":-28.4}},{"slug":"leeno","name":"리노공업","name_en":"Leeno Industrial","tier":3,"returns_yearly":{"2021":21,"2022":-5.3,"2023":18.3,"2024":9.5,"2025":150.1,"2026":-30.3}},{"slug":"sfa-semicon","name":"SFA반도체","name_en":"SFA Semicon","tier":3,"returns_yearly":{"2021":-5.8,"2022":-34.1,"2023":48.7,"2024":-48.7,"2025":139.8,"2026":-31.8}},{"slug":"soulbrain","name":"솔브레인","name_en":"Soulbrain","tier":3,"returns_yearly":{"2021":-8.2,"2022":-3.9,"2023":16.6,"2024":-37.6,"2025":192.8,"2026":-35.9}},{"slug":"sns-tech","name":"에스앤에스텍","name_en":"S&S Tech","tier":3,"returns_yearly":{"2021":-17.3,"2022":-5,"2023":45.8,"2024":-31.2,"2025":210.8,"2026":-47.5}},{"slug":"sk-siltron","name":"SK실트론","name_en":"SK Siltron","tier":3,"returns_yearly":null},{"slug":"siemens-eda","name":"Siemens EDA","name_en":"Siemens EDA","tier":3,"returns_yearly":null},{"slug":"hitachi-hightech","name":"히타치 하이테크","name_en":"Hitachi High-Tech","tier":3,"returns_yearly":null},{"slug":"jsr","name":"JSR","name_en":"JSR Corporation","tier":3,"returns_yearly":null}],"analysis":"세계 1위 OSAT(패키징·테스트). 강세가 이어졌고 2026년 +171.3%다. 공급단(평균 +208.1%)이 본주(+171.3%)보다 세게 움직였다. 공급 병목 국면의 전형으로, 본주 마진보다 공급사 물량 레버리지가 먼저 반영되고 있다는 신호다. 연결 노드 중 가장 앞선 곳은 삼성전기(+467.7%), 가장 처진 곳은 엔비디아(+8.7%)다. 격차가 사슬 논리로 설명되면 후자가 다음 전파 후보이고, 설명되지 않으면 그 연결 자체를 다시 봐야 한다. 세계 1위 OSAT. 고객 엔비디아·AMD 등 팹리스. TSMC CoWoS 오버플로우 수혜.","analysis_en":"ASE Technology is the World’s largest OSAT (packaging & test). Momentum stayed firm and it is +171.3% in 2026. The supply side (avg +208.1%) has moved harder than the stock (+171.3%). That is the classic bottleneck pattern: supplier volume leverage is being priced before this layer's own margin. Among connected nodes the furthest ahead is Samsung Electro-Mechanics (+467.7%) and the furthest behind is NVIDIA (+8.7%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It absorbs CoWoS advanced-packaging and test volume that TSMC overflows, serving AI-chip customers such as Nvidia and AMD; advanced-packaging revenue jumped from $0.45B (2024) to $1.1B (2025).","analysis_asof":"2026-07-09"},"edges":[{"direction":"revenue","counterparty":"팹리스·IDM 고객","counterparty_slug":null,"confidence":"high","metric":{"type":"revenue","unit":"USD","basis":"연간 총매출(추정)","value":19000000000,"period":"FY2025","basis_en":"annual total revenue (approx)","qualifier":"approx"},"note":"다수 팹리스·IDM의 패키징·테스트(세계 1위 OSAT). FY2025 매출 약 $19B.","note_en":"Packaging and test for many fabless/IDM customers (world’s #1 OSAT). FY2025 revenue about $19B.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회(SEC EDGAR)","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-04-01","url":"https://www.sec.gov/Archives/edgar/data/0001122411/000119312526135585/d50802d20f.htm","title":"ASE Technology FY2025 Form 20-F","title_en":"ASE Technology FY2025 Form 20-F","excerpt":"세계 1위 OSAT, 분기 매출 약 $5B.","excerpt_en":"World’s #1 OSAT, ~$5B quarterly revenue."},{"stance":"confirms","publisher":"디지타임스","publisher_en":"DigiTimes","kind":"news","lang":"en","published_at":"2025-10-31","url":"https://www.digitimes.com/news/a20251031PD246/ase-advanced-packaging-revenue-testing-2026.html","title":"ASE 첨단 패키징 매출, 2026년 10억달러 증가","title_en":"ASE advanced packaging revenue to rise US$1B in 2026","excerpt":"첨단 패키징 매출 2024 $0.45B→2025 $1.1B.","excerpt_en":"Advanced packaging revenue $0.45B (2024) to $1.1B (2025)."}]},{"direction":"cost","counterparty":"Kulicke & Soffa","counterparty_slug":"kulicke-soffa","confidence":"high","metric":null,"note":"Kulicke & Soffa에서 본딩 장비 매입.","note_en":"Buys bonding equipment from Kulicke & Soffa.","sources":[{"stance":"confirms","publisher":"Business Research Insights","publisher_en":"BRI","kind":"analysis","lang":"en","published_at":"2025-01-01","url":"https://www.businessresearchinsights.com/market-reports/tcb-bonder-market-100089","title":"TCB 본더 시장(K&S·ASMPT·Besi 50%)","title_en":"TCB bonder market","excerpt":"Kulicke & Soffa에서 본딩 장비 매입.","excerpt_en":"Buys bonding equipment from Kulicke & Soffa."},{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2024-11-14","url":"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=KLIC&type=10-K","title":"Kulicke & Soffa 10-K","title_en":"Kulicke & Soffa Form 10-K","excerpt":"Kulicke & Soffa에서 본딩 장비 매입.","excerpt_en":"Buys bonding equipment from Kulicke & Soffa."}]},{"direction":"revenue","counterparty":"NVIDIA","counterparty_slug":"nvidia","confidence":"high","metric":{"fy":2025,"adv_pkg_yoy_pct":144,"group_rev_usd_bn":19,"adv_packaging_usd_bn":1.1},"note":"엔비디아 AI칩의 첨단 패키징(CoWoS 오버플로우)·테스트. TSMC가 넘긴 물량 일부를 수행.","note_en":"Advanced packaging (CoWoS overflow) and test for Nvidia AI chips; absorbs volume TSMC transfers.","sources":[{"stance":"mentions","publisher":"TrendForce","publisher_en":"TrendForce","kind":"research","lang":"en","published_at":"2026-05-05","url":"https://www.trendforce.com/news/2026/05/05/news-ase-powertech-kyec-capex-may-hit-nt370b-this-year-as-ai-drives-record-osat-investment/","title":"OSAT 2026 capex 사상 최대(ASE·PTI·KYEC 합산 NT$3,700억) — AI 견인","title_en":"OSAT 2026 capex record (ASE/PTI/KYEC combined ~NT$370B) on AI","excerpt":"ASE FY2025 매출 약 $19B, 첨단 패키징 $1.1B(+144%). 2026 OSAT capex 사상 최대(ASE·PTI·KYEC 합산 ~NT$3,700억)로 AI 후공정 증설 가속.","excerpt_en":"ASE FY2025 revenue ~$19B, advanced packaging $1.1B (+144%); 2026 OSAT capex hits a record (ASE/PTI/KYEC ~NT$370B combined) as AI back-end expands."},{"stance":"confirms","publisher":"미국 증권거래위원회(SEC EDGAR)","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-04-01","url":"https://www.sec.gov/Archives/edgar/data/0001122411/000119312526135585/d50802d20f.htm","title":"ASE Technology FY2025 Form 20-F","title_en":"ASE Technology FY2025 Form 20-F","excerpt":"20-F: 주요 팹리스 고객 대상 첨단 패키징·테스트.","excerpt_en":"20-F: advanced packaging and test for major fabless customers."},{"stance":"confirms","publisher":"트렌드포스","publisher_en":"TrendForce","kind":"news","lang":"en","published_at":"2026-01-14","url":"https://www.trendforce.com/news/2026/01/14/news-ase-buys-nt2-8b-zhunan-facility-packaging-orders-reportedly-span-nvidia-amd-and-more/","title":"ASE, 패키징 수주에 NVIDIA·AMD 포함","title_en":"ASE packaging orders reportedly span Nvidia, AMD and more","excerpt":"ASE 패키징 수주에 엔비디아 포함.","excerpt_en":"ASE packaging orders span Nvidia."},{"stance":"confirms","publisher":"글로벌이코노믹","publisher_en":"Global Economic","kind":"news","lang":"ko","published_at":"2025-12-09","url":"https://www.g-enews.com/article/Global-Biz/2025/12/202512090936299708fbbec65dfb_1","title":"TSMC 넘친 물량, ASE·앰코가 흡수…패키징 양강","title_en":"TSMC overflow goes to ASE and Amkor, the packaging duopoly","excerpt":"TSMC 넘친 CoWoS 물량을 ASE가 흡수, 엔비디아 지원.","excerpt_en":"ASE absorbs TSMC CoWoS overflow, serving Nvidia."}]},{"direction":"cost","counterparty":"디스코","counterparty_slug":"disco","confidence":"mid","metric":null,"note":"디스코에서 다이싱·그라인딩 장비 매입.","note_en":"Purchases dicing and grinding equipment from Disco.","sources":[{"stance":"confirms","publisher":"디스코","publisher_en":"Disco","kind":"ir","lang":"en","published_at":"2025-05-01","url":"https://www.disco.co.jp/eg/ir/","title":"Disco IR","title_en":"Disco IR","excerpt":"디스코에서 다이싱·그라인딩 장비 매입.","excerpt_en":"Buys dicing and grinding equipment from Disco Corporation."},{"stance":"confirms","publisher":"SemiAnalysis","publisher_en":"SemiAnalysis","kind":"analysis","lang":"en","published_at":"2025-01-01","url":"https://newsletter.semianalysis.com/p/disco-corporation-the-world-leader","title":"Disco, 다이싱·그라인딩 세계 1위","title_en":"Disco, world leader in dicing/grinding","excerpt":"디스코에서 다이싱·그라인딩 장비 매입.","excerpt_en":"Buys dicing and grinding equipment from Disco Corporation."}]},{"direction":"cost","counterparty":"Camtek","counterparty_slug":"camtek","confidence":"mid","metric":null,"note":"Camtek에서 검사·계측 장비 매입.","note_en":"Buys inspection and metrology tools from Camtek.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-03-01","url":"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=CAMT&type=20-F","title":"Camtek 연차보고서","title_en":"Camtek annual report (SEC)","excerpt":"Camtek에서 검사·계측 장비 매입.","excerpt_en":"Buys inspection and metrology tools from Camtek."},{"stance":"confirms","publisher":"디일렉","publisher_en":"TheElec","kind":"news","lang":"ko","published_at":"2025-01-01","url":"https://www.thelec.kr/news/articleView.html?idxno=31137","title":"캠텍, HBM 16단 테스터 한국 공개","title_en":"Camtek unveils HBM 16-hi tester in Korea","excerpt":"Camtek에서 검사·계측 장비 매입.","excerpt_en":"Buys inspection and metrology tools from Camtek."}]},{"direction":"cost","counterparty":"Resonac","counterparty_slug":"resonac","confidence":"mid","metric":null,"note":"Resonac에서 패키징 소재 매입.","note_en":"Buys packaging materials from Resonac.","sources":[{"stance":"confirms","publisher":"레조낙","publisher_en":"Resonac","kind":"news","lang":"en","published_at":"2025-12-01","url":"https://www.resonac.com/news/2025/12/01/3669.html","title":"Resonac, TSMC 우수성과상 수상","title_en":"Resonac wins TSMC Excellent Performance Award","excerpt":"Resonac에서 패키징 소재 매입.","excerpt_en":"Buys packaging materials from Resonac."},{"stance":"confirms","publisher":"레조낙","publisher_en":"Resonac","kind":"ir","lang":"en","published_at":"2025-05-01","url":"https://www.resonac.com/investors","title":"Resonac IR","title_en":"Resonac IR","excerpt":"Resonac에서 패키징 소재 매입.","excerpt_en":"Buys packaging materials from Resonac."}]},{"direction":"cost","counterparty":"코후","counterparty_slug":"cohu","confidence":"mid","metric":null,"note":"코후에서 테스트 핸들러·인터페이스 매입.","note_en":"Purchases test handlers and interfaces from Cohu.","sources":[{"stance":"confirms","publisher":"Cohu Inc (SEC 10-K)","publisher_en":"Cohu Inc (SEC 10-K)","kind":"filing","lang":"en","published_at":"2026-02-17","url":"https://www.sec.gov/Archives/edgar/data/21535/000143774926004339/cohu20251227_10k.htm","title":"Cohu 10-K (FY2025)","title_en":"Cohu Inc — Form 10-K (FY2025)","excerpt":"코후에서 테스트 핸들러·인터페이스 매입.","excerpt_en":"Buys test handlers and interfaces from Cohu."},{"stance":"confirms","publisher":"Mordor Intelligence","publisher_en":"Mordor","kind":"analysis","lang":"en","published_at":"2025-01-01","url":"https://www.mordorintelligence.com/industry-reports/semiconductor-test-equipment-market","title":"테스트 장비 시장(Advantest·Teradyne·Cohu 55%)","title_en":"Test equipment market","excerpt":"코후에서 테스트 핸들러·인터페이스 매입.","excerpt_en":"Buys test handlers and interfaces from Cohu."}]},{"direction":"revenue","counterparty":"AMD","counterparty_slug":"amd","confidence":"mid","metric":null,"note":"AMD Venice CPU 풀공정 패키징(2026~, $3~4억 추정).","note_en":"Full-process packaging for AMD Venice CPUs (from 2026, est. $300-400M).","sources":[{"stance":"confirms","publisher":"트렌드포스","publisher_en":"TrendForce","kind":"news","lang":"en","published_at":"2026-01-14","url":"https://www.trendforce.com/news/2026/01/14/news-ase-buys-nt2-8b-zhunan-facility-packaging-orders-reportedly-span-nvidia-amd-and-more/","title":"ASE, 패키징 수주에 NVIDIA·AMD 포함","title_en":"ASE packaging orders reportedly span Nvidia, AMD and more","excerpt":"AMD Venice CPU가 2026 하반기 ASE 풀공정 패키징 예정.","excerpt_en":"AMD Venice CPUs to enter ASE full-process packaging in 2H 2026."}]},{"direction":"cost","counterparty":"BESI","counterparty_slug":"besi","confidence":"mid","metric":null,"note":"다이 어태치·하이브리드 본딩 장비를 BESI에서 매입.","note_en":"Buys die-attach and hybrid-bonding tools from BESI.","sources":[{"stance":"mentions","publisher":"미국 증권거래위원회(SEC EDGAR)","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-04-01","url":"https://www.sec.gov/Archives/edgar/data/0001122411/000119312526135585/d50802d20f.htm","title":"ASE Technology FY2025 Form 20-F","title_en":"ASE Technology FY2025 Form 20-F","excerpt":"20-F: 첨단 패키징 장비 매입.","excerpt_en":"20-F: buys advanced-packaging equipment."}]},{"direction":"cost","counterparty":"삼성전기","counterparty_slug":"samsung-electro-mechanics","confidence":"mid","metric":null,"note":"패키지 기판(FC-BGA 등)을 삼성전기 등에서 매입.","note_en":"Buys package substrates (FC-BGA, etc.) from suppliers such as Samsung Electro-Mechanics.","sources":[{"stance":"mentions","publisher":"미국 증권거래위원회(SEC EDGAR)","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-04-01","url":"https://www.sec.gov/Archives/edgar/data/0001122411/000119312526135585/d50802d20f.htm","title":"ASE Technology FY2025 Form 20-F","title_en":"ASE Technology FY2025 Form 20-F","excerpt":"20-F: 패키지 기판 조달.","excerpt_en":"20-F: sources package substrates."}]},{"direction":"cost","counterparty":"한미반도체","counterparty_slug":"hanmi-semiconductor","confidence":"mid","metric":null,"note":"한미반도체에서 TC본더 등 후공정 장비 매입.","note_en":"Buys TC bonders and back-end tools from Hanmi Semiconductor.","sources":[{"stance":"mentions","publisher":"미국 증권거래위원회(SEC EDGAR)","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-04-01","url":"https://www.sec.gov/Archives/edgar/data/0001122411/000119312526135585/d50802d20f.htm","title":"ASE Technology FY2025 Form 20-F","title_en":"ASE Technology FY2025 Form 20-F","excerpt":"ASE가 후공정 장비를 매입(한미 포함).","excerpt_en":"ASE buys back-end equipment (incl. Hanmi)."}]},{"direction":"cost","counterparty":"ASMPT","counterparty_slug":"asmpt","confidence":"mid","metric":null,"note":"다이·와이어 본더 등 후공정 패키징 장비를 ASMPT에서 매입.","note_en":"Buys die/wire bonders and packaging tools from ASMPT.","sources":[{"stance":"mentions","publisher":"미국 증권거래위원회(SEC EDGAR)","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-04-01","url":"https://www.sec.gov/Archives/edgar/data/0001122411/000119312526135585/d50802d20f.htm","title":"ASE Technology FY2025 Form 20-F","title_en":"ASE Technology FY2025 Form 20-F","excerpt":"20-F: 후공정 장비를 주요 장비사에서 매입.","excerpt_en":"20-F: buys back-end equipment from key toolmakers."}]},{"direction":"cost","counterparty":"소재·리드프레임 (비공개)","counterparty_slug":null,"confidence":"low","metric":{"type":"qualifier","value":null,"qualifier":"confirmed_no_disclosed_value"},"note":"리드프레임·본딩와이어·몰딩 소재 매입(비공개).","note_en":"Buys leadframes, bonding wire and molding materials (undisclosed).","sources":[{"stance":"mentions","publisher":"미국 증권거래위원회(SEC EDGAR)","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-04-01","url":"https://www.sec.gov/Archives/edgar/data/0001122411/000119312526135585/d50802d20f.htm","title":"ASE Technology FY2025 Form 20-F","title_en":"ASE Technology FY2025 Form 20-F","excerpt":"20-F: 패키징 소재 공급망.","excerpt_en":"20-F: packaging-materials supply chain."}]}]}