# If Broadcom moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/broadcom · Facet: ripple · Updated: 2026-09-23T08:29:48.764779+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Broadcom is directly linked to 20 companies (12 supply, 8 revenue relationships) and reaches 121 companies within two hops; the links are backed by 35 dated sources, 9 of them primary filings (as of 2026-09-23).

Broadcom operates across Nasdaq, Custom AI ASIC, Networking & infra software. After a spike in 2023-24 +104.2% / +110.5%, gains cooled to +50.6% in 2025 and +3.8% in 2026. The supply side (avg +25.2%) has moved harder than the stock (+3.8%). 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 SK hynix (+81.6%) and the furthest behind is Synopsys (-16.2%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Chips are fabbed at TSMC; HBM from SK hynix, Samsung and Micron.

## Demand chain (leading)
- T1 Anthropic (https://valuechain.wiki/anthropic.md)
- T2 Shopify (https://valuechain.wiki/shopify.md)
- T3 The Estée Lauder Companies Inc. (https://valuechain.wiki/est-e-lauder-companies.md)
- T1 Meta Platforms (https://valuechain.wiki/meta.md)
- T2 Procter & Gamble (https://valuechain.wiki/procter-gamble.md)
- T3 Dollar General Corporation (https://valuechain.wiki/dollar-general.md)
- T3 Walmart Inc (https://valuechain.wiki/walmart.md)
- T3 Amazon (https://valuechain.wiki/amazon.md)
- T2 Omnicom Group Inc. (https://valuechain.wiki/omnicom-group.md)
- T1 Apple (https://valuechain.wiki/apple.md)
- T2 T-Mobile US, Inc. (https://valuechain.wiki/t-mobile-us.md)
- T3 EchoStar Corporation (https://valuechain.wiki/echostar.md)
- T2 Target Corporation (https://valuechain.wiki/target.md)
- T3 CVS Health (https://valuechain.wiki/cvs-health.md)
- T2 Take-Two Interactive Software, Inc. (https://valuechain.wiki/take-two-interactive.md)
- T3 Microsoft (https://valuechain.wiki/microsoft.md)
- T1 Alphabet (Google) (https://valuechain.wiki/alphabet.md)
- T2 Planet Labs (https://valuechain.wiki/planet-labs.md)
- T2 McDonald's (https://valuechain.wiki/mcdonalds.md)
- T3 Keurig Dr Pepper Inc. (https://valuechain.wiki/keurig-dr-pepper.md)
- T2 MercadoLibre, Inc. (https://valuechain.wiki/mercadolibre.md)
- T2 Uber (https://valuechain.wiki/uber.md)
- T3 Yum! Brands (https://valuechain.wiki/yum-brands.md)
- T3 The Kroger Co. (https://valuechain.wiki/kroger.md)
- T2 Costco Wholesale (https://valuechain.wiki/costco.md)
- T2 LVMH Moet Hennessy Louis Vuitton (https://valuechain.wiki/lvmh.md)
- T2 Recursion Pharmaceuticals (https://valuechain.wiki/recursion.md)
- T2 Intuit Inc. (https://valuechain.wiki/intuit.md)
- T2 Workday, Inc. (https://valuechain.wiki/workday.md)
- T3 Bank of America (https://valuechain.wiki/bank-of-america.md)
- T3 Netflix (https://valuechain.wiki/netflix.md)
- T3 GE Vernova (https://valuechain.wiki/ge-vernova.md)
- T3 Cognizant Technology Solutions Corporation (https://valuechain.wiki/cognizant.md)
- T2 Salesforce, Inc. (https://valuechain.wiki/salesforce.md)
- T3 PepsiCo (https://valuechain.wiki/pepsico.md)
- T3 Equinix (https://valuechain.wiki/equinix.md)
- T3 Boston Scientific Corporation (https://valuechain.wiki/boston-scientific.md)
- T3 Veeva Systems (https://valuechain.wiki/veeva-systems.md)
- T3 Williams-Sonoma, Inc. (https://valuechain.wiki/williams-sonoma.md)
- T3 Veralto Corporation (https://valuechain.wiki/veralto.md)
- T3 Ralph Lauren Corporation (https://valuechain.wiki/ralph-lauren.md)
- T2 Booking Holdings Inc. (https://valuechain.wiki/booking-holdings.md)
- T3 Marriott International, Inc. (https://valuechain.wiki/marriott-international.md)
- T3 Hilton Worldwide Holdings Inc. (https://valuechain.wiki/hilton-worldwide.md)
- T2 Stryker Corporation (https://valuechain.wiki/stryker.md)
- T3 HCA Healthcare, Inc. (https://valuechain.wiki/hca-healthcare.md)
- T2 DoorDash, Inc. (https://valuechain.wiki/doordash.md)
- T3 Domino's (https://valuechain.wiki/dominos.md)
- T2 AppLovin Corporation (https://valuechain.wiki/applovin.md)
- T2 Cintas Corporation (https://valuechain.wiki/cintas.md)
- T3 Ford Motor Company (https://valuechain.wiki/ford-motor-company.md)
- T2 Colgate-Palmolive Company (https://valuechain.wiki/colgate-palmolive.md)
- T2 Honeywell Technologies (https://valuechain.wiki/honeywell-technologies.md)
- T3 ExxonMobil (https://valuechain.wiki/exxonmobil.md)
- T3 Chevron Corporation (https://valuechain.wiki/chevron.md)
- T2 AutoZone (https://valuechain.wiki/autozone.md)
- T2 eBay Inc. (https://valuechain.wiki/ebay.md)
- T2 Expedia Group, Inc. (https://valuechain.wiki/expedia-group.md)
- T2 The Kraft Heinz Company (https://valuechain.wiki/kraft-heinz.md)
- T2 Ingersoll Rand Inc. (https://valuechain.wiki/ingersoll-rand.md)
- T3 W. W. Grainger (https://valuechain.wiki/w-w-grainger.md)
- T3 TE Connectivity (https://valuechain.wiki/te-connectivity.md)
- T1 Arista Networks (https://valuechain.wiki/arista.md)
- T1 OpenAI (https://valuechain.wiki/openai.md)
- T2 Accenture plc (https://valuechain.wiki/accenture.md)
- T3 Corteva, Inc. (https://valuechain.wiki/corteva.md)
- T1 Eoptolink (https://valuechain.wiki/eoptolink.md)
- T2 NVIDIA (https://valuechain.wiki/nvidia.md)
- T3 Super Micro (https://valuechain.wiki/super-micro.md)
- T3 IREN (https://valuechain.wiki/iren.md)
- T3 Aurora Innovation (https://valuechain.wiki/aurora.md)
- T3 TeraWulf (https://valuechain.wiki/terawulf.md)
- T3 Pony.ai (https://valuechain.wiki/pony-ai.md)
- T3 Wiwynn (https://valuechain.wiki/wiwynn.md)
- T3 Rigetti Computing (https://valuechain.wiki/rigetti.md)
- T3 Quanta Computer (https://valuechain.wiki/quanta.md)
- T3 Dell Technologies (https://valuechain.wiki/dell.md)
- T3 CrowdStrike (https://valuechain.wiki/crowdstrike.md)
- T3 Datadog (https://valuechain.wiki/datadog.md)
- T3 Snowflake (https://valuechain.wiki/snowflake.md)
- T3 Oracle (https://valuechain.wiki/oracle.md)
- T3 Lenovo (https://valuechain.wiki/lenovo.md)
- T3 ServiceNow (https://valuechain.wiki/servicenow.md)
- T3 Hewlett Packard Enterprise (https://valuechain.wiki/hpe.md)
- T3 Tesla (https://valuechain.wiki/tesla.md)
- T3 Palantir Technologies (https://valuechain.wiki/palantir.md)
- T3 Kratos Defense (https://valuechain.wiki/kratos.md)
- T3 Schrodinger (https://valuechain.wiki/schrodinger.md)
- T3 Toyota Motor Corporation (https://valuechain.wiki/toyota.md)
- T3 SK Telecom (https://valuechain.wiki/sk-telecom.md)
- T3 Illumina (https://valuechain.wiki/illumina.md)
- T3 General Motors (https://valuechain.wiki/general-motors.md)
- T3 Hyundai Motor Company (https://valuechain.wiki/hyundai-motor-company.md)
- T3 Gigabyte Technology (https://valuechain.wiki/gigabyte.md)
- T3 ASUSTeK Computer (https://valuechain.wiki/asustek.md)
- T3 CoreWeave (https://valuechain.wiki/coreweave.md)
- T3 Wistron (https://valuechain.wiki/wistron.md)
- T3 Foxconn (Hon Hai) (https://valuechain.wiki/foxconn.md)
- T3 Celestica (https://valuechain.wiki/celestica.md)
- T3 Geely Auto (https://valuechain.wiki/geely-auto.md)
- T3 Baidu (https://valuechain.wiki/baidu.md)
- T3 IonQ (https://valuechain.wiki/ionq.md)
- T3 Nebius Group (https://valuechain.wiki/nebius.md)
- T3 Cloudflare (https://valuechain.wiki/cloudflare.md)
- T3 Alibaba Group (https://valuechain.wiki/alibaba.md)
- T3 Mercury Systems (https://valuechain.wiki/mercury-systems.md)
- T3 Tempus AI (https://valuechain.wiki/tempus-ai.md)
- T3 Tencent Holdings Limited (https://valuechain.wiki/tencent-holdings-limited.md)
- T3 IBM (https://valuechain.wiki/ibm.md)
- T3 Schlumberger (https://valuechain.wiki/schlumberger.md)
- T3 Agilent Technologies, Inc. (https://valuechain.wiki/agilent-technologies.md)
- T3 GE HealthCare Technologies Inc. (https://valuechain.wiki/ge-healthcare.md)
- T1 NetApp, Inc. (https://valuechain.wiki/netapp.md)

## Supply chain (benefiting)
- T1 TSMC (https://valuechain.wiki/tsmc.md)
- T2 Applied Materials (https://valuechain.wiki/applied-materials.md)
- T3 MKS Instruments (https://valuechain.wiki/mks-instruments.md)
- T3 TCK (Tokai Carbon Korea) (https://valuechain.wiki/tck.md)
- T3 Advanced Energy Industries (https://valuechain.wiki/advanced-energy.md)
- T3 Ichor Holdings (https://valuechain.wiki/ichor-holdings.md)
- T3 SMC Corporation (https://valuechain.wiki/smc.md)
- T2 Lam Research (https://valuechain.wiki/lam-research.md)
- T3 Wonik QnC (https://valuechain.wiki/wonik-qnc.md)
- T2 Siemens EDA (https://valuechain.wiki/siemens-eda.md)
- T3 Siemens AG (https://valuechain.wiki/siemens-ag.md)
- T2 SCREEN Holdings (https://valuechain.wiki/screen-holdings.md)
- T2 JSR Corporation (https://valuechain.wiki/jsr.md)
- T3 Yokogawa Electric (https://valuechain.wiki/yokogawa-electric.md)
- T2 Lasertec (https://valuechain.wiki/lasertec.md)
- T2 Tokyo Ohka Kogyo (TOK) (https://valuechain.wiki/tokyo-ohka.md)
- T2 Disco Corporation (https://valuechain.wiki/disco.md)
- T2 Entegris (https://valuechain.wiki/entegris.md)
- T2 KLA (https://valuechain.wiki/kla.md)
- T2 Onto Innovation (https://valuechain.wiki/onto-innovation.md)
- T2 ASM International (https://valuechain.wiki/asm-international.md)
- T2 Resonac (https://valuechain.wiki/resonac.md)
- T2 Hitachi High-Tech (https://valuechain.wiki/hitachi-hightech.md)
- T3 Hitachi (https://valuechain.wiki/hitachi.md)
- T2 BESI (https://valuechain.wiki/besi.md)
- T2 HPSP (https://valuechain.wiki/hpsp.md)
- T2 Tokyo Electron (TEL) (https://valuechain.wiki/tokyo-electron.md)
- T3 Hana Materials (https://valuechain.wiki/hana-materials.md)
- T2 Shin-Etsu Chemical (https://valuechain.wiki/shin-etsu.md)
- T2 SUMCO Corporation (https://valuechain.wiki/sumco.md)
- T2 Synopsys (https://valuechain.wiki/synopsys.md)
- T2 Cadence Design Systems (https://valuechain.wiki/cadence.md)
- T2 GlobalWafers (https://valuechain.wiki/globalwafers.md)
- T2 Teradyne (https://valuechain.wiki/teradyne.md)
- T2 Advantest (https://valuechain.wiki/advantest.md)
- T2 Global Unichip (https://valuechain.wiki/global-unichip.md)
- T2 Ebara (https://valuechain.wiki/ebara.md)
- T2 Linde (https://valuechain.wiki/linde.md)
- T3 ExxonMobil (https://valuechain.wiki/exxonmobil.md)
- T2 Air Liquide (https://valuechain.wiki/air-liquide.md)
- T2 Fujimi Incorporated (https://valuechain.wiki/fujimi.md)
- T2 Leeno Industrial (https://valuechain.wiki/leeno.md)
- T2 Photronics (https://valuechain.wiki/photronics.md)
- T3 Hoya Corporation (https://valuechain.wiki/hoya.md)
- T2 ASML (https://valuechain.wiki/asml.md)
- T3 Carl Zeiss SMT (https://valuechain.wiki/carl-zeiss-smt.md)
- T3 TRUMPF (https://valuechain.wiki/trumpf.md)
- T3 Parker-Hannifin Corporation (https://valuechain.wiki/parker-hannifin.md)
- T2 Qnity Electronics (https://valuechain.wiki/qnity-electronics.md)
- T3 DuPont (https://valuechain.wiki/dupont.md)
- T2 EO Technics (https://valuechain.wiki/eo-technics.md)
- T1 SK hynix (https://valuechain.wiki/sk-hynix.md)
- T2 Hanmi Semiconductor (https://valuechain.wiki/hanmi-semiconductor.md)
- T2 ASMPT (https://valuechain.wiki/asmpt.md)
- T3 Kulicke & Soffa (https://valuechain.wiki/kulicke-soffa.md)
- T2 Hanwha Semitech (https://valuechain.wiki/hanwha-semitech.md)
- T3 Hanwha Vision (https://valuechain.wiki/hanwha-vision.md)
- T2 Daeduck Electronics (https://valuechain.wiki/daeduck.md)
- T2 Eugene Technology (https://valuechain.wiki/eugene-tech.md)
- T2 KC Tech (https://valuechain.wiki/kc-tech.md)
- T2 Simmtech (https://valuechain.wiki/simmtech.md)
- T2 S&S Tech (https://valuechain.wiki/sns-tech.md)
- T2 Nepes (https://valuechain.wiki/nepes.md)
- T2 ISC (https://valuechain.wiki/isc.md)
- T2 Park Systems (https://valuechain.wiki/park-systems.md)
- T2 Camtek (https://valuechain.wiki/camtek.md)
- T2 Uni Test (https://valuechain.wiki/unitest.md)
- T2 Dongjin Semichem (https://valuechain.wiki/dongjin-semichem.md)
- T2 Soulbrain (https://valuechain.wiki/soulbrain.md)
- T2 ENF Technology (https://valuechain.wiki/enf-technology.md)
- T2 Wonik IPS (https://valuechain.wiki/wonik-ips.md)
- T2 Jusung Engineering (https://valuechain.wiki/jusung-engineering.md)
- T2 Foosung (https://valuechain.wiki/foosung.md)
- T2 PSK Inc (https://valuechain.wiki/psk-inc.md)
- T2 SK Siltron (https://valuechain.wiki/sk-siltron.md)
- T2 SFA Semicon (https://valuechain.wiki/sfa-semicon.md)
- T3 SFA Engineering (https://valuechain.wiki/sfa-engineering.md)
- T2 Powertech Technology (PTI) (https://valuechain.wiki/powertech.md)
- T2 Hana Micron (https://valuechain.wiki/hana-micron.md)
- T2 Kokusai Electric (https://valuechain.wiki/kokusai-electric.md)
- T2 SK Square (https://valuechain.wiki/sk-square.md)
- T2 FormFactor (https://valuechain.wiki/formfactor.md)
- T2 Merck KGaA (EMD) (https://valuechain.wiki/merck-kgaa.md)
- T3 Veeva Systems (https://valuechain.wiki/veeva-systems.md)
- T2 ACM Research (https://valuechain.wiki/acm-research.md)
- T2 Montage Technology (https://valuechain.wiki/montage.md)
- T2 Sumitomo Chemical (https://valuechain.wiki/sumitomo-chemical.md)
- T1 Samsung Electronics (https://valuechain.wiki/samsung-electronics.md)
- T2 MediaTek (https://valuechain.wiki/mediatek.md)
- T3 King Yuan Electronics (KYEC) (https://valuechain.wiki/kyec.md)
- T3 Arm Holdings (https://valuechain.wiki/arm.md)
- T3 Nan Ya PCB (https://valuechain.wiki/nanya-pcb.md)
- T3 United Microelectronics (UMC) (https://valuechain.wiki/umc.md)
- T3 JCET (Jiangsu Changjiang Electronics) (https://valuechain.wiki/jcet.md)
- T2 Samsung Electro-Mechanics (https://valuechain.wiki/samsung-electro-mechanics.md)
- T3 Ajinomoto (https://valuechain.wiki/ajinomoto.md)
- T3 Cosmo Advanced Materials & Technology (https://valuechain.wiki/cosmo-advanced-materials-technology.md)
- T2 Cohu (https://valuechain.wiki/cohu.md)
- T2 LG Innotek (https://valuechain.wiki/lg-innotek.md)
- T3 LG Electronics (https://valuechain.wiki/lg-electronics.md)
- T2 Qorvo (https://valuechain.wiki/qorvo.md)
- T3 Skyworks Solutions (https://valuechain.wiki/skyworks-solutions.md)
- T2 LG Display (https://valuechain.wiki/lg-display.md)
- T3 Corning (https://valuechain.wiki/corning.md)
- T3 Nitto Denko (https://valuechain.wiki/nitto-denko.md)
- T2 Arteris (https://valuechain.wiki/arteris.md)
- T2 Samsung E&A (https://valuechain.wiki/samsung-e-a.md)
- T3 Ecopro HN (https://valuechain.wiki/ecopro-hn.md)
- T2 Air Products and Chemicals (https://valuechain.wiki/air-products.md)
- T1 Micron Technology (https://valuechain.wiki/micron.md)
- T1 Keysight Technologies (https://valuechain.wiki/keysight.md)
- T1 Toppan Printing (https://valuechain.wiki/toppan-printing.md)
- T2 AGC (https://valuechain.wiki/agc.md)

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