# If Hoya Corporation moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/hoya · Facet: ripple · Updated: 2026-07-12T03:18:30.705+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Hoya Corporation is directly linked to 5 companies (0 supply, 5 revenue relationships) and reaches 11 companies within two hops; the links are backed by 10 dated sources, 1 of them primary filings (as of 2026-07-12).

Hoya Corporation operates across Nikkei 225, #1 in EUV mask blanks. It is -6.1% in 2026. The demand side (avg +99.8%) leads the stock (-6.1%), so customer moves come first here. Among connected nodes the furthest ahead is Seagate Technology (+209.1%) and the furthest behind is Toppan Printing (+7.2%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. What to watch now: two upside vectors — High-NA EUV and the HAMR glass transition — against the risk that Samsung/S&S Tech localization erodes the oligopoly premium.

## Demand chain (leading)
- T1 Toppan Printing (https://valuechain.wiki/toppan-printing.md)
- T2 Broadcom (https://valuechain.wiki/broadcom.md)
- T3 Anthropic (https://valuechain.wiki/anthropic.md)
- T3 Meta Platforms (https://valuechain.wiki/meta.md)
- T3 Apple (https://valuechain.wiki/apple.md)
- T3 Alphabet (Google) (https://valuechain.wiki/alphabet.md)
- T3 Arista Networks (https://valuechain.wiki/arista.md)
- T3 OpenAI (https://valuechain.wiki/openai.md)
- T3 Eoptolink (https://valuechain.wiki/eoptolink.md)
- T3 NetApp, Inc. (https://valuechain.wiki/netapp.md)
- T1 Western Digital (https://valuechain.wiki/western-digital.md)
- T2 Microsoft (https://valuechain.wiki/microsoft.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)
- T1 Photronics (https://valuechain.wiki/photronics.md)
- T2 TSMC (https://valuechain.wiki/tsmc.md)
- T3 Intel (https://valuechain.wiki/intel.md)
- T3 Marvell (https://valuechain.wiki/marvell.md)
- T3 Astera Labs (https://valuechain.wiki/astera-labs.md)
- T3 Amazon (https://valuechain.wiki/amazon.md)
- T3 Sony Semiconductor Solutions (https://valuechain.wiki/sony-semiconductor.md)
- T3 Alchip Technologies (https://valuechain.wiki/alchip.md)
- T3 Credo Technology (https://valuechain.wiki/credo.md)
- T3 Global Unichip (https://valuechain.wiki/global-unichip.md)
- T3 NXP Semiconductors (https://valuechain.wiki/nxp.md)
- T3 MediaTek (https://valuechain.wiki/mediatek.md)
- T3 Renesas Electronics (https://valuechain.wiki/renesas.md)
- T3 Qualcomm (https://valuechain.wiki/qualcomm.md)
- T3 Mobileye (https://valuechain.wiki/mobileye.md)
- T3 Analog Devices (https://valuechain.wiki/analog-devices.md)
- T3 Microchip Technology (https://valuechain.wiki/microchip.md)
- T3 Cisco (https://valuechain.wiki/cisco.md)
- T3 Montage Technology (https://valuechain.wiki/montage.md)
- T3 Phison Electronics (https://valuechain.wiki/phison.md)
- T3 Cerebras Systems (https://valuechain.wiki/cerebras.md)
- T3 Ambarella (https://valuechain.wiki/ambarella.md)
- T3 NVIDIA (https://valuechain.wiki/nvidia.md)
- T3 AMD (https://valuechain.wiki/amd.md)
- T3 Xiaomi (https://valuechain.wiki/xiaomi.md)
- T3 Realtek (https://valuechain.wiki/realtek.md)
- T3 Fortinet (https://valuechain.wiki/fortinet.md)
- T3 Will Semiconductor (https://valuechain.wiki/will-semiconductor.md)
- T2 Samsung Electronics (https://valuechain.wiki/samsung-electronics.md)
- T3 IBM (https://valuechain.wiki/ibm.md)
- T3 Tesla (https://valuechain.wiki/tesla.md)
- T3 Hyundai Motor Company (https://valuechain.wiki/hyundai-motor-company.md)
- T1 Dai Nippon Printing (https://valuechain.wiki/dai-nippon-printing.md)
- T2 LG Energy Solution (https://valuechain.wiki/lg-energy-solution.md)
- T3 Toyota Motor Corporation (https://valuechain.wiki/toyota.md)
- T3 General Motors (https://valuechain.wiki/general-motors.md)
- T3 Honda Motor (https://valuechain.wiki/honda-motor.md)
- T3 DTE Energy (https://valuechain.wiki/dte-energy.md)
- T2 Canon (https://valuechain.wiki/canon.md)
- T3 Kioxia (https://valuechain.wiki/kioxia.md)
- T3 HP Inc. (https://valuechain.wiki/hp.md)
- T3 Olympus (https://valuechain.wiki/olympus.md)
- T1 Seagate Technology (https://valuechain.wiki/seagate.md)

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