# If IBM moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/ibm · Facet: ripple · Updated: 2026-09-11T15:35:54.505453+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, IBM is directly linked to 3 companies (3 supply, 0 revenue relationships) and reaches 100 companies within two hops; the links are backed by 10 dated sources, 2 of them primary filings (as of 2026-09-11).

IBM operates across S&P 500, mainframe & hybrid cloud. After +38.2% in 2025, it corrected -19.1% in 2026. The supply side (avg +41.7%) leads the stock (-19.1%), with spending rippling down to suppliers first. Among connected nodes the furthest ahead is Samsung Electronics (+59.7%) and the furthest behind is NVIDIA (+23.7%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. But it only designs its chips — Samsung Foundry makes them and its AI compute rides NVIDIA — so IBM sits above the silicon, dependent on both.

## Supply chain (benefiting)
- T1 Samsung Electronics (https://valuechain.wiki/samsung-electronics.md)
- T2 ASMPT (https://valuechain.wiki/asmpt.md)
- T3 Kulicke & Soffa (https://valuechain.wiki/kulicke-soffa.md)
- T2 Hanmi Semiconductor (https://valuechain.wiki/hanmi-semiconductor.md)
- T2 SFA Semicon (https://valuechain.wiki/sfa-semicon.md)
- T3 Advantest (https://valuechain.wiki/advantest.md)
- T3 SFA Engineering (https://valuechain.wiki/sfa-engineering.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 MKS Instruments (https://valuechain.wiki/mks-instruments.md)
- T3 Ichor Holdings (https://valuechain.wiki/ichor-holdings.md)
- T3 Parker-Hannifin Corporation (https://valuechain.wiki/parker-hannifin.md)
- T2 Leeno Industrial (https://valuechain.wiki/leeno.md)
- T2 Daeduck Electronics (https://valuechain.wiki/daeduck.md)
- T2 Uni Test (https://valuechain.wiki/unitest.md)
- T2 Wonik QnC (https://valuechain.wiki/wonik-qnc.md)
- T2 SCREEN Holdings (https://valuechain.wiki/screen-holdings.md)
- T2 Applied Materials (https://valuechain.wiki/applied-materials.md)
- T3 TCK (Tokai Carbon Korea) (https://valuechain.wiki/tck.md)
- T3 Advanced Energy Industries (https://valuechain.wiki/advanced-energy.md)
- T3 SMC Corporation (https://valuechain.wiki/smc.md)
- T2 Onto Innovation (https://valuechain.wiki/onto-innovation.md)
- T2 ASM International (https://valuechain.wiki/asm-international.md)
- T2 Lasertec (https://valuechain.wiki/lasertec.md)
- T2 Resonac (https://valuechain.wiki/resonac.md)
- T2 Tokyo Ohka Kogyo (TOK) (https://valuechain.wiki/tokyo-ohka.md)
- T2 Disco Corporation (https://valuechain.wiki/disco.md)
- T2 MediaTek (https://valuechain.wiki/mediatek.md)
- T3 Siemens EDA (https://valuechain.wiki/siemens-eda.md)
- T3 King Yuan Electronics (KYEC) (https://valuechain.wiki/kyec.md)
- T3 Arm Holdings (https://valuechain.wiki/arm.md)
- T3 Synopsys (https://valuechain.wiki/synopsys.md)
- T3 Cadence Design Systems (https://valuechain.wiki/cadence.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)
- T3 TSMC (https://valuechain.wiki/tsmc.md)
- T2 Wonik IPS (https://valuechain.wiki/wonik-ips.md)
- T2 Foosung (https://valuechain.wiki/foosung.md)
- T2 Shin-Etsu Chemical (https://valuechain.wiki/shin-etsu.md)
- T2 Teradyne (https://valuechain.wiki/teradyne.md)
- T2 Ebara (https://valuechain.wiki/ebara.md)
- T2 Linde (https://valuechain.wiki/linde.md)
- T3 ExxonMobil (https://valuechain.wiki/exxonmobil.md)
- T2 Merck KGaA (EMD) (https://valuechain.wiki/merck-kgaa.md)
- T3 Veeva Systems (https://valuechain.wiki/veeva-systems.md)
- T2 Nepes (https://valuechain.wiki/nepes.md)
- T2 Montage Technology (https://valuechain.wiki/montage.md)
- T2 Entegris (https://valuechain.wiki/entegris.md)
- T2 BESI (https://valuechain.wiki/besi.md)
- T2 KC Tech (https://valuechain.wiki/kc-tech.md)
- T2 SK Siltron (https://valuechain.wiki/sk-siltron.md)
- T2 GlobalWafers (https://valuechain.wiki/globalwafers.md)
- T2 S&S Tech (https://valuechain.wiki/sns-tech.md)
- T2 Camtek (https://valuechain.wiki/camtek.md)
- T2 SUMCO Corporation (https://valuechain.wiki/sumco.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 ENF Technology (https://valuechain.wiki/enf-technology.md)
- T2 Fujimi Incorporated (https://valuechain.wiki/fujimi.md)
- T2 Dongjin Semichem (https://valuechain.wiki/dongjin-semichem.md)
- T2 Hitachi High-Tech (https://valuechain.wiki/hitachi-hightech.md)
- T3 Hitachi (https://valuechain.wiki/hitachi.md)
- T2 Soulbrain (https://valuechain.wiki/soulbrain.md)
- T2 Hana Materials (https://valuechain.wiki/hana-materials.md)
- T3 Hana Micron (https://valuechain.wiki/hana-micron.md)
- T2 Jusung Engineering (https://valuechain.wiki/jusung-engineering.md)
- T2 PSK Inc (https://valuechain.wiki/psk-inc.md)
- T2 Eugene Technology (https://valuechain.wiki/eugene-tech.md)
- T2 ISC (https://valuechain.wiki/isc.md)
- T2 Lam Research (https://valuechain.wiki/lam-research.md)
- T2 Qnity Electronics (https://valuechain.wiki/qnity-electronics.md)
- T3 DuPont (https://valuechain.wiki/dupont.md)
- T2 Park Systems (https://valuechain.wiki/park-systems.md)
- T2 HPSP (https://valuechain.wiki/hpsp.md)
- T2 Qorvo (https://valuechain.wiki/qorvo.md)
- T3 Skyworks Solutions (https://valuechain.wiki/skyworks-solutions.md)
- T2 KLA (https://valuechain.wiki/kla.md)
- T2 JSR Corporation (https://valuechain.wiki/jsr.md)
- T3 Yokogawa Electric (https://valuechain.wiki/yokogawa-electric.md)
- T2 Tokyo Electron (TEL) (https://valuechain.wiki/tokyo-electron.md)
- T2 Photronics (https://valuechain.wiki/photronics.md)
- T3 Hoya Corporation (https://valuechain.wiki/hoya.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 EO Technics (https://valuechain.wiki/eo-technics.md)
- T2 Kokusai Electric (https://valuechain.wiki/kokusai-electric.md)
- T2 Powertech Technology (PTI) (https://valuechain.wiki/powertech.md)
- T2 Air Liquide (https://valuechain.wiki/air-liquide.md)
- T2 FormFactor (https://valuechain.wiki/formfactor.md)
- T2 Simmtech (https://valuechain.wiki/simmtech.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)
- T2 Sumitomo Chemical (https://valuechain.wiki/sumitomo-chemical.md)
- T1 NVIDIA (https://valuechain.wiki/nvidia.md)
- T2 SK hynix (https://valuechain.wiki/sk-hynix.md)
- T3 Hanwha Semitech (https://valuechain.wiki/hanwha-semitech.md)
- T3 Global Unichip (https://valuechain.wiki/global-unichip.md)
- T3 SK Square (https://valuechain.wiki/sk-square.md)
- T3 ACM Research (https://valuechain.wiki/acm-research.md)
- T2 Micron Technology (https://valuechain.wiki/micron.md)
- T2 Coherent (https://valuechain.wiki/coherent.md)
- T3 Fabrinet (https://valuechain.wiki/fabrinet.md)
- T3 Tower Semiconductor (https://valuechain.wiki/tower-semiconductor.md)
- T3 MACOM Technology (https://valuechain.wiki/macom.md)
- T3 Mitsubishi Electric (https://valuechain.wiki/mitsubishi-electric.md)
- T2 Monolithic Power (https://valuechain.wiki/monolithic-power.md)
- T2 Kioxia (https://valuechain.wiki/kioxia.md)
- T3 Canon (https://valuechain.wiki/canon.md)
- T2 ASE Technology (https://valuechain.wiki/ase.md)
- T2 Unimicron (https://valuechain.wiki/unimicron.md)
- T2 OpenAI (https://valuechain.wiki/openai.md)
- T3 Broadcom (https://valuechain.wiki/broadcom.md)
- T3 AMD (https://valuechain.wiki/amd.md)
- T3 Microsoft (https://valuechain.wiki/microsoft.md)
- T3 CoreWeave (https://valuechain.wiki/coreweave.md)
- T3 Oracle (https://valuechain.wiki/oracle.md)
- T3 Cerebras Systems (https://valuechain.wiki/cerebras.md)
- T3 SoftBank Group (https://valuechain.wiki/softbank.md)
- T2 Lumentum (https://valuechain.wiki/lumentum.md)
- T2 Eoptolink (https://valuechain.wiki/eoptolink.md)
- T2 Keysight Technologies (https://valuechain.wiki/keysight.md)
- T2 Amphenol (https://valuechain.wiki/amphenol.md)
- T2 Nebius Group (https://valuechain.wiki/nebius.md)
- T3 Gigabyte Technology (https://valuechain.wiki/gigabyte.md)
- T2 ABB (https://valuechain.wiki/abb.md)
- T2 Murata Manufacturing (https://valuechain.wiki/murata.md)
- T2 Recursion Pharmaceuticals (https://valuechain.wiki/recursion.md)
- T3 Alphabet (Google) (https://valuechain.wiki/alphabet.md)
- T2 onsemi (https://valuechain.wiki/onsemi.md)
- T2 BlackRock (https://valuechain.wiki/blackrock.md)
- T3 Ross Stores (https://valuechain.wiki/ross-stores.md)
- T3 Incyte Corporation (https://valuechain.wiki/incyte.md)
- T3 Altria Group, Inc. (https://valuechain.wiki/altria.md)
- T3 Marathon Petroleum Corporation (https://valuechain.wiki/marathon-petroleum.md)
- T3 Elevance Health, Inc. (https://valuechain.wiki/elevance-health.md)
- T3 Targa Resources Corp. (https://valuechain.wiki/targa-resources.md)
- T3 Occidental Petroleum (https://valuechain.wiki/occidental-petroleum.md)
- T3 ONEOK, Inc. (https://valuechain.wiki/oneok.md)
- T3 Edwards Lifesciences Corporation (https://valuechain.wiki/edwards-lifesciences.md)
- T3 Public Service Enterprise Group Incorporated (https://valuechain.wiki/public-service-enterprise-group.md)
- T3 Old Dominion Freight Line, Inc. (https://valuechain.wiki/old-dominion.md)
- T3 Zoetis Inc. (https://valuechain.wiki/zoetis.md)
- T3 American Water Works (https://valuechain.wiki/american-water-works.md)
- T3 Hubbell Incorporated (https://valuechain.wiki/hubbell-incorporated.md)
- T3 Edison International (https://valuechain.wiki/edison-international.md)
- T2 Analog Devices (https://valuechain.wiki/analog-devices.md)
- T2 BYD Electronics (https://valuechain.wiki/byd-electronics.md)
- T3 BYD (https://valuechain.wiki/byd.md)
- T2 Wistron (https://valuechain.wiki/wistron.md)
- T2 Pegatron (https://valuechain.wiki/pegatron.md)
- T2 Astera Labs (https://valuechain.wiki/astera-labs.md)
- T2 Ibiden (https://valuechain.wiki/ibiden.md)
- T2 Luxshare Precision (https://valuechain.wiki/luxshare.md)
- T2 InnoLight (https://valuechain.wiki/innolight.md)
- T2 Delta Electronics (https://valuechain.wiki/delta-electronics.md)
- T2 TE Connectivity (https://valuechain.wiki/te-connectivity.md)
- T3 Ingersoll Rand Inc. (https://valuechain.wiki/ingersoll-rand.md)
- T2 Digital Realty (https://valuechain.wiki/digital-realty.md)
- T3 Siemens Energy (https://valuechain.wiki/siemens-energy.md)
- T3 HD Hyundai Electric (https://valuechain.wiki/hd-hyundai-electric.md)
- T1 Adobe Inc. (https://valuechain.wiki/adobe.md)
- T2 Amazon (https://valuechain.wiki/amazon.md)
- T3 Quanta Computer (https://valuechain.wiki/quanta.md)
- T3 Seagate Technology (https://valuechain.wiki/seagate.md)
- T3 Credo Technology (https://valuechain.wiki/credo.md)
- T3 Marvell (https://valuechain.wiki/marvell.md)
- T3 Alchip Technologies (https://valuechain.wiki/alchip.md)
- T3 SanDisk (https://valuechain.wiki/sandisk.md)
- T3 Foxconn (Hon Hai) (https://valuechain.wiki/foxconn.md)
- T3 Arista Networks (https://valuechain.wiki/arista.md)
- T3 Anthropic (https://valuechain.wiki/anthropic.md)
- T3 Wiwynn (https://valuechain.wiki/wiwynn.md)
- T3 IonQ (https://valuechain.wiki/ionq.md)
- T3 Rigetti Computing (https://valuechain.wiki/rigetti.md)
- T3 D-Wave Quantum (https://valuechain.wiki/d-wave.md)
- T3 Eaton (https://valuechain.wiki/eaton.md)
- T3 Schneider Electric (https://valuechain.wiki/schneider-electric.md)
- T3 GE Vernova (https://valuechain.wiki/ge-vernova.md)
- T3 Vistra (https://valuechain.wiki/vistra.md)
- T3 Quantum Computing Inc (https://valuechain.wiki/qubt.md)
- T3 Talen Energy (https://valuechain.wiki/talen-energy.md)
- T3 Ciena (https://valuechain.wiki/ciena.md)
- T3 Globalstar (https://valuechain.wiki/globalstar.md)
- T3 Cummins (https://valuechain.wiki/cummins.md)
- T3 Caterpillar (https://valuechain.wiki/caterpillar.md)
- T3 Celestica (https://valuechain.wiki/celestica.md)
- T3 Nike (https://valuechain.wiki/nike.md)
- T3 Amorepacific (https://valuechain.wiki/amorepacific.md)
- T3 Procter & Gamble (https://valuechain.wiki/procter-gamble.md)
- T3 ArianeGroup (https://valuechain.wiki/arianegroup.md)
- T3 Jabil (https://valuechain.wiki/jabil.md)
- T3 Exelon (https://valuechain.wiki/exelon.md)
- T3 Abbott Laboratories (https://valuechain.wiki/abbott-laboratories.md)
- T3 United Parcel Service, Inc. (https://valuechain.wiki/united-parcel-service.md)
- T3 FedEx (https://valuechain.wiki/fedex.md)
- T3 Colgate-Palmolive Company (https://valuechain.wiki/colgate-palmolive.md)
- T3 Norfolk Southern (https://valuechain.wiki/norfolk-southern.md)
- T3 Entergy (https://valuechain.wiki/entergy.md)
- T3 The Estée Lauder Companies Inc. (https://valuechain.wiki/est-e-lauder-companies.md)
- T3 Ameren Corporation (https://valuechain.wiki/ameren.md)
- T3 Church & Dwight Co., Inc. (https://valuechain.wiki/church-dwight.md)
- T3 Omnicom Group Inc. (https://valuechain.wiki/omnicom-group.md)

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