# If Intel moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/intel · Facet: ripple · Updated: 2026-09-24T11:00:19.642385+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Intel is directly linked to 38 companies (29 supply, 8 revenue, 1 investment relationships) and reaches 86 companies within two hops; the links are backed by 54 dated sources, 10 of them primary filings (as of 2026-09-24).

Intel operates across Nasdaq 100, CPU/server, foundry comeback. It is up +159.6% in 2026. Demand side (avg +179.5%), the stock (+159.6%) and supply side (avg +65.4%) 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 Dell Technologies (+320.2%) and the furthest behind is Alphabet (Google) (+8.3%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Dell, Lenovo and HP are each 10%+ customers, so PC/server CPUs are the cash cow, but the fate of AI accelerators (Gaudi) and the foundry pivot decides the re-rating.

## Demand chain (leading)
- T1 Lenovo (https://valuechain.wiki/lenovo.md)
- T2 Waters Corporation (https://valuechain.wiki/waters.md)
- T1 Dell Technologies (https://valuechain.wiki/dell.md)
- T2 IREN (https://valuechain.wiki/iren.md)
- T3 Microsoft (https://valuechain.wiki/microsoft.md)
- T1 HP Inc. (https://valuechain.wiki/hp.md)
- T1 Alphabet (Google) (https://valuechain.wiki/alphabet.md)
- T2 Anthropic (https://valuechain.wiki/anthropic.md)
- T3 Shopify (https://valuechain.wiki/shopify.md)
- T2 Planet Labs (https://valuechain.wiki/planet-labs.md)
- T2 Walmart Inc (https://valuechain.wiki/walmart.md)
- T3 UnitedHealth Group Incorporated (https://valuechain.wiki/unitedhealth-group.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)
- T3 Amazon (https://valuechain.wiki/amazon.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)
- T3 Dollar General Corporation (https://valuechain.wiki/dollar-general.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)
- T2 Omnicom Group Inc. (https://valuechain.wiki/omnicom-group.md)
- T1 Mercury Systems (https://valuechain.wiki/mercury-systems.md)
- T2 RTX (https://valuechain.wiki/rtx.md)
- T3 Airbus (https://valuechain.wiki/airbus.md)
- T3 Boeing (https://valuechain.wiki/boeing.md)
- T3 Leonardo S.p.A. (https://valuechain.wiki/leonardo.md)
- T3 Textron (https://valuechain.wiki/textron.md)
- T2 Lockheed Martin (https://valuechain.wiki/lockheed-martin.md)
- T3 Korea Aerospace Industries (https://valuechain.wiki/kai.md)
- T1 ASUSTeK Computer (https://valuechain.wiki/asustek.md)
- T1 F5, Inc. (https://valuechain.wiki/f5.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 Simmtech (https://valuechain.wiki/simmtech.md)
- T1 PSK Inc (https://valuechain.wiki/psk-inc.md)
- T1 Unimicron (https://valuechain.wiki/unimicron.md)
- T2 Ajinomoto (https://valuechain.wiki/ajinomoto.md)
- T1 Shinko Electric Industries (https://valuechain.wiki/shinko.md)
- T1 Ibiden (https://valuechain.wiki/ibiden.md)
- T1 AT&S (https://valuechain.wiki/at-s.md)
- T1 Mobileye (https://valuechain.wiki/mobileye.md)
- T2 STMicroelectronics (https://valuechain.wiki/stmicroelectronics.md)
- T3 Wolfspeed (https://valuechain.wiki/wolfspeed.md)
- T3 Cohu (https://valuechain.wiki/cohu.md)
- T1 Merck KGaA (EMD) (https://valuechain.wiki/merck-kgaa.md)
- T2 Veeva Systems (https://valuechain.wiki/veeva-systems.md)
- T3 Amazon (https://valuechain.wiki/amazon.md)
- T3 Salesforce, Inc. (https://valuechain.wiki/salesforce.md)
- T1 Nikon (https://valuechain.wiki/nikon.md)
- T2 Sony Semiconductor Solutions (https://valuechain.wiki/sony-semiconductor.md)
- T2 Tower Semiconductor (https://valuechain.wiki/tower-semiconductor.md)

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