# If LG Electronics moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/lg-electronics · Facet: ripple · Updated: 2026-09-11T14:42:30.822674+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, LG Electronics is directly linked to 8 companies (4 supply, 3 revenue, 2 investment relationships) and reaches 24 companies within two hops; the links are backed by 14 dated sources, 2 of them primary filings (as of 2026-09-11).

LG Electronics operates across KOSPI large cap, Consumer electronics, Appliances, TVs, automotive (VS). It is up +105.5% in 2026. The stock (+105.5%) is ahead of both its demand side (avg +44.8%) and supply side (avg -7.9%). Having run ahead of its chain, it is the first spot to give back if customer numbers fail to follow. Among connected nodes the furthest ahead is Flex Ltd. (+81.2%) and the furthest behind is LG Display (-21.8%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. The LG Magna JV supplies drive motors and inverters for GM EVs, and under holding company LG Corp, vertical integration with affiliates like LG Innotek (camera modules) and LG Display (panels) underpins cost and sourcing.

## Demand chain (leading)
- T1 Flex Ltd. (https://valuechain.wiki/flex-ltd.md)
- T2 Alphabet (Google) (https://valuechain.wiki/alphabet.md)
- T3 Anthropic (https://valuechain.wiki/anthropic.md)
- T3 Planet Labs (https://valuechain.wiki/planet-labs.md)
- T3 Walmart Inc (https://valuechain.wiki/walmart.md)
- T3 McDonald's (https://valuechain.wiki/mcdonalds.md)
- T3 MercadoLibre, Inc. (https://valuechain.wiki/mercadolibre.md)
- T3 Shopify (https://valuechain.wiki/shopify.md)
- T3 Uber (https://valuechain.wiki/uber.md)
- T3 Costco Wholesale (https://valuechain.wiki/costco.md)
- T3 LVMH Moet Hennessy Louis Vuitton (https://valuechain.wiki/lvmh.md)
- T3 Recursion Pharmaceuticals (https://valuechain.wiki/recursion.md)
- T3 Intuit Inc. (https://valuechain.wiki/intuit.md)
- T3 Workday, Inc. (https://valuechain.wiki/workday.md)
- T3 Salesforce, Inc. (https://valuechain.wiki/salesforce.md)
- T3 Booking Holdings Inc. (https://valuechain.wiki/booking-holdings.md)
- T3 Stryker Corporation (https://valuechain.wiki/stryker.md)
- T3 HCA Healthcare, Inc. (https://valuechain.wiki/hca-healthcare.md)
- T3 DoorDash, Inc. (https://valuechain.wiki/doordash.md)
- T3 AppLovin Corporation (https://valuechain.wiki/applovin.md)
- T3 Cintas Corporation (https://valuechain.wiki/cintas.md)
- T3 Colgate-Palmolive Company (https://valuechain.wiki/colgate-palmolive.md)
- T3 Honeywell Technologies (https://valuechain.wiki/honeywell-technologies.md)
- T3 AutoZone (https://valuechain.wiki/autozone.md)
- T3 eBay Inc. (https://valuechain.wiki/ebay.md)
- T3 Expedia Group, Inc. (https://valuechain.wiki/expedia-group.md)
- T3 The Kraft Heinz Company (https://valuechain.wiki/kraft-heinz.md)
- T3 Ingersoll Rand Inc. (https://valuechain.wiki/ingersoll-rand.md)
- T3 Omnicom Group Inc. (https://valuechain.wiki/omnicom-group.md)
- T2 Palo Alto Networks (https://valuechain.wiki/palo-alto-networks.md)
- T2 F5, Inc. (https://valuechain.wiki/f5.md)
- T1 General Motors (https://valuechain.wiki/general-motors.md)
- T1 Lowe's Companies, Inc. (https://valuechain.wiki/lowes.md)

## Supply chain (benefiting)
- T1 LG Display (https://valuechain.wiki/lg-display.md)
- T2 Corning (https://valuechain.wiki/corning.md)
- T2 Merck KGaA (EMD) (https://valuechain.wiki/merck-kgaa.md)
- T3 Veeva Systems (https://valuechain.wiki/veeva-systems.md)
- T2 Nitto Denko (https://valuechain.wiki/nitto-denko.md)
- T3 Kuraray (https://valuechain.wiki/kuraray.md)
- T1 LG Chem (https://valuechain.wiki/lg-chem.md)
- T2 LG Energy Solution (https://valuechain.wiki/lg-energy-solution.md)
- T3 POSCO Future M (https://valuechain.wiki/posco-future-m.md)
- T3 L&F (https://valuechain.wiki/landf.md)
- T3 Umicore (https://valuechain.wiki/umicore.md)
- T3 Chunbo (https://valuechain.wiki/chunbo.md)
- T3 Sociedad Química y Minera de Chile S.A. (https://valuechain.wiki/sqm.md)
- T3 Albemarle (https://valuechain.wiki/albemarle.md)
- T3 Daejoo Electronic Materials (https://valuechain.wiki/daejoo-electronic.md)
- T3 Yunnan Energy New Material (SEMCORP) (https://valuechain.wiki/yunnan-energy.md)
- T3 Lotte Energy Materials (https://valuechain.wiki/lotte-energy-materials.md)
- T3 SKC (https://valuechain.wiki/skc.md)
- T3 Enchem (https://valuechain.wiki/enchem.md)
- T3 Ganfeng Lithium (https://valuechain.wiki/ganfeng.md)
- T3 PNT (People & Technology) (https://valuechain.wiki/pnt.md)
- T3 Dai Nippon Printing (https://valuechain.wiki/dai-nippon-printing.md)
- T3 Advanced Nano Products (https://valuechain.wiki/advanced-nano-products.md)
- T3 LS ELECTRIC (https://valuechain.wiki/ls-electric.md)
- T2 Cosmo Advanced Materials & Technology (https://valuechain.wiki/cosmo-advanced-materials-technology.md)
- T3 Mitsubishi Chemical Holdings (https://valuechain.wiki/mitsubishi-chemical-holdings.md)
- T1 POSCO Holdings (https://valuechain.wiki/posco-holdings.md)
- T1 Qualcomm (https://valuechain.wiki/qualcomm.md)
- T2 King Yuan Electronics (KYEC) (https://valuechain.wiki/kyec.md)
- T3 Teradyne (https://valuechain.wiki/teradyne.md)
- T3 Advantest (https://valuechain.wiki/advantest.md)
- T2 United Microelectronics (UMC) (https://valuechain.wiki/umc.md)
- T3 Siemens EDA (https://valuechain.wiki/siemens-eda.md)
- T3 ASML (https://valuechain.wiki/asml.md)
- T3 KLA (https://valuechain.wiki/kla.md)
- T3 Applied Materials (https://valuechain.wiki/applied-materials.md)
- T3 Lam Research (https://valuechain.wiki/lam-research.md)
- T3 GlobalWafers (https://valuechain.wiki/globalwafers.md)
- T3 Synopsys (https://valuechain.wiki/synopsys.md)
- T3 Cadence Design Systems (https://valuechain.wiki/cadence.md)
- T2 Leeno Industrial (https://valuechain.wiki/leeno.md)
- T2 JCET (Jiangsu Changjiang Electronics) (https://valuechain.wiki/jcet.md)
- T3 Kulicke & Soffa (https://valuechain.wiki/kulicke-soffa.md)
- T2 Samsung Electronics (https://valuechain.wiki/samsung-electronics.md)
- T3 ASMPT (https://valuechain.wiki/asmpt.md)
- T3 Hanmi Semiconductor (https://valuechain.wiki/hanmi-semiconductor.md)
- T3 SFA Semicon (https://valuechain.wiki/sfa-semicon.md)
- T3 Daeduck Electronics (https://valuechain.wiki/daeduck.md)
- T3 Uni Test (https://valuechain.wiki/unitest.md)
- T3 Wonik QnC (https://valuechain.wiki/wonik-qnc.md)
- T3 SCREEN Holdings (https://valuechain.wiki/screen-holdings.md)
- T3 Onto Innovation (https://valuechain.wiki/onto-innovation.md)
- T3 ASM International (https://valuechain.wiki/asm-international.md)
- T3 Lasertec (https://valuechain.wiki/lasertec.md)
- T3 Resonac (https://valuechain.wiki/resonac.md)
- T3 Tokyo Ohka Kogyo (TOK) (https://valuechain.wiki/tokyo-ohka.md)
- T3 Disco Corporation (https://valuechain.wiki/disco.md)
- T3 MediaTek (https://valuechain.wiki/mediatek.md)
- T3 Wonik IPS (https://valuechain.wiki/wonik-ips.md)
- T3 Foosung (https://valuechain.wiki/foosung.md)
- T3 Shin-Etsu Chemical (https://valuechain.wiki/shin-etsu.md)
- T3 Ebara (https://valuechain.wiki/ebara.md)
- T3 Linde (https://valuechain.wiki/linde.md)
- T3 Nepes (https://valuechain.wiki/nepes.md)
- T3 Montage Technology (https://valuechain.wiki/montage.md)
- T3 Entegris (https://valuechain.wiki/entegris.md)
- T3 BESI (https://valuechain.wiki/besi.md)
- T3 KC Tech (https://valuechain.wiki/kc-tech.md)
- T3 SK Siltron (https://valuechain.wiki/sk-siltron.md)
- T3 S&S Tech (https://valuechain.wiki/sns-tech.md)
- T3 Arm Holdings (https://valuechain.wiki/arm.md)
- T3 Camtek (https://valuechain.wiki/camtek.md)
- T3 SUMCO Corporation (https://valuechain.wiki/sumco.md)
- T3 Samsung Electro-Mechanics (https://valuechain.wiki/samsung-electro-mechanics.md)
- T3 Cohu (https://valuechain.wiki/cohu.md)
- T3 LG Innotek (https://valuechain.wiki/lg-innotek.md)
- T3 ENF Technology (https://valuechain.wiki/enf-technology.md)
- T3 Fujimi Incorporated (https://valuechain.wiki/fujimi.md)
- T3 Dongjin Semichem (https://valuechain.wiki/dongjin-semichem.md)
- T3 Hitachi High-Tech (https://valuechain.wiki/hitachi-hightech.md)
- T3 Soulbrain (https://valuechain.wiki/soulbrain.md)
- T3 Hana Materials (https://valuechain.wiki/hana-materials.md)
- T3 Jusung Engineering (https://valuechain.wiki/jusung-engineering.md)
- T3 PSK Inc (https://valuechain.wiki/psk-inc.md)
- T3 Eugene Technology (https://valuechain.wiki/eugene-tech.md)
- T3 ISC (https://valuechain.wiki/isc.md)
- T3 Qnity Electronics (https://valuechain.wiki/qnity-electronics.md)
- T3 Park Systems (https://valuechain.wiki/park-systems.md)
- T3 HPSP (https://valuechain.wiki/hpsp.md)
- T3 Qorvo (https://valuechain.wiki/qorvo.md)
- T3 JSR Corporation (https://valuechain.wiki/jsr.md)
- T3 Tokyo Electron (TEL) (https://valuechain.wiki/tokyo-electron.md)
- T3 Photronics (https://valuechain.wiki/photronics.md)
- T3 EO Technics (https://valuechain.wiki/eo-technics.md)
- T3 Hana Micron (https://valuechain.wiki/hana-micron.md)
- T3 Kokusai Electric (https://valuechain.wiki/kokusai-electric.md)
- T3 Powertech Technology (PTI) (https://valuechain.wiki/powertech.md)
- T3 Air Liquide (https://valuechain.wiki/air-liquide.md)
- T3 FormFactor (https://valuechain.wiki/formfactor.md)
- T3 Simmtech (https://valuechain.wiki/simmtech.md)
- T3 Arteris (https://valuechain.wiki/arteris.md)
- T3 Samsung E&A (https://valuechain.wiki/samsung-e-a.md)
- T3 Air Products and Chemicals (https://valuechain.wiki/air-products.md)
- T3 Sumitomo Chemical (https://valuechain.wiki/sumitomo-chemical.md)
- T2 Soitec (https://valuechain.wiki/soitec.md)
- T2 TSMC (https://valuechain.wiki/tsmc.md)
- T3 Global Unichip (https://valuechain.wiki/global-unichip.md)
- T2 SMIC (https://valuechain.wiki/smic.md)
- T3 AMEC (https://valuechain.wiki/amec.md)
- T3 ACM Research (https://valuechain.wiki/acm-research.md)
- T3 Naura Technology (https://valuechain.wiki/naura.md)

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Full node: https://valuechain.wiki/lg-electronics.md · JSON: https://valuechain.wiki/lg-electronics.json