# If Linde moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/linde · Facet: ripple · Updated: 2026-09-24T12:56:01.846+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Linde is directly linked to 8 companies (1 supply, 7 revenue relationships) and reaches 47 companies within two hops; the links are backed by 9 dated sources, 3 of them primary filings (as of 2026-09-24).

Linde operates across NYSE, industrial/specialty gases, fab on-site. It stayed steadily positive in recent years and is +13.1% in 2026. The demand side (avg +85.7%) leads the stock (+13.1%), so customer moves come first here. Among connected nodes the furthest ahead is Intel (+159.6%) and the furthest behind is TSMC (+41.9%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. With 15-20 year take-or-pay contracts per fab, results track semiconductor capacity build-outs while the annuity-like revenue dampens cycle swings.

## Demand chain (leading)
- T1 TSMC (https://valuechain.wiki/tsmc.md)
- T2 Apple (https://valuechain.wiki/apple.md)
- T3 T-Mobile US, Inc. (https://valuechain.wiki/t-mobile-us.md)
- T3 Target Corporation (https://valuechain.wiki/target.md)
- T3 Take-Two Interactive Software, Inc. (https://valuechain.wiki/take-two-interactive.md)
- T2 Broadcom (https://valuechain.wiki/broadcom.md)
- T3 Anthropic (https://valuechain.wiki/anthropic.md)
- T3 Meta Platforms (https://valuechain.wiki/meta.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)
- T2 Intel (https://valuechain.wiki/intel.md)
- T3 Lenovo (https://valuechain.wiki/lenovo.md)
- T3 Dell Technologies (https://valuechain.wiki/dell.md)
- T3 HP Inc. (https://valuechain.wiki/hp.md)
- T3 Microsoft (https://valuechain.wiki/microsoft.md)
- T3 Mercury Systems (https://valuechain.wiki/mercury-systems.md)
- T3 ASUSTeK Computer (https://valuechain.wiki/asustek.md)
- T3 F5, Inc. (https://valuechain.wiki/f5.md)
- T2 Marvell (https://valuechain.wiki/marvell.md)
- T3 Amazon (https://valuechain.wiki/amazon.md)
- T2 Astera Labs (https://valuechain.wiki/astera-labs.md)
- T3 NVIDIA (https://valuechain.wiki/nvidia.md)
- T2 Sony Semiconductor Solutions (https://valuechain.wiki/sony-semiconductor.md)
- T3 Nikon (https://valuechain.wiki/nikon.md)
- T2 Alchip Technologies (https://valuechain.wiki/alchip.md)
- T2 Credo Technology (https://valuechain.wiki/credo.md)
- T2 Global Unichip (https://valuechain.wiki/global-unichip.md)
- T3 SK hynix (https://valuechain.wiki/sk-hynix.md)
- T2 NXP Semiconductors (https://valuechain.wiki/nxp.md)
- T3 Honeywell Technologies (https://valuechain.wiki/honeywell-technologies.md)
- T3 Hubbell Incorporated (https://valuechain.wiki/hubbell-incorporated.md)
- T2 MediaTek (https://valuechain.wiki/mediatek.md)
- T3 Samsung Electronics (https://valuechain.wiki/samsung-electronics.md)
- T2 Renesas Electronics (https://valuechain.wiki/renesas.md)
- T3 Toyota Motor Corporation (https://valuechain.wiki/toyota.md)
- T2 Qualcomm (https://valuechain.wiki/qualcomm.md)
- T3 Xiaomi (https://valuechain.wiki/xiaomi.md)
- T3 LG Electronics (https://valuechain.wiki/lg-electronics.md)
- T3 General Motors (https://valuechain.wiki/general-motors.md)
- T3 Kyocera (https://valuechain.wiki/kyocera.md)
- T2 Mobileye (https://valuechain.wiki/mobileye.md)
- T3 Geely Auto (https://valuechain.wiki/geely-auto.md)
- T2 Analog Devices (https://valuechain.wiki/analog-devices.md)
- T3 Tesla (https://valuechain.wiki/tesla.md)
- T2 Microchip Technology (https://valuechain.wiki/microchip.md)
- T2 Cisco (https://valuechain.wiki/cisco.md)
- T2 Montage Technology (https://valuechain.wiki/montage.md)
- T2 Phison Electronics (https://valuechain.wiki/phison.md)
- T3 Seagate Technology (https://valuechain.wiki/seagate.md)
- T2 Cerebras Systems (https://valuechain.wiki/cerebras.md)
- T2 Ambarella (https://valuechain.wiki/ambarella.md)
- T3 AeroVironment (https://valuechain.wiki/aerovironment.md)
- T2 AMD (https://valuechain.wiki/amd.md)
- T3 Oracle (https://valuechain.wiki/oracle.md)
- T3 Hewlett Packard Enterprise (https://valuechain.wiki/hpe.md)
- T2 Realtek (https://valuechain.wiki/realtek.md)
- T2 Fortinet (https://valuechain.wiki/fortinet.md)
- T2 Will Semiconductor (https://valuechain.wiki/will-semiconductor.md)
- T1 Halliburton Company (https://valuechain.wiki/halliburton.md)
- T2 ConocoPhillips (https://valuechain.wiki/conocophillips.md)
- T3 Sinopec Corp (https://valuechain.wiki/sinopec.md)
- T3 Atmos Energy Corporation (https://valuechain.wiki/atmos-energy.md)
- T2 Chevron Corporation (https://valuechain.wiki/chevron.md)
- T3 Tokyo Electric Power Company Holdings, Incorporated (https://valuechain.wiki/tokyo-electric-power-company-holdings-incorporated.md)
- T3 Chubu Electric Power Co. (https://valuechain.wiki/chubu-electric-power-co.md)
- T2 Diamondback Energy, Inc. (https://valuechain.wiki/diamondback-energy.md)
- T2 Devon Energy Corporation (https://valuechain.wiki/devon-energy.md)
- T1 CF Industries Holdings, Inc. (https://valuechain.wiki/cf-industries.md)
- T2 Mitsui & Co. (https://valuechain.wiki/mitsui.md)
- T1 Dow Inc. (https://valuechain.wiki/dow.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)
- T2 Ecolab Inc. (https://valuechain.wiki/ecolab.md)
- T3 The Coca-Cola Company (https://valuechain.wiki/coca-cola.md)
- T3 McDonald's (https://valuechain.wiki/mcdonalds.md)

## Supply chain (benefiting)
- T1 ExxonMobil (https://valuechain.wiki/exxonmobil.md)
- T2 Yokogawa Electric (https://valuechain.wiki/yokogawa-electric.md)
- T2 Baker Hughes Company (https://valuechain.wiki/baker-hughes.md)
- T3 GE Vernova (https://valuechain.wiki/ge-vernova.md)
- T3 GE Aerospace (https://valuechain.wiki/ge-aerospace.md)
- T2 Air Liquide (https://valuechain.wiki/air-liquide.md)
- T2 Schlumberger (https://valuechain.wiki/schlumberger.md)
- T3 NVIDIA (https://valuechain.wiki/nvidia.md)
- T3 Amazon (https://valuechain.wiki/amazon.md)
- T2 Kinder Morgan, Inc. (https://valuechain.wiki/kinder-morgan.md)
- T2 Honeywell Technologies (https://valuechain.wiki/honeywell-technologies.md)
- T3 NXP Semiconductors (https://valuechain.wiki/nxp.md)
- T3 Alphabet (Google) (https://valuechain.wiki/alphabet.md)
- T3 Carrier Global Corporation (https://valuechain.wiki/carrier-global.md)
- T3 Honeywell Aerospace Inc. (https://valuechain.wiki/honeywell-aerospace.md)
- T2 Targa Resources Corp. (https://valuechain.wiki/targa-resources.md)
- T3 BlackRock (https://valuechain.wiki/blackrock.md)
- T2 Texas Pacific Land Corporation (https://valuechain.wiki/texas-pacific-land.md)

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