# 미디어텍 (2454.TW)
> 세계 최대 스마트폰 SoC 팹리스 중 하나로, 설계만 하고 생산 전량을 TSMC에 위탁하는 구조라 Arm IP·EDA·파운드리 캐파에 대한 의존이 구조적이다. 성장 논지는 두 축 — 모바일 AP(디멘시티)가 본업이고, 차량용(디멘시티 오토)·AI 엣지로 다변화하며 연 약 $4B R&D로 첨단노드를 좇는다. 팹리스라 재고·설비 리스크는 낮지만, TSMC 첨단노드 확보와 스마트폰 수요 사이클이 실적을 좌우한다.
Canonical: https://valuechain.wiki/mediatek · Updated: 2026-07-12T06:15:08.193537+00:00 · Source: ValueChain.wiki (refined facts, cited)

**인용용 요약**: 밸류체인 그래프 기준 미디어텍의 직접 연결 기업은 12곳(관계 기준 공급 9·매출 3)이고, 사슬을 2차까지 넓히면 85곳에 닿는다. 링크의 근거 출처는 16건이며 그중 1차공시가 2건이다 (valuechain.wiki, 2026-07-12 기준).

## Financials & segments
- 총매출: NT$5,960억 (2025 연결, +12.3%, 역대 최대·US$190억+)
- 고객 집중도: 설계 전담 팹리스로 생산은 전량 TSMC 외주 — 모바일 AP가 축이나 스마트엣지(+21%)·클라우드 AI ASIC(구글 TPU·엔비디아 GB10)로 다변화 중. 4Q25 스마트폰이 매출의 59%.
- 사업부문: 모바일 AP (디멘시티), 스마트엣지 플랫폼 (커넥티비티·AI), 전력 IC, 클라우드 AI ASIC (구글 TPU·엔비디아 GB10)

## Annual stock return (as of 2026-07-09)
- 2021: +27.8%
- 2022: -26.6%
- 2023: +52.9%
- 2024: +58.3%
- 2025: +24.9%
- 2026 YTD: +124.3%

## Value-chain annual returns (top→bottom: demand → node → supply; YTD as of 2026-07-09)
| Company | Chain | 2021 | 2022 | 2023 | 2024 | 2025 | YTD |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Nebius | lead3 | · | · | · | · | +202.2% | +162.4% |
| Datadog | lead3 | +80.9% | -58.7% | +65.1% | +17.7% | -4.8% | +89.4% |
| LG전자 | lead3 | -16.2% | -20.9% | -5.8% | -9.5% | +19.2% | +85.5% |
| 팔로알토 네트웍스 | lead3 | +56.7% | -24.8% | +111.3% | +23.4% | +1.2% | +76.9% |
| Eoptolink | lead3 | -10.1% | -27.7% | +136.6% | +197% | +368.8% | +74.9% |
| 교세라 | lead3 | +7.5% | -2.1% | +33.8% | -24% | +46.7% | +63% |
| CrowdStrike | lead3 | -3.3% | -48.6% | +142.5% | +34% | +37% | +59.7% |
| Illumina | lead3 | +2.8% | -46.9% | -31.1% | -1.3% | -1.8% | +45% |
| Arista Networks | lead3 | +97.9% | -15.6% | +94.1% | +87.7% | +18.5% | +42.7% |
| 플래닛랩스 | lead3 | · | -29.3% | -43.2% | +63.6% | +388.1% | +32.1% |
| Starbucks Corp | lead3 | +11.1% | -13.2% | -1.2% | -2.5% | -5.3% | +27.4% |
| CoreWeave | lead3 | · | · | · | · | · | +24.1% |
| 존슨 컨트롤스 | lead3 | +77.4% | -19.3% | -7.6% | +39.8% | +53% | +20% |
| Snowflake | lead3 | +20.4% | -57.6% | +38.6% | -22.4% | +42.1% | +19.2% |
| Apple | lead3 | +34.6% | -26.4% | +49% | +30.7% | +9.1% | +16.2% |
| Airbnb Inc | lead3 | · | -48.6% | +59.2% | -3.5% | +3.3% | +9.5% |
| Lockheed Martin | lead3 | +3.2% | +40.5% | -4.3% | +10% | +2.5% | +9.5% |
| RTX | lead3 | +23.3% | +20% | -14.4% | +40.8% | +61.4% | +7.6% |
| Costco Wholesale | lead3 | +51.8% | -19% | +49% | +39.6% | -5.4% | +6.6% |
| Procter & Gamble | lead3 | +20.5% | -5% | -0.9% | +17.3% | -12.3% | +4.1% |
| Walmart Inc | lead3 | +2% | -0.5% | +12.9% | +74% | +24.5% | +2.6% |
| 마쓰다 | lead3 | +18.8% | +22.8% | +81.1% | -39% | +17.3% | -3.2% |
| Schrödinger | lead3 | -56% | -46.3% | +91.5% | -46.1% | -7.3% | -7.8% |
| MercadoLibre | lead3 | -19.5% | -37.2% | +85.7% | +8.2% | +18.5% | -8% |
| Uber | lead3 | -17.8% | -41% | +149% | -2% | +35.5% | -8.8% |
| McDonald's | lead3 | +27.8% | +0.5% | +15.1% | +0.1% | +7.9% | -9% |
| LVMH | lead3 | +46.6% | +12.7% | -1.8% | -7.3% | -20.4% | -9% |
| Recursion Pharmaceuticals | lead3 | · | -55% | +27.9% | -31.4% | -39.5% | -13% |
| Disney | lead3 | -14.5% | -43.9% | +4.3% | +24.4% | +3.3% | -15.3% |
| 메이퇀 | lead3 | -38.1% | -20.7% | -64.2% | +137.6% | -34.6% | -19% |
| Coupang | lead3 | · | -49.9% | +10.1% | +35.8% | +7.3% | -20.3% |
| Netflix | lead3 | +11.4% | -51.1% | +65.1% | +83.1% | +5.2% | -21.7% |
| Shopify | lead3 | +21.7% | -74.8% | +124.4% | +36.5% | +51.4% | -23.9% |
| 샤오미 | lead3 | -43.9% | -21.1% | -4.6% | +209.7% | -6.9% | -27.2% |
| Palantir | lead3 | -22.7% | -64.7% | +167.4% | +340.5% | +135% | -28.7% |
| ServiceNow | lead3 | +17.9% | -40.2% | +82% | +50.1% | -27.7% | -29.7% |
| 킹소프트 오피스 | lead3 | -41.3% | +16% | -23.7% | +47.1% | +7.6% | -30.2% |
| Dell | lead2 | +51.2% | -26.6% | +95.9% | +53% | +11.2% | +248.1% |
| Marvell | lead2 | +84.6% | -57.5% | +63.7% | +83.8% | -22.8% | +177.8% |
| Lenovo | lead2 | -4.6% | -20.9% | +36.2% | +18.2% | -0.6% | +175.7% |
| AMD | lead2 | +56.9% | -55% | +127.6% | -18.1% | +77.3% | +160.5% |
| HPE | lead2 | +37.4% | +4.5% | +9.7% | +29.1% | +15.5% | +104% |
| TeraWulf | lead2 | +77.1% | -95.5% | +258.2% | +135.8% | +103% | +91.2% |
| Aurora Innovation | lead2 | · | -89.3% | +261.2% | +44.2% | -39% | +66.1% |
| Mercury Systems | lead2 | -37.5% | -18.7% | -18.3% | +14.8% | +73.8% | +47.9% |
| 에이수스(ASUS) | lead2 | +35.5% | -12.9% | +72% | +41.1% | -14.1% | +46.7% |
| Wiwynn | lead2 | +24.7% | -22.3% | +206.4% | +3.5% | +64.4% | +45.1% |
| 기가바이트 | lead2 | +82.3% | -3.4% | +173.2% | -15.9% | -4.7% | +44.4% |
| Cloudflare | lead2 | +73% | -65.6% | +84.2% | +29.3% | +83.1% | +36.1% |
| Quanta | lead2 | +22.2% | -12.8% | +254.5% | +12.7% | +8.9% | +33.4% |
| SK텔레콤 | lead2 | +7.9% | -12% | +15.8% | +15.5% | +37.5% | +23.4% |
| Celestica | lead2 | +37.9% | +1.3% | +159.8% | +215.2% | +220.3% | +21.7% |
| 지리자동차 | lead2 | -40.8% | -22.9% | -40.3% | +98.5% | +14.5% | +18.9% |
| Broadcom | lead2 | +56.5% | -13.3% | +104.2% | +110.5% | +50.6% | +16% |
| 위스트론 | lead2 | +7.9% | +9.7% | +272.7% | -1.6% | +22.7% | +14.8% |
| 알파벳 (구글) | lead2 | +65.3% | -39.1% | +58.3% | +36% | +66% | +14.3% |
| Qualcomm | lead2 | +22.3% | -38.6% | +35.1% | +8.3% | +13.8% | +11.7% |
| Foxconn | lead2 | -5.1% | +2.8% | +7.8% | +80.1% | +26.9% | +10.9% |
| IREN | lead2 | · | -92.3% | +472% | +37.3% | +284.6% | +8.9% |
| 아마존 | lead2 | +2.4% | -49.6% | +80.9% | +44.4% | +5.2% | +6.3% |
| 메타 플랫폼스 | lead2 | +23.1% | -64.2% | +194.1% | +66% | +13.1% | +1.6% |
| Tempus AI | lead2 | · | · | · | · | +74.9% | -1.4% |
| IBM | lead2 | +16.7% | +10.6% | +21.8% | +39.3% | +38.2% | -1.6% |
| Super Micro | lead2 | +38.8% | +86.8% | +246.2% | +7.2% | -4% | -3.3% |
| 제너럴 모터스 | lead2 | +40.8% | -42.4% | +7.9% | +49.8% | +54.2% | -3.8% |
| IonQ | lead2 | · | -79.3% | +259.1% | +237.1% | +7.4% | -4.5% |
| 현대차 | lead2 | -16.7% | -4.7% | +16.2% | +12.3% | +158.8% | -7.8% |
| Tesla | lead2 | +49.8% | -65% | +101.7% | +62.5% | +11.4% | -9.3% |
| Toyota Motor Corporation | lead2 | +58.1% | -13.4% | +63% | +1.8% | +21.8% | -18.2% |
| 마이크로소프트 | lead2 | +52.5% | -28% | +58.2% | +12.9% | +15.6% | -20% |
| 알리바바 | lead2 | -49% | -25.8% | -10.8% | +11.8% | +75.8% | -22.7% |
| 텐센트 | lead2 | -28.6% | -14.2% | -28.7% | +49.8% | +52.1% | -23.2% |
| 바이두 | lead2 | · | -8.2% | -23.4% | -13.5% | +74.2% | -24.5% |
| Rigetti Computing | lead2 | · | -92.9% | +35.1% | +1449.2% | +45.2% | -25.3% |
| Oracle | lead2 | +36.9% | -4.6% | +30.9% | +60% | +18.1% | -27.4% |
| Kratos | lead2 | -29.3% | -46.8% | +96.6% | +30% | +187.8% | -36.5% |
| Pony.ai | lead2 | · | · | · | · | +1% | -54.6% |
| 삼성전자 | lead1 | -9% | -14.2% | +20.9% | -26.4% | +212.9% | +77.9% |
| NVIDIA | lead1 | +125.5% | -50.3% | +239% | +171.2% | +38.9% | +13.3% |
| 미디어텍 | node | +27.8% | -26.6% | +52.9% | +58.3% | +24.9% | +124.3% |
| UMC | benef1 | +43.2% | -40.3% | +39.2% | -19% | +28.8% | +215.1% |
| 난야PCB | benef1 | +110.6% | -46.7% | -0.5% | -38.3% | +188.2% | +213.4% |
| Arm Holdings | benef1 | · | · | · | +64.2% | -11.4% | +195.8% |
| JCET | benef1 | -34% | +0.2% | -15.2% | +73.3% | +28% | +104.6% |
| TSMC | benef1 | +12.1% | -36.7% | +42.3% | +92.6% | +55.9% | +43.6% |
| KYEC | benef1 | +26.7% | -7.7% | +132.4% | +38.6% | +171% | +4.2% |
| 섬코 | benef2 | -4.3% | -3.9% | +21.3% | -48.1% | +41.7% | +225.8% |
| GlobalWafers | benef2 | +26.9% | -29.9% | +14.3% | -39% | +48.9% | +171.6% |
| Kulicke & Soffa | benef2 | +92.4% | -25.8% | +25.5% | -13.2% | -0.3% | +150.1% |
| 어플라이드 머티어리얼즈 | benef2 | +83.6% | -37.5% | +68% | +1.1% | +59.6% | +135% |
| 램리서치 | benef2 | +53.7% | -40.7% | +88.6% | -6.8% | +139.2% | +105% |
| Onto Innovation | benef2 | +112.9% | -32.7% | +124.6% | +9% | -5.3% | +103.6% |
| KLA | benef2 | +68% | -11.2% | +56% | +9.4% | +94.5% | +91% |
| SCREEN Holdings | benef2 | +40.7% | -13.2% | +220.1% | -24.1% | +84.9% | +86.3% |
| Teradyne | benef2 | +36.8% | -46.3% | +24.8% | +16.5% | +54.4% | +85.9% |
| Resonac | benef2 | -2.6% | -4% | +37.5% | +30.3% | +137.9% | +80.4% |
| 도쿄일렉트론 | benef2 | +40.4% | -14.5% | +89.8% | -4.4% | +61.6% | +78.2% |
| 퀴니티 일렉트로닉스 | benef2 | · | · | · | · | · | +76.3% |
| Entegris | benef2 | +44.6% | -52.5% | +83.5% | -17.1% | -14.6% | +72.8% |
| ASML | benef2 | +64.1% | -30.5% | +39.9% | -7.7% | +55.8% | +68.6% |
| Global Unichip | benef2 | +21.4% | +67.6% | +99.4% | -13.7% | +101.4% | +66.4% |
| BESI | benef2 | +33.7% | -6.1% | +121.8% | -9.3% | +35% | +56.2% |
| Fujimi | benef2 | +64.7% | -1.6% | +40.4% | -24.2% | +28.4% | +54.6% |
| 신에쓰화학 | benef2 | +6.3% | +3.1% | +57.8% | -15.6% | +7.6% | +44% |
| Tokyo Ohka Kogyo | benef2 | -2.7% | -3% | +63.8% | +4.3% | +111.5% | +42.9% |
| Ebara | benef2 | +58.1% | +2.3% | +76.1% | +41% | +84% | +32.3% |
| ASM International | benef2 | +44.2% | +2.9% | +68.7% | +10.3% | +25.9% | +28.8% |
| Linde | benef2 | +33.4% | -4.4% | +27.7% | +3.2% | +3.2% | +25.1% |
| Cadence Design Systems | benef2 | +36.6% | -13.8% | +69.6% | +10.3% | +4% | +22.9% |
| Lasertec | benef2 | +78.9% | +2.4% | +57% | -60.6% | +138.9% | +22.4% |
| Advantest | benef2 | +17% | -2.3% | +155.7% | +49.5% | +196% | +17.1% |
| Air Liquide | benef2 | +14.1% | +7.9% | +20.9% | +8.5% | -4.8% | +12.5% |
| 디스코 | benef2 | -6.6% | +27.7% | +218.5% | +11.6% | +49.6% | +10.2% |
| 지멘스 | benef2 | +12.2% | +5.1% | +20.1% | +28% | +26.4% | +8.7% |
| 소프트뱅크그룹 | benef2 | +10.2% | +9.9% | +39.2% | +6.5% | +8.5% | +3.2% |
| 이오테크닉스 | benef2 | +7.6% | -28.2% | +130.5% | -16.2% | +163.2% | +0.7% |
| HPSP | benef2 | · | · | +216.5% | -30.4% | +54.7% | -4.5% |
| Synopsys | benef2 | +42.1% | -13.4% | +61.3% | -5.7% | -3.2% | -5.2% |
| Photronics | benef2 | +68.9% | -10.7% | +86.4% | -24.9% | +35.8% | -6.6% |
| 리노공업 | benef2 | +21% | -5.3% | +18.3% | +9.5% | +150.1% | -30.3% |
| 이코르 | benef3 | +52.7% | -41.7% | +25.4% | -4.2% | -42.8% | +444.2% |
| MKS Instruments | benef3 | +16.4% | -51% | +22.6% | +2.2% | +54.4% | +131% |
| 어드밴스드에너지 | benef3 | -5.7% | -5.4% | +27.5% | +6.6% | +81.6% | +47.2% |
| SMC Corporation | benef3 | +0.9% | +4.5% | +28.6% | -28% | +4.2% | +26.6% |
| 듀폰 | benef3 | +15.4% | -13.4% | +14.4% | +1% | +28.7% | +12.6% |
| 요코가와전기 | benef3 | -15.9% | +23.6% | +30.6% | +18.8% | +52.3% | +9.4% |
| 원익QnC | benef3 | +26.2% | +2% | +11.9% | -33.7% | +53.4% | +9.3% |
| Siemens Energy | benef3 | -35.4% | -2.7% | -27% | +314.2% | +149.9% | +5.7% |
| 티씨케이 | benef3 | -10.1% | -16.9% | +2.8% | -28.7% | +225.7% | -2.5% |
| 호야 | benef3 | +10.8% | -3% | +34.4% | +11.3% | +24.9% | -2.9% |
| 히타치 | benef3 | +40.6% | +16.7% | +75.4% | +71.1% | +37.5% | -11.8% |
| 하나머티리얼즈 | benef3 | +106% | -30.5% | +26.1% | -47.4% | +173.9% | -15.7% |

설계만 하고 TSMC에 전량 위탁하는 세계 최대급 모바일 SoC 팹리스로, Arm IP·EDA·파운드리 캐파에 대한 의존이 구조적이다. 성장 논지는 모바일 AP(디멘시티)를 축으로 차량용·AI 엣지로 다변화하는 것이며, 연 $4B R&D가 첨단노드 경쟁의 입장권이다. 리스크는 스마트폰 수요 사이클과 TSMC 첨단노드 캐파 확보이고, 그래프 파급은 미디어텍 물량이 위로 TSMC·UMC 파운드리와 KYEC 테스트로, 아래로 삼성 등 OEM 수요로 이어지는 경로다. (analysis as of 2026-07-09)

## Money in · revenue from (4)
### 스마트폰·차량 OEM (비공개) (mid)
- metric: 금액 NT$596B · MediaTek FY2025 매출(+12.3%)
- note: 모바일 AP(갤럭시 A 등)을(를) 스마트폰·차량 OEM에 공급.
- [confirms] 미디어텍 (EN, ir, published 2025-05-01) https://corp.mediatek.com/investor-relations: "모바일 AP(갤럭시 A 등)을(를) 스마트폰·차량 OEM에 공급."

### 삼성전자 (mid)  → /samsung-electronics.md
- metric: 금액 NT$596B · MediaTek FY2025 매출(+12.3%)
- note: 삼성전자 갤럭시 A 등에 모바일 AP 공급 — OEM에 칩을 파는 매출축이자 경쟁사(엑시노스)와의 병행 관계.
- [confirms] MediaTek IR (EN, filing, published 2026-02-04) https://www.mediatek.com/hubfs/MediaTek%20Assets/Pdfs/Quarterly%20Earnings%20Release/2025/Quarterly%20Earnings%20Release-2025Q4/Transcript.pdf: "갤럭시 A 등에 모바일 AP 공급; FY2025 매출 NT$5,960억"
- [confirms] 미디어텍 (EN, ir, published 2025-05-01) https://corp.mediatek.com/investor-relations: "삼성전자에 모바일 AP(갤럭시 A 등) 공급."
- [confirms] 회사 IR/거래소 공시 (EN, filing, published 2025-04-01) https://corp.mediatek.com/investor-relations/financial-information: "연차보고서: 매출·고객·사업."
- [confirms] 나무위키 (KO, reference, published 2025-01-01) https://namu.wiki/w/TSMC: "삼성전자에 모바일 AP(갤럭시 A 등) 공급."

### 엔비디아 (GB10 커스텀 실리콘) (mid)  → /nvidia.md
- metric: 금액 $1B · 2026 클라우드 ASIC 매출 목표(합산)
- note: 엔비디아 GB10 그레이스 블랙웰 슈퍼칩을 공동 설계 — DGX Spark 개인 AI 슈퍼컴퓨터에 탑재. 미디어텍이 팹리스 설계·IP 역량을 클라우드 AI ASIC로 확장하는 재평가 축의 한 갈래.
- [confirms] TrendForce (EN, research, published 2025-12-15) https://www.trendforce.com/news/2025/12/15/news-mediatek-reportedly-secures-google-v7e-v8e-tpu-orders-requests-7-fold-cowos-increase-from-tsmc/: "미디어텍-엔비디아 GB10 공동설계(DGX Spark); 클라우드 ASIC $10억(2026)·수십억(2027) 목표"

### 알파벳 (구글 TPU v7e/v8e) (mid)  → /alphabet.md
- metric: 금액 $1B · 2026 클라우드 ASIC 매출 목표(합산)
- note: 구글 TPU v7e·v8e 커스텀 ASIC을 수주 — 브로드컴과 병행해 미디어텍이 I/O 설계·TSMC 생산 조율을 맡는다(Ironwood 2026). v7e는 2026 하반기 출하 예정으로 TSMC CoWoS 캐파 7배 증설 요청. 클라우드 ASIC 매출 $10억(2026) 목표의 핵심 축.
- [confirms] TrendForce (EN, research, published 2025-12-15) https://www.trendforce.com/news/2025/12/15/news-mediatek-reportedly-secures-google-v7e-v8e-tpu-orders-requests-7-fold-cowos-increase-from-tsmc/: "미디어텍, 구글 TPU v7e·v8e 수주; v7e 2026 하반기 출하, CoWoS 7배 증설"

## Money out · pays to (10)
### Arm Holdings (high)  → /arm.md
- metric: 금액 NT$596B · MediaTek FY2025 매출(+12.3%)
- note: Arm 아키텍처 IP를 라이선스 — SoC 설계의 명령어셋 기반으로, 로열티가 구조적 고정비.
- [confirms] MediaTek IR (EN, filing, published 2026-02-04) https://www.mediatek.com/hubfs/MediaTek%20Assets/Pdfs/Quarterly%20Earnings%20Release/2025/Quarterly%20Earnings%20Release-2025Q4/Transcript.pdf: "미디어텍 FY2025 매출 NT$5,960억(+12.3%), 생산 전량 TSMC 외주·팹리스"
- [confirms] TechInsights (EN, research, published 2025-11-26) https://www.techinsights.com/blog/dimensity-9500-debuts-arm-c1-cores-and-dual-npu: "디멘시티 9500은 Arm C1-Ultra·Premium·Pro 코어 클러스터 채택."
- [confirms] 미디어텍 (EN, ir, published 2025-05-01) https://corp.mediatek.com/investor-relations: "Arm Holdings에서 파운드리·IP·EDA 매입."
- [confirms] 나무위키 (KO, reference, published 2025-01-01) https://namu.wiki/w/TSMC: "Arm Holdings에서 파운드리·IP·EDA 매입."

### UMC (high)  → /umc.md
- metric: 금액 NT$596B · MediaTek FY2025 매출(+12.3%)
- note: UMC 성숙노드에 일부 위탁생산 — 첨단은 TSMC, 성숙은 UMC로 나누는 이원 파운드리 조달.
- [confirms] MediaTek IR (EN, filing, published 2026-02-04) https://www.mediatek.com/hubfs/MediaTek%20Assets/Pdfs/Quarterly%20Earnings%20Release/2025/Quarterly%20Earnings%20Release-2025Q4/Transcript.pdf: "미디어텍 FY2025 매출 NT$5,960억(+12.3%), 생산 전량 TSMC 외주·팹리스"
- [confirms] Tom's Hardware (EN, news, published 2025-06-15) https://www.tomshardware.com/tech-industry/semiconductors/the-trailing-edge-foundry-roadmap-examined: "UMC의 주요 고객에 미디어텍 포함 — 22/28nm 성숙·특수공정 위탁(매출의 40%대)."

### JCET (high)  → /jcet.md
- metric: 금액 NT$596B · MediaTek FY2025 매출(+12.3%)
- note: JCET에서 후공정 조립·테스트 이용.
- [confirms] MediaTek IR (EN, filing, published 2026-02-04) https://www.mediatek.com/hubfs/MediaTek%20Assets/Pdfs/Quarterly%20Earnings%20Release/2025/Quarterly%20Earnings%20Release-2025Q4/Transcript.pdf: "미디어텍 FY2025 매출 NT$5,960억(+12.3%), 생산 전량 TSMC 외주·팹리스"
- [confirms] 트렌드포스 (EN, analysis, published 2025-05-13) https://www.trendforce.com/presscenter/news/20250513-12577.html: "JCET에서 후공정 조립·테스트 이용."
- [confirms] JCET (EN, ir, published 2025-05-01) https://www.jcetglobal.com/en/: "JCET에서 후공정 조립·테스트 이용."

### TSMC (high)  → /tsmc.md
- metric: 금액 NT$596B · MediaTek FY2025 매출(+12.3%)
- note: 생산 전량을 TSMC 첨단 파운드리에 위탁 — 팹리스라 첨단노드 캐파 확보가 곧 출하 상한이자 최대 의존처.
- [confirms] TrendForce (EN, news, published 2026-05-29) https://www.trendforce.com/news/2026/05/29/news-mediatek-ceo-reaffirms-tsmc-as-key-long-term-partner-amid-samsungs-reported-push-for-foundry-orders/: "릭 차이 CEO, TSMC를 12nm~1.4nm 전 공정의 핵심 장기 파운드리 파트너로 확인."
- [confirms] MediaTek IR (EN, filing, published 2026-02-04) https://www.mediatek.com/hubfs/MediaTek%20Assets/Pdfs/Quarterly%20Earnings%20Release/2025/Quarterly%20Earnings%20Release-2025Q4/Transcript.pdf: "미디어텍 FY2025 매출 NT$5,960억(+12.3%), 생산 전량 TSMC 외주·팹리스"
- [confirms] TechInsights (EN, research, published 2025-11-26) https://www.techinsights.com/blog/dimensity-9500-debuts-arm-c1-cores-and-dual-npu: "디멘시티 9500은 TSMC N3P 공정 제조, 300억 트랜지스터."
- [confirms] 미디어텍 (EN, ir, published 2025-05-01) https://corp.mediatek.com/investor-relations: "TSMC에서 파운드리·IP·EDA 매입."
- [confirms] 나무위키 (KO, reference, published 2025-01-01) https://namu.wiki/w/TSMC: "TSMC에서 파운드리·IP·EDA 매입."

### KYEC (mid)  → /kyec.md
- metric: 금액 NT$596B · MediaTek FY2025 매출(+12.3%)
- note: KYEC에서 반도체 테스트 이용.
- [confirms] MediaTek IR (EN, filing, published 2026-02-04) https://www.mediatek.com/hubfs/MediaTek%20Assets/Pdfs/Quarterly%20Earnings%20Release/2025/Quarterly%20Earnings%20Release-2025Q4/Transcript.pdf: "미디어텍 FY2025 매출 NT$5,960억(+12.3%), 생산 전량 TSMC 외주·팹리스"
- [confirms] KYEC (EN, ir, published 2025-05-01) https://www.kyec.com.tw/en/: "KYEC에서 반도체 테스트 이용."
- [confirms] Mordor Intelligence (EN, analysis, published 2025-01-01) https://www.mordorintelligence.com/industry-reports/osat-market/companies: "KYEC에서 반도체 테스트 이용."

### Siemens EDA (mid)  → /siemens-eda.md
- metric: 금액 NT$596B · MediaTek FY2025 매출(+12.3%)
- note: 지멘스 EDA(Calibre 등) 라이선스 지급.
- [confirms] MediaTek IR (EN, filing, published 2026-02-04) https://www.mediatek.com/hubfs/MediaTek%20Assets/Pdfs/Quarterly%20Earnings%20Release/2025/Quarterly%20Earnings%20Release-2025Q4/Transcript.pdf: "미디어텍 FY2025 매출 NT$5,960억(+12.3%), 생산 전량 TSMC 외주·팹리스"
- [confirms] 위키백과 (KO, news, published 2026-01-01) https://ko.wikipedia.org/wiki/멘토_그래픽스: "미디어텍가 지멘스 EDA(Calibre·Tessent·Questa) 라이선스로 칩 설계."
- [confirms] SemiWiki (EN, research, published 2025-06-01) https://semiwiki.com/wikis/company-wikis/mentor-graphics-wiki/: "미디어텍가 지멘스 EDA(Calibre·Tessent·Questa) 라이선스로 칩 설계."

### Synopsys (mid)  → /synopsys.md
- metric: 금액 NT$596B · MediaTek FY2025 매출(+12.3%)
- note: Synopsys EDA 툴·IP 라이선스 — 칩 설계에 필수인 소프트웨어 원가.
- [confirms] MediaTek IR (EN, filing, published 2026-02-04) https://www.mediatek.com/hubfs/MediaTek%20Assets/Pdfs/Quarterly%20Earnings%20Release/2025/Quarterly%20Earnings%20Release-2025Q4/Transcript.pdf: "미디어텍 FY2025 매출 NT$5,960억(+12.3%), 생산 전량 TSMC 외주·팹리스"
- [confirms] 미디어텍 (EN, ir, published 2025-05-01) https://corp.mediatek.com/investor-relations: "Synopsys에서 파운드리·IP·EDA 매입."
- [confirms] 나무위키 (KO, reference, published 2025-01-01) https://namu.wiki/w/TSMC: "Synopsys에서 파운드리·IP·EDA 매입."

### Cadence Design Systems (mid)  → /cadence.md
- metric: 금액 NT$596B · MediaTek FY2025 매출(+12.3%)
- note: Cadence EDA 툴 라이선스 — 설계·검증 소프트웨어 원가.
- [confirms] MediaTek IR (EN, filing, published 2026-02-04) https://www.mediatek.com/hubfs/MediaTek%20Assets/Pdfs/Quarterly%20Earnings%20Release/2025/Quarterly%20Earnings%20Release-2025Q4/Transcript.pdf: "미디어텍 FY2025 매출 NT$5,960억(+12.3%), 생산 전량 TSMC 외주·팹리스"
- [confirms] 미디어텍 (EN, ir, published 2025-05-01) https://corp.mediatek.com/investor-relations: "Cadence Design Systems에서 파운드리·IP·EDA 매입."
- [confirms] 나무위키 (KO, reference, published 2025-01-01) https://namu.wiki/w/TSMC: "Cadence Design Systems에서 파운드리·IP·EDA 매입."

### 난야PCB (mid)  → /nanya-pcb.md
- metric: 금액 NT$596B · MediaTek FY2025 매출(+12.3%)
- note: 난야PCB에서 BT·패키지 기판 이용.
- [confirms] MediaTek IR (EN, filing, published 2026-02-04) https://www.mediatek.com/hubfs/MediaTek%20Assets/Pdfs/Quarterly%20Earnings%20Release/2025/Quarterly%20Earnings%20Release-2025Q4/Transcript.pdf: "미디어텍 FY2025 매출 NT$5,960억(+12.3%), 생산 전량 TSMC 외주·팹리스"
- [confirms] 난야PCB (EN, ir, published 2025-05-01) https://www.npc.com.tw/npceb2b/en/: "난야PCB에서 BT·패키지 기판 이용."
- [confirms] MatrixBCG (EN, analysis, published 2025-01-01) https://matrixbcg.com/blogs/growth-strategy/nanyapcb: "난야PCB에서 BT·패키지 기판 이용."

### 부품·소재·R&D (비공개) (low)
- note: 제조용 부품·소재·R&D(비공개).
- [confirms] 미디어텍 (EN, ir, published 2025-05-01) https://corp.mediatek.com/investor-relations: "제조용 부품·소재·R&D(비공개)."

## 질문별 엔드포인트
- 누가 미디어텍의 고객인가? 미디어텍의 매출은 어디서 오는가? → https://valuechain.wiki/mediatek/customers.md
- 미디어텍의 주요 공급사는 어디인가? 미디어텍의 비용은 누구에게 가는가? → https://valuechain.wiki/mediatek/suppliers.md
- 미디어텍 주가가 움직이면 누가 수혜를 보는가? 미디어텍의 가치사슬 파급은 어디까지인가? → https://valuechain.wiki/mediatek/ripple.md
- 증권가가 보는 미디어텍: 목표주가와 투자의견은? → https://valuechain.wiki/mediatek/consensus.md

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_Generated for LLM/agent consumption. Each edge lists stance (confirms/mentions/contradicts), source publisher, language, date, and excerpt for verification._