# Who are Merck KGaA (EMD)'s customers? Who does Merck KGaA (EMD) earn revenue from?
Canonical: https://valuechain.wiki/merck-kgaa · Facet: customers · Updated: 2026-09-12T00:04:11.349947+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Merck KGaA (EMD)'s confirmed revenue counterparties include SK하이닉스, 삼성전자, Intel plus 2 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 5 revenue edges, backed by 5 dated sources, 1 of them primary filings (as of 2026-09-12).

### SK하이닉스 (high)  → /sk-hynix.md
- note: Supplies consumable materials into SK Hynix's HBM/DRAM processes — consumption rises as scaling and stacking advance.
- [confirms] Merck KGaA (EN, filing, published 2026-03-06) https://www.reports.emdgroup.com/en/annualreport/2025/management-report/fundamental-information-about-the-group/company-profile-and-structure/electronics.html: "Supplies thin-film/CMP/gas materials to SK hynix."
- [confirms] e4ds news (KO, news, published 2026-02-11) https://www.e4ds.com/sub_view.asp?ch=115&t=0&idx=21934: "Supplies thin-film/CMP/gas materials to SK hynix."
- [confirms] MoneyToday (KO, news, published 2026-02-11) https://www.mt.co.kr/industry/2026/02/11/2026021110410268366: "Molybdenum production at Eumseong to supply Korean customers within 2026; Samsung Electronics and SK hynix are key customers. Korea investment above EUR 220M plus a EUR 600M plan underway."
- [confirms] Merck KGaA (EN, ir, published 2025-03-06) https://www.reports.merckgroup.com/en/annualreport/2024/management-report/fundamental-information-about-the-group/company-profile-and-structure/electronics.html: "Electronics FY2024 sales ~EUR 2.6bn (+7.8% organic); Semiconductor Solutions 69% of the segment; Asia-Pacific 68% of net sales."

### 삼성전자 (high)  → /samsung-electronics.md
- note: Supplies thin-film, CMP, gas and molybdenum materials into Samsung's DRAM/foundry scaling — as processes shrink, material variety and demand grow, a steadier consumable axis than equipment.
- [confirms] Merck KGaA (EN, filing, published 2026-03-06) https://www.reports.emdgroup.com/en/annualreport/2025/management-report/fundamental-information-about-the-group/company-profile-and-structure/electronics.html: "Supplies thin-film/CMP/gas materials to Samsung Electronics."
- [confirms] e4ds news (KO, news, published 2026-02-11) https://www.e4ds.com/sub_view.asp?ch=115&t=0&idx=21934: "Supplies thin-film/CMP/gas materials to Samsung Electronics."
- [confirms] MoneyToday (KO, news, published 2026-02-11) https://www.mt.co.kr/industry/2026/02/11/2026021110410268366: "Molybdenum production at Eumseong to supply Korean customers within 2026; Samsung Electronics and SK hynix are key customers. Korea investment above EUR 220M plus a EUR 600M plan underway."
- [confirms] Merck KGaA (EN, ir, published 2025-03-06) https://www.reports.merckgroup.com/en/annualreport/2024/management-report/fundamental-information-about-the-group/company-profile-and-structure/electronics.html: "Electronics FY2024 sales ~EUR 2.6bn (+7.8% organic); Semiconductor Solutions 69% of the segment; Asia-Pacific 68% of net sales."

### Intel (mid)  → /intel.md
- note: Supplies thin-film/CMP/gas materials into Intel's logic processes — a materials demand point for advanced-node transitions.
- [confirms] Merck KGaA (EN, filing, published 2026-03-06) https://www.reports.emdgroup.com/en/annualreport/2025/management-report/fundamental-information-about-the-group/company-profile-and-structure/electronics.html: "Supplies thin-film/CMP/gas materials to Intel."
- [confirms] e4ds news (KO, news, published 2026-02-11) https://www.e4ds.com/sub_view.asp?ch=115&t=0&idx=21934: "Supplies thin-film/CMP/gas materials to Intel."

### Micron Technology (mid)  → /micron.md
- note: Supplies consumable materials to Micron DRAM/NAND — recurring revenue tied to fab utilization.
- [confirms] Merck KGaA (EN, filing, published 2026-03-06) https://www.reports.emdgroup.com/en/annualreport/2025/management-report/fundamental-information-about-the-group/company-profile-and-structure/electronics.html: "Supplies thin-film/CMP/gas materials to Micron Technology."
- [confirms] e4ds news (KO, news, published 2026-02-11) https://www.e4ds.com/sub_view.asp?ch=115&t=0&idx=21934: "Supplies thin-film/CMP/gas materials to Micron Technology."

### LG디스플레이 (mid)  → /lg-display.md
- note: OLED organic materials (HTL, phosphorescent hosts) sales.
- [mentions] Digital Today (KO, news, published 2021-06-01) https://www.digitaltoday.co.kr/news/articleView.html?idxno=106495: "Merck supplies HTL and phosphorescent hosts to LGD."

Reverse side: https://valuechain.wiki/merck-kgaa/suppliers.md · Ripple: https://valuechain.wiki/merck-kgaa/ripple.md

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