{"slug":"motorola-solutions","name":"모토로라 솔루션스","name_en":"Motorola Solutions, Inc.","ticker":"MSI","updated_at":"2026-09-11T18:40:30.270212+00:00","canonical":"https://valuechain.wiki/motorola-solutions","citable":"밸류체인 그래프 기준 모토로라 솔루션스의 직접 연결 기업은 2곳(관계 기준 공급 2·매출 0)이고, 사슬을 2차까지 넓히면 10곳에 닿는다. 링크의 근거 출처는 8건이며 그중 1차공시가 1건이다 (valuechain.wiki, 2026-09-11 기준).","citable_en":"Per the valuechain.wiki graph, Motorola Solutions, Inc. is directly linked to 2 companies (2 supply, 0 revenue relationships) and reaches 10 companies within two hops; the links are backed by 8 dated sources, 1 of them primary filings (as of 2026-09-11).","kicker":"공공안전 통신·보안","kicker_en":"Public safety communications","lead":"모토로라 솔루션스는 공공안전, 국방, 기업 고객에게 임무필수 무선망, 영상보안, 지휘통제 소프트웨어와 서비스를 판매한다. 제품 제조는 Jabil 같은 위탁생산사와 글로벌파운드리 같은 반도체 공급사에 의존하고, 2025년에는 Silvus를 인수해 전술 데이터망으로 사업 범위를 넓혔다.","lead_en":"Motorola Solutions sells mission critical radio networks, video security, command center software and services to public safety, defense and enterprise customers. It relies on contract manufacturers such as Jabil and chip suppliers such as GlobalFoundries, and in 2025 it acquired Silvus to add tactical data networking.","categories":[{"key":"public-safety-mission-systems","ko":"공공안전·임무 시스템","en":"Public Safety & Mission Systems","theme":"industrial-infrastructure","theme_ko":"산업 인프라·중공업","theme_en":"Industrial Infrastructure & Heavy Industry","theme_kind":"sector","primary":true},{"key":"telecom-network-equipment","ko":"통신망 장비","en":"Telecommunications Network Equipment","theme":"communications-media","theme_ko":"통신·미디어","theme_en":"Communications & Media","theme_kind":"sector","primary":false}],"segments":{"parts":[{"name":"제품 및 시스템 통합","note":"FY2025 순매출의 62%"},{"name":"소프트웨어 및 서비스","note":"FY2025 순매출의 38%"}],"total":"FY2025 총매출 116억 8,200만달러","track":"C"},"segments_en":{"parts":[{"name":"Products and Systems Integration","note":"62% of FY2025 net sales"},{"name":"Software and Services","note":"38% of FY2025 net sales"}],"total":"$11.682 billion total revenue in FY2025"},"returns_yearly":{"2021":61.9,"2022":-3.8,"2023":23,"2024":49.1,"2025":-16.2,"2026":16.8},"return_asof":"2026-10-09","value_chain":{"leading":[],"benefiting":[{"slug":"jabil","name":"자빌","name_en":"Jabil","tier":1,"returns_yearly":{"2021":66.4,"2022":-2.5,"2023":87.4,"2024":13.3,"2025":58.7,"2026":36.3}},{"slug":"globalfoundries","name":"글로벌파운드리","name_en":"GlobalFoundries","tier":1,"returns_yearly":{"2022":-17.1,"2023":12.5,"2024":-29.2,"2025":-18.6,"2026":29.7}},{"slug":"soitec","name":"Soitec","name_en":"Soitec","tier":2,"returns_yearly":{"2021":-3.7,"2022":-13.4,"2023":-2.3,"2024":-37.4,"2025":-68.9,"2026":507}},{"slug":"applied-materials","name":"어플라이드 머티어리얼즈","name_en":"Applied Materials","tier":2,"returns_yearly":{"2021":83.6,"2022":-37.5,"2023":68,"2024":1.1,"2025":59.6,"2026":98}},{"slug":"lam-research","name":"램리서치","name_en":"Lam Research","tier":2,"returns_yearly":{"2021":53.7,"2022":-40.7,"2023":88.6,"2024":-6.8,"2025":139.2,"2026":86.8}},{"slug":"asml","name":"ASML","name_en":"ASML","tier":2,"returns_yearly":{"2021":64.1,"2022":-30.5,"2023":39.9,"2024":-7.7,"2025":55.8,"2026":61.1}},{"slug":"kla","name":"KLA","name_en":"KLA","tier":2,"returns_yearly":{"2021":68,"2022":-11.2,"2023":56,"2024":9.4,"2025":94.5,"2026":53.3}},{"slug":"cadence","name":"Cadence Design Systems","name_en":"Cadence Design Systems","tier":2,"returns_yearly":{"2021":36.6,"2022":-13.8,"2023":69.6,"2024":10.3,"2025":4,"2026":12.9}},{"slug":"synopsys","name":"Synopsys","name_en":"Synopsys","tier":2,"returns_yearly":{"2021":42.1,"2022":-13.4,"2023":61.3,"2024":-5.7,"2025":-3.2,"2026":8.6}},{"slug":"siemens-eda","name":"Siemens EDA","name_en":"Siemens EDA","tier":2,"returns_yearly":null},{"slug":"ichor-holdings","name":"이코르","name_en":"Ichor Holdings","tier":3,"returns_yearly":{"2021":52.7,"2022":-41.7,"2023":25.4,"2024":-4.2,"2025":-42.8,"2026":225.1}},{"slug":"mks-instruments","name":"MKS Instruments","name_en":"MKS Instruments","tier":3,"returns_yearly":{"2021":16.4,"2022":-51,"2023":22.6,"2024":2.2,"2025":54.4,"2026":63.3}},{"slug":"advanced-energy","name":"어드밴스드에너지","name_en":"Advanced Energy Industries","tier":3,"returns_yearly":{"2021":-5.7,"2022":-5.4,"2023":27.5,"2024":6.6,"2025":81.6,"2026":38}},{"slug":"tck","name":"티씨케이","name_en":"TCK (Tokai Carbon Korea)","tier":3,"returns_yearly":{"2021":-10.1,"2022":-16.9,"2023":2.8,"2024":-28.7,"2025":225.7,"2026":25.2}},{"slug":"smc","name":"SMC Corporation","name_en":"SMC Corporation","tier":3,"returns_yearly":{"2021":0.9,"2022":4.5,"2023":28.6,"2024":-28,"2025":4.2,"2026":23.4}},{"slug":"parker-hannifin","name":"파커하니핀","name_en":"Parker-Hannifin Corporation","tier":3,"returns_yearly":{"2021":18.3,"2022":-6.9,"2023":60.8,"2024":39.6,"2025":39.5,"2026":10.2}},{"slug":"siemens-ag","name":"지멘스","name_en":"Siemens AG","tier":3,"returns_yearly":{"2021":12.2,"2022":5.1,"2023":20.1,"2024":28,"2025":26.4,"2026":8.4}},{"slug":"wonik-qnc","name":"원익QnC","name_en":"Wonik QnC","tier":3,"returns_yearly":{"2021":26.2,"2022":2,"2023":11.9,"2024":-33.7,"2025":53.4,"2026":-9.6}},{"slug":"carl-zeiss-smt","name":"Carl Zeiss SMT","name_en":"Carl Zeiss SMT","tier":3,"returns_yearly":null},{"slug":"trumpf","name":"TRUMPF","name_en":"TRUMPF","tier":3,"returns_yearly":null}],"analysis":"공공안전 통신·보안 기업. 2026년 +22.8%다. 본주(+22.8%)와 공급단(평균 +33%)이 같은 보폭으로 움직인다. 연결 노드 중 가장 앞선 곳은 자빌(+36.3%), 가장 처진 곳은 글로벌파운드리(+29.7%)다. 격차가 사슬 논리로 설명되면 후자가 다음 전파 후보이고, 설명되지 않으면 그 연결 자체를 다시 봐야 한다.","analysis_en":"Motorola Solutions, Inc. operates across Public safety communications. It is +22.8% in 2026. The stock (+22.8%) and its supply side (avg +33%) are moving in step. Among connected nodes the furthest ahead is Jabil (+36.3%) and the furthest behind is GlobalFoundries (+29.7%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It relies on contract manufacturers such as Jabil and chip suppliers such as GlobalFoundries, and in 2025 it acquired Silvus to add tactical data networking.","analysis_asof":"2026-09-04"},"edges":[{"direction":"investment","counterparty":"실버스 테크놀로지스","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2026-02-12","basis":"Silvus 인수가격, 취득 현금과 통상적 가격조정 반영 후","value":4400000000,"period":"Acquired 2025-08-06","basis_en":"Silvus purchase price, net of cash acquired and customary purchase price adjustments","qualifier":null},"note":"모토로라 솔루션스는 고속 MANET 장비와 소프트웨어를 만드는 Silvus를 현금 중심 거래로 인수했다. 인수가격은 metric에 적었고 성과 조건부 추가 지급은 제외했다.","note_en":"Motorola Solutions acquired Silvus, a developer of high-speed MANET equipment and software, in a primarily cash transaction. The metric states the purchase price and excludes potential performance-based earnout payments.","sources":[{"stance":"mentions","publisher":"뉴스핌","publisher_en":"Newspim","kind":"news","lang":"ko","published_at":"2026-06-02","url":"https://www.newspim.com/news/view/20260602000012","title":"[미국 특징주] 모토로라, 15억달러에 D-펜드 인수...불법 드론 차단 시장 선점 나서","title_en":"Motorola to Acquire D-Fend for $1.5 Billion as It Expands in Counter-Drone Systems","excerpt":"뉴스핌은 모토로라가 전년에 드론용 보안통신 기업 Silvus를 44억달러에 인수했다고 보도했다.","excerpt_en":"Newspim reported that Motorola had acquired drone communications company Silvus for $4.4 billion the previous year."},{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-12","url":"https://www.sec.gov/Archives/edgar/data/68505/000006850526000010/msi-20251231.htm","title":"Motorola Solutions, Inc. 10-K (2026-02-12)","title_en":"Motorola Solutions, Inc. 10-K (2026-02-12)","excerpt":"2025년 8월 6일 Silvus를 인수했으며 현금조정 후 인수가격은 44억달러였다.","excerpt_en":"The purchase price of $4.4 billion consisted of cash payments of $4.4 billion."},{"stance":"confirms","publisher":"모토로라 솔루션스","publisher_en":"Motorola Solutions","kind":"ir","lang":"ko","published_at":"2025-08-11","url":"https://www.motorolasolutions.com/newsroom/press-releases/motorola-solutions-completes-acquisition-of-silvus-technologies/ko.html","title":"모토로라솔루션, 실버스 테크놀로지스 홀딩스 인수 완료","title_en":"Motorola Solutions Completes Acquisition of Silvus Technologies Holdings","excerpt":"모토로라솔루션은 실버스 테크놀로지스 홀딩스 인수를 완료했다고 발표했다.","excerpt_en":"Motorola Solutions announced that it had completed the acquisition of Silvus Technologies Holdings."}]},{"direction":"revenue","counterparty":"영국 내무부","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"GBP","as_of":"2023-04-13","basis":"CMA가 추정한 합리적 수익 수준 초과분을 없애는 데 필요한 연간 매출 감소액","value":196500000,"period":"FY2020-FY2029 annualized","basis_en":"CMA estimate of the annual revenue reduction needed to eliminate returns above a reasonable level","qualifier":"estimate"},"note":"영국 내무부는 응급서비스를 대신해 Airwave 요금을 협상하는 고객이다. 영국 경쟁시장청은 경쟁 부재로 가격이 경쟁 수준을 웃돌았다고 분석했고 가격상한을 적용했다.","note_en":"The UK Home Office negotiates Airwave charges on behalf of the emergency services. The Competition and Markets Authority found that weak competition allowed prices above the competitive level and imposed a price cap.","sources":[{"stance":"confirms","publisher":"영국 경쟁시장청","publisher_en":"UK Competition and Markets Authority","kind":"news","lang":"en","published_at":"2025-01-30","url":"https://www.gov.uk/government/news/cma-wins-appeal-in-emergency-services-case","title":"CMA, 응급서비스 사건 항소에서 승소","title_en":"CMA wins appeal in emergency services case","excerpt":"항소심 판단 뒤에도 모토로라가 Airwave 사용에 청구할 수 있는 가격상한이 유지됐다.","excerpt_en":"Our price cap remains in place."},{"stance":"confirms","publisher":"영국 경쟁시장청","publisher_en":"UK Competition and Markets Authority","kind":"analysis","lang":"en","published_at":"2023-04-13","url":"https://assets.publishing.service.gov.uk/media/6438261f773a8a0013ab2c1e/Final_report_April.pdf","title":"이동무선망 서비스 시장조사 최종보고서","title_en":"Mobile radio network services market investigation: Final report","excerpt":"CMA는 영국 내무부와 응급서비스가 경쟁시장보다 훨씬 높은 Airwave 요금을 낸다고 결론냈다.","excerpt_en":"The Home Office and the emergency services in Great Britain are paying a much higher price."}]},{"direction":"revenue","counterparty":"미국 국방부","counterparty_slug":null,"confidence":"high","metric":{"type":"contract_value","unit":"USD","as_of":"2024-09-26","basis":"미 해군 시설사령부 ELMR 유지보수 기본 계약액","value":35000000,"period":"2024-09-28/2025-09-27","basis_en":"Base contract award for sustainment of the Commander, Navy Installations Command ELMR system","qualifier":null},"note":"미 해군 시설사령부는 전 세계 기지의 응급대응용 ELMR 시스템 유지보수를 모토로라 솔루션스에 맡겼다. 기본 계약 금액은 metric에 적었으며 옵션 행사분은 포함하지 않았다.","note_en":"The U.S. Navy awarded Motorola Solutions the sustainment work for the ELMR systems used by first responders at installations worldwide. The metric states the base award and excludes unexercised options.","sources":[{"stance":"confirms","publisher":"미국 국방부","publisher_en":"U.S. Department of Defense","kind":"news","lang":"en","published_at":"2024-09-26","url":"https://www.defense.gov/News/Contracts/Contract/Article/3918594/","title":"2024년 9월 26일 계약 공고","title_en":"Contracts for Sept. 26, 2024","excerpt":"모토로라 솔루션스가 미 해군 시설사령부 ELMR 유지보수를 위한 3,500만달러 계약을 수주했다.","excerpt_en":"Motorola Solutions Inc. was awarded a $35,000,000 non-competitive contract."}]},{"direction":"cost","counterparty":"자빌","counterparty_slug":"jabil","confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2024-02-08","basis":"Jabil의 이관 제조시설 운영 대가","value":null,"period":"FY2024 onward","basis_en":"Payments for Jabil's operation of transferred manufacturing facilities","qualifier":"confirmed_no_disclosed_value"},"note":"모토로라 솔루션스는 이관된 제조시설을 Jabil이 운영하도록 계약했다. 공개 자료는 Jabil에 지급하는 금액을 밝히지 않았다.","note_en":"Motorola Solutions contracted Jabil to operate manufacturing facilities transferred to it. Public materials do not disclose the amount paid to Jabil.","sources":[{"stance":"confirms","publisher":"모토로라 솔루션스","publisher_en":"Motorola Solutions","kind":"ir","lang":"en","published_at":"2024-02-08","url":"https://www.motorolasolutions.com/content/dam/msi/investors/doc_financials/2023/q4/final_transcript_msi_q4_2023_earnings_02_08_24.pdf","title":"모토로라 솔루션스 2023년 4분기 실적발표 컨퍼런스콜","title_en":"Motorola Solutions Q4 2023 Earnings Conference Call","excerpt":"회사 CFO는 Jabil이 이관되는 제조시설을 운영하는 계약이라고 설명했다.","excerpt_en":"The Jabil agreement is for them in 2024 to operate the two factories."}]},{"direction":"cost","counterparty":"글로벌파운드리","counterparty_slug":"globalfoundries","confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2022-05-19","basis":"모토로라 솔루션스 무전기용 핵심 칩 장기 공급 대가","value":null,"period":"Long-term agreement announced 2022","basis_en":"Payments under the long-term supply agreement for critical chips used in Motorola Solutions radios","qualifier":"confirmed_no_disclosed_value"},"note":"글로벌파운드리는 모토로라 솔루션스가 설계한 핵심 무전기 칩을 버몬트에서 생산한다. 장기 공급계약의 금액은 공개되지 않았다.","note_en":"GlobalFoundries manufactures critical Motorola Solutions radio chips in Vermont. The value of the long-term supply agreement has not been disclosed.","sources":[{"stance":"confirms","publisher":"모토로라 솔루션스","publisher_en":"Motorola Solutions","kind":"ir","lang":"en","published_at":"2022-05-19","url":"https://www.motorolasolutions.com/newsroom/press-releases/globalfoundries-and-motorola-solutions-announce-strategic-agreem.html","title":"글로벌파운드리와 모토로라 솔루션스, 칩 공급 전략계약 발표","title_en":"GlobalFoundries and Motorola Solutions Announce Strategic Agreement for Chip Supply","excerpt":"양사는 모토로라 솔루션스 무전기용 칩의 장기 공급계약을 발표했다.","excerpt_en":"Several critical chips are manufactured in Vermont by GF."}]}]}