# Who are Nepes's customers? Who does Nepes earn revenue from?
Canonical: https://valuechain.wiki/nepes · Facet: customers · Updated: 2026-07-12T08:23:07.218321+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Nepes's confirmed revenue counterparties include 삼성전자, SK하이닉스, Qualcomm. Per the valuechain.wiki graph: 3 revenue edges, backed by 6 dated sources, 1 of them primary filings (as of 2026-07-12).

### 삼성전자 (high)  → /samsung-electronics.md
- note: Supplies back-end packaging for Samsung non-memory (PMIC, AP, DDI) — the largest customer at 80–90% of consolidated revenue, making this concentration both the growth axis and the top risk.
- [confirms] DART (FSS) (KO, filing, published 2026-03-18) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260318001666: "DART annual report: revenue, customers and business."
- [mentions] Dealsite (KO, news, published 2025-12-25) https://dealsite.co.kr/articles/153880: "On a consolidated basis, Samsung Electronics is reported to account for roughly 80-90% of revenue; key products (PMIC, AP, DDI) mostly go into smartphones."
- [confirms] Nepes (EN, ir, published 2025-05-01) https://www.nepes.co.kr: "Supplies advanced packaging to Samsung Electronics."
- [confirms] THE VC (KO, analysis, published 2025-01-01) https://thevc.kr/nepes: "Supplies advanced packaging to Samsung Electronics."

### SK하이닉스 (mid)  → /sk-hynix.md
- note: Supplies back-end packaging to SK hynix (memory and non-memory) — the No.2 customer and the key axis for easing Samsung concentration.
- [confirms] DART (FSS) (KO, filing, published 2026-03-18) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260318001666: "FY2025 consolidated revenue KRW 521.4bn (semiconductor 352.4, electronic materials 91.6, battery 76.7, other 0.7), operating income KRW 20.9bn."
- [confirms] Nepes (EN, ir, published 2025-05-01) https://www.nepes.co.kr: "Supplies advanced packaging to SK hynix."
- [confirms] THE VC (KO, analysis, published 2025-01-01) https://thevc.kr/nepes: "Supplies advanced packaging to SK hynix."

### Qualcomm (low)  → /qualcomm.md
- note: FO-PLP customer of subsidiary nepes Laweh. Qualcomm cancelled the main volume contract in 2023 over yield issues; only some low-cost package orders remain.
- [confirms] THE ELEC (EN, news, published 2023-04-07) https://www.thelec.net/news/articleView.html?idxno=4485: "Nepes Laweh saw its order for fan-out panel level packaging (FO-PLP) work for certain chips by Qualcomm canceled recently."
- [confirms] THE ELEC (KO, news, published 2023-04-06) https://www.thelec.kr/news/articleView.html?idxno=20537: "nepes Laweh recently had its FO-PLP volume contract for certain chips cancelled by Qualcomm; some low-cost package orders reportedly remain."

Reverse side: https://valuechain.wiki/nepes/suppliers.md · Ripple: https://valuechain.wiki/nepes/ripple.md

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