# If Photronics moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/photronics · Facet: ripple · Updated: 2026-07-12T04:04:25.875+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Photronics is directly linked to 4 companies (1 supply, 3 revenue relationships) and reaches 28 companies within two hops; the links are backed by 7 dated sources, 2 of them primary filings (as of 2026-07-12).

Photronics operates across NASDAQ, Photomasks, lithography reticles (essential consumable). It is -9% in 2026. The demand side (avg +87.1%) is well ahead of the stock (-9%). Customer money has not fully worked its way down to this layer, which leaves catch-up room if propagation continues and a hardened gap if it stalls. Among connected nodes the furthest ahead is Intel (+159.6%) and the furthest behind is Hoya Corporation (-6.1%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Masks are an essential consumable: no chip is patterned without them.

## 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)

## Supply chain (benefiting)
- T1 Hoya Corporation (https://valuechain.wiki/hoya.md)

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