# Who are Qnity Electronics's customers? Who does Qnity Electronics earn revenue from?
Canonical: https://valuechain.wiki/qnity-electronics · Facet: customers · Updated: 2026-10-13T16:06:26.472+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Qnity Electronics's confirmed revenue counterparties include 삼성전자 (CMP·레지스트·패키징 소재), TSMC (CMP·레지스트·패키징 소재), DuPont plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 4 revenue edges, backed by 6 dated sources, 4 of them primary filings (as of 2026-10-13).

### 세계 20대 반도체사 (상위 10개 고객 34%) (high)
- metric: Market share 34% · 상위10 고객=FY2025 순매출 비중 · Form 10-K top-10 customers
- note: Nearly all of the world's top-20 chipmakers are customers; the top 10 account for 34% of FY2025 net sales (Samsung 11% + TSMC 8% + remaining eight 15%). Over 90% of revenue is consumable/process-input product and roughly two-thirds is tied to semiconductors and AI.
- [mentions] Simply Wall St (EN, research, published 2026-06-01) https://simplywall.st/stocks/us/semiconductors/nyse-q/qnity-electronics: "About two-thirds of Qnity revenue ties directly to semiconductors and AI; analyst 12-month price-target range roughly $140-$200."
- [confirms] U.S. SEC (EDGAR) (EN, filing, published 2026-02-26) https://www.sec.gov/Archives/edgar/data/2058873/000205887326000010/q-20251231.htm: "We are proud to count nearly all of the world's top 20 largest semiconductor manufacturers among our customers. Total top 10 customers 34% (Samsung 11%, TSMC 8%, remaining top 10 customers 15%)."

### 삼성전자 (CMP·레지스트·패키징 소재) (high)  → /samsung-electronics.md
- metric: Market share 11% · 삼성=FY2025 순매출 비중 · Form 10-K
- note: Samsung is Qnity's largest customer at 11% of FY2025 net sales (12% in FY2024 and FY2023); the majority of both top customers' revenue is in the Semiconductor Technologies segment. Supplies CMP slurries/pads, photoresists and cleaning materials.
- [confirms] U.S. SEC (EDGAR) (EN, filing, published 2026-02-26) https://www.sec.gov/Archives/edgar/data/2058873/000205887326000010/q-20251231.htm: "Net sales to Samsung Electronics Co., Ltd accounted for 11%, 12%, and 12% of total net sales for the years ended December 31, 2025, 2024 and 2023, respectively. The majority of revenues for both customers relate to the Semiconductor Technologies segment."
- [confirms] SEC EDGAR (EN, filing, published 2025-10-01) https://www.sec.gov/Archives/edgar/data/2058873/000119312525223466/d942851dex991.htm: "Samsung 11% and TSMC 8% of 2025 revenues."

### TSMC (CMP·레지스트·패키징 소재) (high)  → /tsmc.md
- metric: Market share 8% · TSMC=FY2025 순매출 비중 · Form 10-K
- note: TSMC is the second-largest customer at 8% of FY2025 net sales (up from 7% in 2024 and 6% in 2023); AI and advanced-packaging ramps drive volume growth.
- [confirms] U.S. SEC (EDGAR) (EN, filing, published 2026-02-26) https://www.sec.gov/Archives/edgar/data/2058873/000205887326000010/q-20251231.htm: "Net sales to Taiwan Semiconductor Manufacturing Company Limited (TSMC) accounted for 8%, 7%, and 6% of total net sales for the years ended December 31, 2025, 2024 and 2023, respectively."
- [mentions] The Inquirer (EN, news, published 2025-11-17) https://www.inquirer.com/business/qnity-dupont-nvidia-ai-technology-20251117.html: "Qnity soars on Nvidia/AI demand in advanced packaging."
- [confirms] SEC EDGAR (EN, filing, published 2025-10-01) https://www.sec.gov/Archives/edgar/data/2058873/000119312525223466/d942851dex991.htm: "TSMC 8% of 2025 revenues."

### 듀폰 (high)  → /dupont.md
- note: After the separation, Qnity provides transition services to DuPont and the companies reimburse each other. Qnity's receipts from DuPont are not separately disclosed.
- [mentions] U.S. SEC (EDGAR) (EN, filing, published 2026-08-04) https://www.sec.gov/Archives/edgar/data/2058873/000205887326000030/q-20260630.htm: "Qnity's latest quarterly filing continues to disclose its post-separation relationship with DuPont in a dedicated note."
- [confirms] U.S. SEC (EDGAR) (EN, filing, published 2026-02-17) https://www.sec.gov/Archives/edgar/data/1666700/000166670026000013/dd-20251231.htm: "Qnity and DuPont provide transition services to one another and reimburse each other."

Reverse side: https://valuechain.wiki/qnity-electronics/suppliers.md · Ripple: https://valuechain.wiki/qnity-electronics/ripple.md

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