# Who are Shin-Etsu Chemical's customers? Who does Shin-Etsu Chemical earn revenue from?
Canonical: https://valuechain.wiki/shin-etsu · Facet: customers · Updated: 2026-07-12T08:24:09.163259+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Shin-Etsu Chemical's confirmed revenue counterparties include 삼성전자, SK하이닉스, TSMC plus 3 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 6 revenue edges, backed by 10 dated sources, 2 of them primary filings (as of 2026-07-12).

### 삼성전자 (high)  → /samsung-electronics.md
- metric: Market share 30% · 2023~2025 · global 300mm wafer share
- note: Supplies 300mm polished wafers to Samsung Electronics under long-term agreements.
- [confirms] ICN Magazine (KO, news, published 2026-01-15) https://icnweb.kr/2026/79720/: "Samsung and SK strengthen HBM4 wafer LTAs with Shin-Etsu and SUMCO."
- [confirms] Shin-Etsu Chemical (EN, filing, published 2025-07-31) https://www.shinetsu.co.jp/wp-content/uploads/2025/07/Financial-Section.pdf: "Audited consolidated statements: semiconductor-silicon segment revenue."
- [confirms] BizWatch (KO, news, published 2025-05-23) https://news.bizwatch.co.kr/article/industry/2025/05/23/0043: "Shin-Etsu ~30% and SUMCO ~25% supply over half of 300mm."
- [mentions] Semiecosystem (Mark LaPedus) (EN, research, published 2025-05-19) https://marklapedus.substack.com/p/taiwan-firm-boosts-us-silicon-wafer: "Wafers from the silicon wafer industry, in which Shin-Etsu is a top supplier, are sold to Intel, Micron, TSMC, Samsung, SK Hynix and TI."
- [confirms] Shin-Etsu Chemical (EN, ir, published 2025-05-01) https://www.shinetsu.co.jp/en/ir/: "Semiconductor silicon segment — ~30% of global 300mm."
- [confirms] Market Growth Reports (EN, analysis, published 2025-01-01) https://www.marketgrowthreports.com/market-reports/300mm-silicon-wafers-market-103422: "Top five control ~85% of 300mm."

### SK하이닉스 (high)  → /sk-hynix.md
- note: Supplies 300mm polished wafers to SK Hynix under a long-term agreement (LTA).
- [confirms] Shin-Etsu Chemical (EN, filing, published 2026-04-28) https://www.shinetsu.co.jp/en/news/ir/financial-data-for-the-fiscal-year-ended-march-31-2026/: "Shin-Etsu FY2026 net sales JPY 2,573.9bn (+0.5%), operating income JPY 635.2bn (-14.4%); Electronics Materials (silicon wafers) +9% vs Lifestyle -6%."
- [confirms] ICN Magazine (KO, news, published 2026-01-15) https://icnweb.kr/2026/79720/: "Samsung and SK strengthen HBM4 wafer LTAs with Shin-Etsu and SUMCO."
- [confirms] BizWatch (KO, news, published 2025-05-23) https://news.bizwatch.co.kr/article/industry/2025/05/23/0043: "Shin-Etsu ~30% and SUMCO ~25% supply over half of 300mm."
- [mentions] Semiecosystem (Mark LaPedus) (EN, research, published 2025-05-19) https://marklapedus.substack.com/p/taiwan-firm-boosts-us-silicon-wafer: "Wafers from the silicon wafer industry, in which Shin-Etsu is a top supplier, are sold to Intel, Micron, TSMC, Samsung, SK Hynix and TI."

### TSMC (high)  → /tsmc.md
- note: Supplies 300mm polished wafers to TSMC under long-term agreements.
- [confirms] ICN Magazine (KO, news, published 2026-01-15) https://icnweb.kr/2026/79720/: "Samsung and SK strengthen HBM4 wafer LTAs with Shin-Etsu and SUMCO."
- [confirms] BizWatch (KO, news, published 2025-05-23) https://news.bizwatch.co.kr/article/industry/2025/05/23/0043: "Shin-Etsu ~30% and SUMCO ~25% supply over half of 300mm."
- [mentions] Semiecosystem (Mark LaPedus) (EN, research, published 2025-05-19) https://marklapedus.substack.com/p/taiwan-firm-boosts-us-silicon-wafer: "Shin-Etsu is a top silicon wafer supplier (with Japan's Sumco), and the wafers are sold to semiconductor manufacturers such as Intel, Micron, TSMC, Samsung, SK Hynix and TI."

### Micron Technology (high)  → /micron.md
- note: Supplies 300mm polished wafers to Micron Technology under long-term agreements.
- [confirms] Shin-Etsu Chemical (EN, filing, published 2026-04-28) https://www.shinetsu.co.jp/en/news/ir/financial-data-for-the-fiscal-year-ended-march-31-2026/: "Shin-Etsu FY2026 net sales JPY 2,573.9bn (+0.5%), operating income JPY 635.2bn (-14.4%); Electronics Materials (silicon wafers) +9% vs Lifestyle -6%."
- [confirms] ICN Magazine (KO, news, published 2026-01-15) https://icnweb.kr/2026/79720/: "Samsung and SK strengthen HBM4 wafer LTAs with Shin-Etsu and SUMCO."
- [confirms] BizWatch (KO, news, published 2025-05-23) https://news.bizwatch.co.kr/article/industry/2025/05/23/0043: "Shin-Etsu ~30% and SUMCO ~25% supply over half of 300mm."
- [mentions] Semiecosystem (Mark LaPedus) (EN, research, published 2025-05-19) https://marklapedus.substack.com/p/taiwan-firm-boosts-us-silicon-wafer: "Wafers from the silicon wafer industry, in which Shin-Etsu is a top supplier, are sold to Intel, Micron, TSMC, Samsung, SK Hynix and TI."

### 키옥시아 (mid)  → /kioxia.md
- note: Supplies NAND production equipment and wafers to Kioxia.
- [confirms] News1 (KO, news, published 2025-11-01) https://www.news1.kr/industry/general-industry/5997227: "Supplies NAND fab equipment and wafers to Kioxia."
- [confirms] Kioxia (EN, ir, published 2025-05-01) https://www.kioxia.com/en-jp/ir.html: "Supplies NAND fab equipment and wafers to Kioxia."

### Intel (mid)  → /intel.md
- note: Supplies 300mm polished wafers to Intel under long-term agreements.
- [mentions] Analyst consensus (EN, research, published 2026-05-01) https://simplywall.st/stocks/jp/materials/tse-4063/shin-etsu-chemical-shares/future: "Firm electronics materials/wafers; JPY 500bn buyback."
- [confirms] Shin-Etsu Chemical (EN, filing, published 2026-04-28) https://www.shinetsu.co.jp/en/news/ir/financial-data-for-the-fiscal-year-ended-march-31-2026/: "Shin-Etsu FY2026 net sales JPY 2,573.9bn (+0.5%), operating income JPY 635.2bn (-14.4%); Electronics Materials (silicon wafers) +9% vs Lifestyle -6%."
- [confirms] ICN Magazine (KO, news, published 2026-01-15) https://icnweb.kr/2026/79720/: "Samsung and SK strengthen HBM4 wafer LTAs with Shin-Etsu and SUMCO."
- [confirms] BizWatch (KO, news, published 2025-05-23) https://news.bizwatch.co.kr/article/industry/2025/05/23/0043: "Shin-Etsu ~30% and SUMCO ~25% supply over half of 300mm."
- [mentions] Semiecosystem (Mark LaPedus) (EN, research, published 2025-05-19) https://marklapedus.substack.com/p/taiwan-firm-boosts-us-silicon-wafer: "Wafers from the silicon wafer industry, in which Shin-Etsu is a top supplier, are sold to Intel, Micron, TSMC, Samsung, SK Hynix and TI."

Reverse side: https://valuechain.wiki/shin-etsu/suppliers.md · Ripple: https://valuechain.wiki/shin-etsu/ripple.md

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