# Who are Shinko Electric Industries's customers? Who does Shinko Electric Industries earn revenue from?
Canonical: https://valuechain.wiki/shinko · Facet: customers · Updated: 2026-07-12T06:23:25.613+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Shinko Electric Industries's confirmed revenue counterparties include Intel, AMD. Per the valuechain.wiki graph: 2 revenue edges, backed by 6 dated sources, 2 of them primary filings (as of 2026-07-12).

### Intel (high)  → /intel.md
- metric: Market share 18% · 2024 · global FC-BGA share
- note: Provides FC-BGA package substrates to Intel.
- [confirms] EDINET / company IR (JA, filing, published 2025-06-25) https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100W56G.pdf: "Annual securities report: revenue, customers, business."
- [confirms] Digital Today (KO, news, published 2025-06-01) https://www.digitaltoday.co.kr/news/articleView.html?idxno=610284: "Japan supplier reliance (Shinko substrates)"
- [confirms] Japan Exchange Group (EN, filing, published 2025-05-20) https://www.jpx.co.jp/english/news/1023/20250520-11.html: "Shinko was fully acquired via a JIC-consortium (JICC-04, with DNP and Mitsui Chemicals) tender offer (completed Mar 2025) and delisted from the Tokyo Stock Exchange on Jun 6, 2025 — now non-public. High-end FC-BGA is an Ibiden (No.1) / Shinko (No.2, ~18%) duopoly; strong in CPU substrates (Fujitsu heritage) with heavy Intel dependence, and the shift to high-layer AI/HPC substrates is the demand axis. Being non-public, individual financials and per-customer revenue are undisclosed."
- [confirms] Shinko (EN, ir, published 2025-05-01) https://www.shinko.co.jp/english/: "Provides FC-BGA package substrates to Intel."
- [confirms] DigiTimes (EN, news, published 2025-03-21) https://www.digitimes.com/news/a20250321PD206/shinko-electric-mitsui-chemicals-materials-partnership-fujitsu.html: "Shinko's June delisting confirmed, with a DNP/Mitsui Chemicals backend-materials partnership — a Fujitsu IC-substrate subsidiary."
- [confirms] MGR (EN, analysis, published 2025-01-01) https://www.marketgrowthreports.com/market-reports/abf-substrate-fc-bga-market-107527: "Provides FC-BGA package substrates to Intel."

### DNP·JIC (다이니폰인쇄·일본정부펀드) (high)
- note: A consortium led by JIC Capital (JICC-04) fully acquired Shinko via a tender offer (completed Mar 2025), delisting it on Jun 6, 2025 — with DNP and Mitsui Chemicals as backend-materials partners. Control moved from Fujitsu-affiliated to non-public under JIC.
- [confirms] Japan Exchange Group (EN, filing, published 2025-05-20) https://www.jpx.co.jp/english/news/1023/20250520-11.html: "Decision on Shinko's delisting (Jun 6, 2025) after JICC-04's completed tender offer and share consolidation."
- [confirms] KIPOST (KO, news, published 2025-01-01) https://www.kipost.net/news/articleView.html?idxno=321967: "DNP and JIC acquired Shinko Electric."

### AMD (mid)  → /amd.md
- note: Provides FC-BGA package substrates to AMD.
- [confirms] Japan Exchange Group (EN, filing, published 2025-05-20) https://www.jpx.co.jp/english/news/1023/20250520-11.html: "Shinko was fully acquired via a JIC-consortium (JICC-04, with DNP and Mitsui Chemicals) tender offer (completed Mar 2025) and delisted from the Tokyo Stock Exchange on Jun 6, 2025 — now non-public. High-end FC-BGA is an Ibiden (No.1) / Shinko (No.2, ~18%) duopoly; strong in CPU substrates (Fujitsu heritage) with heavy Intel dependence, and the shift to high-layer AI/HPC substrates is the demand axis. Being non-public, individual financials and per-customer revenue are undisclosed."
- [confirms] Shinko (EN, ir, published 2025-05-01) https://www.shinko.co.jp/english/: "Provides FC-BGA package substrates to AMD."
- [confirms] DigiTimes (EN, news, published 2025-03-21) https://www.digitimes.com/news/a20250321PD206/shinko-electric-mitsui-chemicals-materials-partnership-fujitsu.html: "Shinko's June delisting confirmed, with a DNP/Mitsui Chemicals backend-materials partnership — a Fujitsu IC-substrate subsidiary."
- [confirms] MGR (EN, analysis, published 2025-01-01) https://www.marketgrowthreports.com/market-reports/abf-substrate-fc-bga-market-107527: "Provides FC-BGA package substrates to AMD."

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

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