# If SMIC moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/smic · Facet: ripple · Updated: 2026-07-12T06:23:17.606212+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, SMIC is directly linked to 13 companies (9 supply, 4 revenue relationships) and reaches 25 companies within two hops; the links are backed by 16 dated sources, 5 of them primary filings (as of 2026-07-12).

SMIC operates across Hang Seng, SSE50, foundry, China's largest. It is -10.9% in 2026. The supply side (avg +61.8%) has moved harder than the stock (-10.9%). That is the classic bottleneck pattern: supplier volume leverage is being priced before this layer's own margin. Among connected nodes the furthest ahead is ACM Research (+88.7%) and the furthest behind is Hygon (-7.8%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Its main customers are Chinese fabless firms, and with the National IC Fund as its largest shareholder it is a strategic national asset for semiconductor self-sufficiency.

## Demand chain (leading)
- T1 Qualcomm (https://valuechain.wiki/qualcomm.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 Xiaomi (https://valuechain.wiki/xiaomi.md)
- T2 LG Electronics (https://valuechain.wiki/lg-electronics.md)
- T3 Flex Ltd. (https://valuechain.wiki/flex-ltd.md)
- T3 General Motors (https://valuechain.wiki/general-motors.md)
- T3 Lowe's Companies, Inc. (https://valuechain.wiki/lowes.md)
- T2 Kyocera (https://valuechain.wiki/kyocera.md)
- T1 Cambricon (https://valuechain.wiki/cambricon.md)
- T1 Hygon (https://valuechain.wiki/hygon.md)
- T1 GigaDevice (https://valuechain.wiki/gigadevice.md)

## Supply chain (benefiting)
- T1 Tokyo Electron (TEL) (https://valuechain.wiki/tokyo-electron.md)
- T2 TCK (Tokai Carbon Korea) (https://valuechain.wiki/tck.md)
- T3 KC Tech (https://valuechain.wiki/kc-tech.md)
- T3 Tokai Carbon (https://valuechain.wiki/tokai-carbon.md)
- T2 Hana Materials (https://valuechain.wiki/hana-materials.md)
- T3 Hana Micron (https://valuechain.wiki/hana-micron.md)
- T2 Wonik QnC (https://valuechain.wiki/wonik-qnc.md)
- T2 MKS Instruments (https://valuechain.wiki/mks-instruments.md)
- T2 Advanced Energy Industries (https://valuechain.wiki/advanced-energy.md)
- T1 Applied Materials (https://valuechain.wiki/applied-materials.md)
- T2 Ichor Holdings (https://valuechain.wiki/ichor-holdings.md)
- T2 SMC Corporation (https://valuechain.wiki/smc.md)
- T1 Lam Research (https://valuechain.wiki/lam-research.md)
- T1 Synopsys (https://valuechain.wiki/synopsys.md)
- T1 AMEC (https://valuechain.wiki/amec.md)
- T1 ACM Research (https://valuechain.wiki/acm-research.md)
- T1 Siemens EDA (https://valuechain.wiki/siemens-eda.md)
- T2 Siemens AG (https://valuechain.wiki/siemens-ag.md)
- T3 Siemens Energy (https://valuechain.wiki/siemens-energy.md)
- T1 Cadence Design Systems (https://valuechain.wiki/cadence.md)
- T1 Naura Technology (https://valuechain.wiki/naura.md)

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