{"slug":"tokyo-electron","name":"도쿄일렉트론","name_en":"Tokyo Electron (TEL)","ticker":"8035.T","updated_at":"2026-07-12T05:39:34.051192+00:00","canonical":"https://valuechain.wiki/tokyo-electron","same_as":["https://finance.yahoo.com/quote/8035.T"],"citable":"밸류체인 그래프 기준 도쿄일렉트론의 직접 연결 기업은 16곳(관계 기준 공급 5·매출 11)이고, 사슬을 2차까지 넓히면 46곳에 닿는다. 링크의 근거 출처는 25건이며 그중 1차공시가 4건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, Tokyo Electron (TEL) is directly linked to 16 companies (5 supply, 11 revenue relationships) and reaches 46 companies within two hops; the links are backed by 25 dated sources, 4 of them primary filings (as of 2026-07-12).","kicker":"닛케이 225 · 반도체 전공정 장비 · 식각·증착·코터","kicker_en":"Nikkei 225 · wafer-fab equipment · etch/deposition/coater","lead":"세계 3위 반도체 장비사로 ASML·어플라이드·램과 함께 빅4. FY2025(2025년 3월 종료) 매출 약 $16.0B(+33%). 코터/디벨로퍼·식각·증착·세정 장비를 삼성전자·SK하이닉스·TSMC·인텔·마이크론·키오시아에 공급한다. HBM·로직 수요로 한국 매출이 급증했고, AI 장비 비중을 FY2026 40%로 확대 목표.","lead_en":"The world’s No.3 semiconductor-equipment maker, one of the big four with ASML, Applied Materials and Lam. FY2025 (ended March 2025) revenue about $16.0B (+33%). Supplies coater/developer, etch, deposition and clean tools to Samsung, SK hynix, TSMC, Intel, Micron and Kioxia. Korea revenue surged on HBM and logic demand; targets 40% AI-equipment revenue by FY2026.","segments":{"fy":2025,"parts":[{"desc":"코터/디벨로퍼·식각·증착·세정 (매출 대부분)","name":"SPE (반도체 장비)"},{"desc":"디스플레이","name":"FPD 장비"}],"total":"FY2025 매출 약 $16.0B (+33%)","source":"https://www.tel.com/ir/library/report/index.html","concentration":"식각·증착·코터 고점유. 고객 삼성·SK·TSMC·인텔·마이크론·키오시아. AI 장비 비중 FY2026 40% 목표."},"segments_en":{"parts":[{"desc":"Coater/developer, etch, deposition, clean (most of revenue)","name":"SPE (semiconductor tools)"},{"desc":"Display","name":"FPD tools"}],"total":"FY2025 revenue about $16.0B (+33%)","concentration":"High share in etch, deposition and coater. Customers Samsung, SK, TSMC, Intel, Micron, Kioxia. AI-equipment share target 40% by FY2026."},"returns_yearly":{"2021":40.4,"2022":-14.5,"2023":89.8,"2024":-4.4,"2025":61.6,"2026":78.2},"return_asof":"2026-07-10","value_chain":{"leading":[{"slug":"dell","name":"Dell","name_en":"Dell Technologies","tier":3,"returns_yearly":{"2021":51.2,"2022":-26.6,"2023":95.9,"2024":53,"2025":11.2,"2026":248.1}},{"slug":"seagate","name":"Seagate","name_en":"Seagate Technology","tier":3,"returns_yearly":{"2021":87.5,"2022":-51.4,"2023":69.1,"2024":4.1,"2025":225.3,"2026":231.4}},{"slug":"lenovo","name":"Lenovo","name_en":"Lenovo","tier":3,"returns_yearly":{"2021":-4.6,"2022":-20.9,"2023":36.2,"2024":18.2,"2025":-0.6,"2026":175.7}},{"slug":"nebius","name":"Nebius","name_en":"Nebius Group","tier":3,"returns_yearly":{"2025":202.2,"2026":162.4}},{"slug":"sk-hynix","name":"SK하이닉스","name_en":"SK hynix","tier":3,"returns_yearly":{"2021":-0.4,"2022":-25.6,"2023":53.9,"2024":48.6,"2025":361.1,"2026":140.3}},{"slug":"hpe","name":"HPE","name_en":"Hewlett Packard Enterprise","tier":3,"returns_yearly":{"2021":37.4,"2022":4.5,"2023":9.7,"2024":29.1,"2025":15.5,"2026":104}},{"slug":"terawulf","name":"TeraWulf","name_en":"TeraWulf","tier":3,"returns_yearly":{"2021":77.1,"2022":-95.5,"2023":258.2,"2024":135.8,"2025":103,"2026":91.2}},{"slug":"datadog","name":"Datadog","name_en":"Datadog","tier":3,"returns_yearly":{"2021":80.9,"2022":-58.7,"2023":65.1,"2024":17.7,"2025":-4.8,"2026":89.4}},{"slug":"lg-electronics","name":"LG전자","name_en":"LG Electronics","tier":3,"returns_yearly":{"2021":-16.2,"2022":-20.9,"2023":-5.8,"2024":-9.5,"2025":19.2,"2026":85.5}},{"slug":"samsung-electronics","name":"삼성전자","name_en":"Samsung Electronics","tier":3,"returns_yearly":{"2021":-9,"2022":-14.2,"2023":20.9,"2024":-26.4,"2025":212.9,"2026":77.9}},{"slug":"eoptolink","name":"Eoptolink","name_en":"Eoptolink","tier":3,"returns_yearly":{"2021":-10.1,"2022":-27.7,"2023":136.6,"2024":197,"2025":368.8,"2026":74.9}},{"slug":"aurora","name":"Aurora Innovation","name_en":"Aurora Innovation","tier":3,"returns_yearly":{"2022":-89.3,"2023":261.2,"2024":44.2,"2025":-39,"2026":66.1}},{"slug":"kyocera","name":"교세라","name_en":"Kyocera","tier":3,"returns_yearly":{"2021":7.5,"2022":-2.1,"2023":33.8,"2024":-24,"2025":46.7,"2026":63}},{"slug":"crowdstrike","name":"CrowdStrike","name_en":"CrowdStrike","tier":3,"returns_yearly":{"2021":-3.3,"2022":-48.6,"2023":142.5,"2024":34,"2025":37,"2026":59.7}},{"slug":"mercury-systems","name":"Mercury Systems","name_en":"Mercury Systems","tier":3,"returns_yearly":{"2021":-37.5,"2022":-18.7,"2023":-18.3,"2024":14.8,"2025":73.8,"2026":47.9}},{"slug":"asustek","name":"에이수스(ASUS)","name_en":"ASUSTeK Computer","tier":3,"returns_yearly":{"2021":35.5,"2022":-12.9,"2023":72,"2024":41.1,"2025":-14.1,"2026":46.7}},{"slug":"wiwynn","name":"Wiwynn","name_en":"Wiwynn","tier":3,"returns_yearly":{"2021":24.7,"2022":-22.3,"2023":206.4,"2024":3.5,"2025":64.4,"2026":45.1}},{"slug":"illumina","name":"Illumina","name_en":"Illumina","tier":3,"returns_yearly":{"2021":2.8,"2022":-46.9,"2023":-31.1,"2024":-1.3,"2025":-1.8,"2026":45}},{"slug":"gigabyte","name":"기가바이트","name_en":"Gigabyte Technology","tier":3,"returns_yearly":{"2021":82.3,"2022":-3.4,"2023":173.2,"2024":-15.9,"2025":-4.7,"2026":44.4}},{"slug":"arista","name":"Arista Networks","name_en":"Arista Networks","tier":3,"returns_yearly":{"2021":97.9,"2022":-15.6,"2023":94.1,"2024":87.7,"2025":18.5,"2026":42.7}},{"slug":"cloudflare","name":"Cloudflare","name_en":"Cloudflare","tier":3,"returns_yearly":{"2021":73,"2022":-65.6,"2023":84.2,"2024":29.3,"2025":83.1,"2026":36.1}},{"slug":"quanta","name":"Quanta","name_en":"Quanta Computer","tier":3,"returns_yearly":{"2021":22.2,"2022":-12.8,"2023":254.5,"2024":12.7,"2025":8.9,"2026":33.4}},{"slug":"coreweave","name":"CoreWeave","name_en":"CoreWeave","tier":3,"returns_yearly":{"2026":24.1}},{"slug":"sk-telecom","name":"SK텔레콤","name_en":"SK Telecom","tier":3,"returns_yearly":{"2021":7.9,"2022":-12,"2023":15.8,"2024":15.5,"2025":37.5,"2026":23.4}},{"slug":"celestica","name":"Celestica","name_en":"Celestica","tier":3,"returns_yearly":{"2021":37.9,"2022":1.3,"2023":159.8,"2024":215.2,"2025":220.3,"2026":21.7}},{"slug":"snowflake","name":"Snowflake","name_en":"Snowflake","tier":3,"returns_yearly":{"2021":20.4,"2022":-57.6,"2023":38.6,"2024":-22.4,"2025":42.1,"2026":19.2}},{"slug":"geely-auto","name":"지리자동차","name_en":"Geely Auto","tier":3,"returns_yearly":{"2021":-40.8,"2022":-22.9,"2023":-40.3,"2024":98.5,"2025":14.5,"2026":18.9}},{"slug":"apple","name":"Apple","name_en":"Apple","tier":3,"returns_yearly":{"2021":34.6,"2022":-26.4,"2023":49,"2024":30.7,"2025":9.1,"2026":16.2}},{"slug":"nikon","name":"니콘","name_en":"Nikon","tier":3,"returns_yearly":{"2021":46.2,"2022":10.9,"2023":23.1,"2024":13.7,"2025":19.7,"2026":15.9}},{"slug":"wistron","name":"위스트론","name_en":"Wistron","tier":3,"returns_yearly":{"2021":7.9,"2022":9.7,"2023":272.7,"2024":-1.6,"2025":22.7,"2026":14.8}},{"slug":"alphabet","name":"알파벳 (구글)","name_en":"Alphabet (Google)","tier":3,"returns_yearly":{"2021":65.3,"2022":-39.1,"2023":58.3,"2024":36,"2025":66,"2026":14.3}},{"slug":"foxconn","name":"Foxconn","name_en":"Foxconn (Hon Hai)","tier":3,"returns_yearly":{"2021":-5.1,"2022":2.8,"2023":7.8,"2024":80.1,"2025":26.9,"2026":10.9}},{"slug":"iren","name":"IREN","name_en":"IREN","tier":3,"returns_yearly":{"2022":-92.3,"2023":472,"2024":37.3,"2025":284.6,"2026":8.9}},{"slug":"amazon","name":"아마존","name_en":"Amazon","tier":3,"returns_yearly":{"2021":2.4,"2022":-49.6,"2023":80.9,"2024":44.4,"2025":5.2,"2026":6.3}},{"slug":"meta","name":"메타 플랫폼스","name_en":"Meta Platforms","tier":3,"returns_yearly":{"2021":23.1,"2022":-64.2,"2023":194.1,"2024":66,"2025":13.1,"2026":1.6}},{"slug":"tempus-ai","name":"Tempus AI","name_en":"Tempus AI","tier":3,"returns_yearly":{"2025":74.9,"2026":-1.4}},{"slug":"ibm","name":"IBM","name_en":"IBM","tier":3,"returns_yearly":{"2021":16.7,"2022":10.6,"2023":21.8,"2024":39.3,"2025":38.2,"2026":-1.6}},{"slug":"super-micro","name":"Super Micro","name_en":"Super Micro","tier":3,"returns_yearly":{"2021":38.8,"2022":86.8,"2023":246.2,"2024":7.2,"2025":-4,"2026":-3.3}},{"slug":"general-motors","name":"제너럴 모터스","name_en":"General Motors","tier":3,"returns_yearly":{"2021":40.8,"2022":-42.4,"2023":7.9,"2024":49.8,"2025":54.2,"2026":-3.8}},{"slug":"ionq","name":"IonQ","name_en":"IonQ","tier":3,"returns_yearly":{"2022":-79.3,"2023":259.1,"2024":237.1,"2025":7.4,"2026":-4.5}},{"slug":"schrodinger","name":"Schrödinger","name_en":"Schrodinger","tier":3,"returns_yearly":{"2021":-56,"2022":-46.3,"2023":91.5,"2024":-46.1,"2025":-7.3,"2026":-7.8}},{"slug":"hyundai-motor-company","name":"현대차","name_en":"Hyundai Motor Company","tier":3,"returns_yearly":{"2021":-16.7,"2022":-4.7,"2023":16.2,"2024":12.3,"2025":158.8,"2026":-7.8}},{"slug":"uber","name":"Uber","name_en":"Uber","tier":3,"returns_yearly":{"2021":-17.8,"2022":-41,"2023":149,"2024":-2,"2025":35.5,"2026":-8.8}},{"slug":"tesla","name":"Tesla","name_en":"Tesla","tier":3,"returns_yearly":{"2021":49.8,"2022":-65,"2023":101.7,"2024":62.5,"2025":11.4,"2026":-9.3}},{"slug":"recursion","name":"Recursion Pharmaceuticals","name_en":"Recursion Pharmaceuticals","tier":3,"returns_yearly":{"2022":-55,"2023":27.9,"2024":-31.4,"2025":-39.5,"2026":-13}},{"slug":"toyota","name":"Toyota Motor Corporation","name_en":"Toyota Motor Corporation","tier":3,"returns_yearly":{"2021":58.1,"2022":-13.4,"2023":63,"2024":1.8,"2025":21.8,"2026":-18.2}},{"slug":"microsoft","name":"마이크로소프트","name_en":"Microsoft","tier":3,"returns_yearly":{"2021":52.5,"2022":-28,"2023":58.2,"2024":12.9,"2025":15.6,"2026":-20}},{"slug":"alibaba","name":"알리바바","name_en":"Alibaba Group","tier":3,"returns_yearly":{"2021":-49,"2022":-25.8,"2023":-10.8,"2024":11.8,"2025":75.8,"2026":-22.7}},{"slug":"tencent-holdings-limited","name":"텐센트","name_en":"Tencent Holdings Limited","tier":3,"returns_yearly":{"2021":-28.6,"2022":-14.2,"2023":-28.7,"2024":49.8,"2025":52.1,"2026":-23.2}},{"slug":"baidu","name":"바이두","name_en":"Baidu","tier":3,"returns_yearly":{"2022":-8.2,"2023":-23.4,"2024":-13.5,"2025":74.2,"2026":-24.5}},{"slug":"rigetti","name":"Rigetti Computing","name_en":"Rigetti Computing","tier":3,"returns_yearly":{"2022":-92.9,"2023":35.1,"2024":1449.2,"2025":45.2,"2026":-25.3}},{"slug":"xiaomi","name":"샤오미","name_en":"Xiaomi","tier":3,"returns_yearly":{"2021":-43.9,"2022":-21.1,"2023":-4.6,"2024":209.7,"2025":-6.9,"2026":-27.2}},{"slug":"oracle","name":"Oracle","name_en":"Oracle","tier":3,"returns_yearly":{"2021":36.9,"2022":-4.6,"2023":30.9,"2024":60,"2025":18.1,"2026":-27.4}},{"slug":"palantir","name":"Palantir","name_en":"Palantir Technologies","tier":3,"returns_yearly":{"2021":-22.7,"2022":-64.7,"2023":167.4,"2024":340.5,"2025":135,"2026":-28.7}},{"slug":"servicenow","name":"ServiceNow","name_en":"ServiceNow","tier":3,"returns_yearly":{"2021":17.9,"2022":-40.2,"2023":82,"2024":50.1,"2025":-27.7,"2026":-29.7}},{"slug":"kratos","name":"Kratos","name_en":"Kratos Defense","tier":3,"returns_yearly":{"2021":-29.3,"2022":-46.8,"2023":96.6,"2024":30,"2025":187.8,"2026":-36.5}},{"slug":"aerovironment","name":"AeroVironment","name_en":"AeroVironment","tier":3,"returns_yearly":{"2021":-28.6,"2022":38.1,"2023":47.1,"2024":22.1,"2025":57.2,"2026":-40.2}},{"slug":"pony-ai","name":"Pony.ai","name_en":"Pony.ai","tier":3,"returns_yearly":{"2025":1,"2026":-54.6}},{"slug":"anthropic","name":"Anthropic","name_en":"Anthropic","tier":3,"returns_yearly":null},{"slug":"openai","name":"OpenAI","name_en":"OpenAI","tier":3,"returns_yearly":null},{"slug":"intel","name":"Intel","name_en":"Intel","tier":2,"returns_yearly":{"2021":6.1,"2022":-46.6,"2023":94.6,"2024":-59.6,"2025":84,"2026":197.7}},{"slug":"marvell","name":"Marvell","name_en":"Marvell","tier":2,"returns_yearly":{"2021":84.6,"2022":-57.5,"2023":63.7,"2024":83.8,"2025":-22.8,"2026":177.8}},{"slug":"amd","name":"AMD","name_en":"AMD","tier":2,"returns_yearly":{"2021":56.9,"2022":-55,"2023":127.6,"2024":-18.1,"2025":77.3,"2026":160.5}},{"slug":"astera-labs","name":"Astera Labs","name_en":"Astera Labs","tier":2,"returns_yearly":{"2025":25.6,"2026":148.2}},{"slug":"mediatek","name":"미디어텍","name_en":"MediaTek","tier":2,"returns_yearly":{"2021":27.8,"2022":-26.6,"2023":52.9,"2024":58.3,"2025":24.9,"2026":124.3}},{"slug":"fortinet","name":"포티넷","name_en":"Fortinet","tier":2,"returns_yearly":{"2021":142,"2022":-32,"2023":19.7,"2024":61.4,"2025":-16,"2026":98.4}},{"slug":"gigadevice","name":"GigaDevice","name_en":"GigaDevice","tier":2,"returns_yearly":{"2021":7.3,"2022":-17,"2023":-45.1,"2024":103.8,"2025":147.9,"2026":94.6}},{"slug":"renesas","name":"르네사스","name_en":"Renesas Electronics","tier":2,"returns_yearly":{"2021":8.2,"2022":2.4,"2023":88,"2024":-13.6,"2025":23.8,"2026":84.9}},{"slug":"credo","name":"크레도","name_en":"Credo Technology","tier":2,"returns_yearly":{"2023":46.3,"2024":245.2,"2025":114.1,"2026":79.2}},{"slug":"realtek","name":"리얼텍","name_en":"Realtek","tier":2,"returns_yearly":{"2021":19.6,"2022":-33.8,"2023":56.2,"2024":19.1,"2025":-6.4,"2026":73.7}},{"slug":"global-unichip","name":"Global Unichip","name_en":"Global Unichip","tier":2,"returns_yearly":{"2021":21.4,"2022":67.6,"2023":99.4,"2024":-13.7,"2025":101.4,"2026":66.4}},{"slug":"cambricon","name":"Cambricon","name_en":"Cambricon","tier":2,"returns_yearly":{"2021":-48.7,"2022":-21.2,"2023":77.1,"2024":420,"2025":120.1,"2026":65.9}},{"slug":"cisco","name":"Cisco","name_en":"Cisco","tier":2,"returns_yearly":{"2021":45.8,"2022":-22.5,"2023":9.3,"2024":21,"2025":33.5,"2026":59.8}},{"slug":"montage","name":"Montage Technology","name_en":"Montage Technology","tier":2,"returns_yearly":{"2021":-18.2,"2022":-21.8,"2023":-18,"2024":51.4,"2025":169,"2026":47.4}},{"slug":"analog-devices","name":"Analog Devices","name_en":"Analog Devices","tier":2,"returns_yearly":{"2021":21,"2022":-4.9,"2023":23.4,"2024":8.8,"2025":29.8,"2026":46.7}},{"slug":"microchip","name":"Microchip","name_en":"Microchip Technology","tier":2,"returns_yearly":{"2021":27.5,"2022":-18,"2023":30.9,"2024":-35,"2025":14.6,"2026":40.6}},{"slug":"nxp","name":"NXP반도체","name_en":"NXP Semiconductors","tier":2,"returns_yearly":{"2021":44.8,"2022":-29.2,"2023":48.4,"2024":-8,"2025":6.4,"2026":35.8}},{"slug":"alchip","name":"알칩","name_en":"Alchip Technologies","tier":2,"returns_yearly":{"2021":14.3,"2022":-8.7,"2023":365.1,"2024":-18.9,"2025":0.8,"2026":34.7}},{"slug":"hygon","name":"Hygon","name_en":"Hygon","tier":2,"returns_yearly":{"2023":54.2,"2024":93.4,"2025":106.9,"2026":33.6}},{"slug":"pure-storage","name":"에버퓨어 (구 퓨어스토리지)","name_en":"Everpure (formerly Pure Storage)","tier":2,"returns_yearly":{"2021":44,"2022":-17.8,"2023":33.3,"2024":72.3,"2025":9.1,"2026":18.4}},{"slug":"broadcom","name":"Broadcom","name_en":"Broadcom","tier":2,"returns_yearly":{"2021":56.5,"2022":-13.3,"2023":104.2,"2024":110.5,"2025":50.6,"2026":16}},{"slug":"nvidia","name":"NVIDIA","name_en":"NVIDIA","tier":2,"returns_yearly":{"2021":125.5,"2022":-50.3,"2023":239,"2024":171.2,"2025":38.9,"2026":13.3}},{"slug":"qualcomm","name":"Qualcomm","name_en":"Qualcomm","tier":2,"returns_yearly":{"2021":22.3,"2022":-38.6,"2023":35.1,"2024":8.3,"2025":13.8,"2026":11.7}},{"slug":"ambarella","name":"Ambarella","name_en":"Ambarella","tier":2,"returns_yearly":{"2021":121,"2022":-59.5,"2023":-25.5,"2024":18.7,"2025":-2.6,"2026":9.1}},{"slug":"sony-semiconductor","name":"소니 반도체","name_en":"Sony Semiconductor Solutions","tier":2,"returns_yearly":{"2021":27.2,"2022":-8.4,"2023":27.8,"2024":17.9,"2025":1,"2026":-2.4}},{"slug":"phison","name":"Phison","name_en":"Phison Electronics","tier":2,"returns_yearly":{"2021":26.8,"2022":-10.7,"2023":45.1,"2024":-6.7,"2025":418.3,"2026":-6}},{"slug":"mobileye","name":"Mobileye","name_en":"Mobileye","tier":2,"returns_yearly":{"2023":23.6,"2024":-54,"2025":-47.6,"2026":-8.5}},{"slug":"will-semiconductor","name":"웨이얼반도체(윌세미)","name_en":"Will Semiconductor","tier":2,"returns_yearly":{"2021":-12.1,"2022":-49.7,"2023":-8.3,"2024":22.8,"2025":15.5,"2026":-14.8}},{"slug":"cerebras","name":"Cerebras","name_en":"Cerebras Systems","tier":2,"returns_yearly":null},{"slug":"sandisk","name":"샌디스크","name_en":"SanDisk","tier":1,"returns_yearly":{"2026":707.1}},{"slug":"kioxia","name":"키옥시아","name_en":"Kioxia","tier":1,"returns_yearly":{"2025":1082.1,"2026":260.5}},{"slug":"micron","name":"Micron Technology","name_en":"Micron Technology","tier":1,"returns_yearly":{"2021":24.2,"2022":-45.9,"2023":71.9,"2024":-1,"2025":240.2,"2026":243.3}},{"slug":"rohm","name":"롬","name_en":"ROHM","tier":1,"returns_yearly":{"2021":-9,"2022":10.9,"2023":1.7,"2024":-40.8,"2025":86.1,"2026":109.5}},{"slug":"texas-instruments","name":"텍사스인스트루먼트","name_en":"Texas Instruments","tier":1,"returns_yearly":{"2021":17.5,"2022":-9.9,"2023":6.4,"2024":13.1,"2025":-4.5,"2026":81.6}},{"slug":"tsmc","name":"TSMC","name_en":"TSMC","tier":1,"returns_yearly":{"2021":12.1,"2022":-36.7,"2023":42.3,"2024":92.6,"2025":55.9,"2026":43.6}},{"slug":"nanya-tech","name":"Nanya Technology","name_en":"Nanya Technology","tier":1,"returns_yearly":{"2021":-8.3,"2022":-14.2,"2023":22.5,"2024":-56.2,"2025":984.7,"2026":33.8}},{"slug":"smic","name":"SMIC","name_en":"SMIC","tier":1,"returns_yearly":{"2021":-29.6,"2022":-7.4,"2023":-18.3,"2024":169.9,"2025":98.4,"2026":5.6}}],"benefiting":[{"slug":"mks-instruments","name":"MKS Instruments","name_en":"MKS Instruments","tier":1,"returns_yearly":{"2021":16.4,"2022":-51,"2023":22.6,"2024":2.2,"2025":54.4,"2026":131}},{"slug":"advanced-energy","name":"어드밴스드에너지","name_en":"Advanced Energy Industries","tier":1,"returns_yearly":{"2021":-5.7,"2022":-5.4,"2023":27.5,"2024":6.6,"2025":81.6,"2026":47.2}},{"slug":"wonik-qnc","name":"원익QnC","name_en":"Wonik QnC","tier":1,"returns_yearly":{"2021":26.2,"2022":2,"2023":11.9,"2024":-33.7,"2025":53.4,"2026":9.3}},{"slug":"tck","name":"티씨케이","name_en":"TCK (Tokai Carbon Korea)","tier":1,"returns_yearly":{"2021":-10.1,"2022":-16.9,"2023":2.8,"2024":-28.7,"2025":225.7,"2026":-2.5}},{"slug":"hana-materials","name":"하나머티리얼즈","name_en":"Hana Materials","tier":1,"returns_yearly":{"2021":106,"2022":-30.5,"2023":26.1,"2024":-47.4,"2025":173.9,"2026":-15.7}},{"slug":"kc-tech","name":"케이씨텍","name_en":"KC Tech","tier":2,"returns_yearly":{"2021":-24.2,"2022":-6.1,"2023":57.9,"2024":5.9,"2025":56.7,"2026":108.1}},{"slug":"hana-micron","name":"하나마이크론","name_en":"Hana Micron","tier":2,"returns_yearly":{"2021":109,"2022":-41,"2023":143.5,"2024":-52.4,"2025":269.3,"2026":5.3}},{"slug":"kulicke-soffa","name":"Kulicke & Soffa","name_en":"Kulicke & Soffa","tier":3,"returns_yearly":{"2021":92.4,"2022":-25.8,"2023":25.5,"2024":-13.2,"2025":-0.3,"2026":150.1}},{"slug":"advantest","name":"Advantest","name_en":"Advantest","tier":3,"returns_yearly":{"2021":17,"2022":-2.3,"2023":155.7,"2024":49.5,"2025":196,"2026":17.1}}],"analysis":"도쿄일렉트론의 논지는 식각·증착·코터 과점을 통한 미세화·적층 사이클의 순수 노출이다. ASML·어플라이드·램과 함께 빅4를 이루며, 코터/디벨로퍼는 사실상 독점, 식각·증착에서 고점유를 쥔다 — 소자 미세화와 3D 적층(HBM·3D NAND)이 진행될수록 공정 스텝이 늘어 장비 수요가 구조적으로 커지는 구조다. FY2025 매출 약 $16.0B(+33%)은 HBM·로직 캐파 투자가 끌었고 한국 매출이 급증했으며, AI 장비 비중을 FY2026 40%로 확대하는 것이 성장 축이다. 삼성·SK·TSMC·인텔·마이크론·키옥시아·샌디스크를 고객으로, 실적은 이들 팹의 캐파 사이클에 직접 연동된다. 원가단에서는 티씨케이·하나머티리얼즈·원익QnC(소모품), MKS·어드밴스드에너지(RF·진공)에 의존한다. 재평가 트리거는 HBM·NAND·로직 캐파 사이클, AI 장비 비중 확대, 그리고 중국 수출규제 노출이다.","analysis_en":"Tokyo Electron's thesis is pure exposure to the scaling/stacking cycle through its etch, deposition and coater oligopoly. One of the big four with ASML, Applied and Lam, it effectively monopolizes coater/developer and holds high share in etch and deposition — as device scaling and 3D stacking (HBM, 3D NAND) add process steps, tool demand grows structurally. FY2025 revenue of about $16.0B (+33%) was pulled by HBM and logic capacity investment with Korea revenue surging, and lifting AI-equipment share to 40% by FY2026 is the growth axis. With Samsung, SK, TSMC, Intel, Micron, Kioxia and SanDisk as customers, results track their fab capacity cycles directly. On the cost side it depends on TCK, Hana Materials and Wonik QnC (consumables) and MKS and Advanced Energy (RF/vacuum). Re-rating triggers are the HBM/NAND/logic capacity cycle, the rising AI-equipment share, and China export-control exposure.","analysis_asof":"2026-07-10"},"edges":[{"direction":"revenue","counterparty":"삼성전자","counterparty_slug":"samsung-electronics","confidence":"high","metric":{"type":"revenue","unit":"USD","basis":"연간 총매출","value":16048000000,"period":"FY2025","basis_en":"annual total revenue","qualifier":"approx"},"note":"Samsung Electronics fab에 코터/디벨로퍼·식각·증착·세정 장비 공급.","note_en":"Supplies coater/developer, etch, deposition and clean tools to Samsung Electronics.","sources":[{"stance":"confirms","publisher":"도쿄일렉트론 / EDINET(관동재무국)","publisher_en":"Tokyo Electron / EDINET","kind":"filing","lang":"ja","published_at":"2025-06-16","url":"https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100VX9R.pdf","title":"有価証券報告書 (제62기, 2025년 3월기)","title_en":"Annual Securities Report (FY ended Mar 2025)","excerpt":"有価証券報告書: FY2025(2025.3) 연결매출 및 반도체제조장치 사업·주요 고객.","excerpt_en":"Annual Securities Report: FY2025 consolidated revenue and the SPE business with its major customers."},{"stance":"confirms","publisher":"도쿄일렉트론","publisher_en":"Tokyo Electron","kind":"ir","lang":"en","published_at":"2025-05-14","url":"https://www.tel.com/ir/library/report/index.html","title":"도쿄일렉트론 IR 실적자료","title_en":"Tokyo Electron IR earnings reports","excerpt":"FY2025 매출 약 $16.0B(+33%).","excerpt_en":"FY2025 revenue about $16.0B (+33%)."},{"stance":"confirms","publisher":"디지타임스","publisher_en":"DigiTimes","kind":"news","lang":"en","published_at":"2024-12-23","url":"https://www.digitimes.com/news/a20241223PD215/tel-equipment-revenue-demand-market.html","title":"TEL, AI 장비 매출 비중 40% 목표","title_en":"TEL targets 40% AI equipment revenue","excerpt":"TEL이 식각·증착 고점유로 AI 장비 비중을 FY2026 40%로 확대.","excerpt_en":"TEL, strong in etch/deposition, targets 40% AI-equipment revenue by FY2026."},{"stance":"mentions","publisher":"시사저널e","publisher_en":"Sisa Journal e","kind":"news","lang":"ko","published_at":null,"url":"https://www.sisajournal-e.com/news/articleView.html?idxno=406466","title":"해외 장비社 삼성·SK 공략 강화 (TEL 등 국내투자 봇물)","title_en":"Foreign toolmakers including TEL ramp investment to court Samsung and SK","excerpt":"TEL 등 해외 장비사가 삼성·SK 공략 위해 국내 투자 확대.","excerpt_en":"TEL and other foreign toolmakers expand domestic investment to court Samsung and SK."},{"stance":"confirms","publisher":"디일렉","publisher_en":"TheElec","kind":"news","lang":"ko","published_at":null,"url":"https://www.thelec.kr/news/articleView.html?idxno=21175","title":"TEL 하이브리드 식각기, 삼성 내 장비 지형도 바꾸나","title_en":"TEL hybrid etcher may reshape the equipment mix inside Samsung","excerpt":"TEL 하이브리드 식각기가 삼성 내 장비 지형도를 바꿀 가능성.","excerpt_en":"TEL’s hybrid etcher could reshape the equipment mix inside Samsung."}]},{"direction":"cost","counterparty":"티씨케이","counterparty_slug":"tck","confidence":"high","metric":null,"note":"티씨케이에서 SiC 포커스링·소모품 매입.","note_en":"Purchases SiC focus rings and consumables from TCK.","sources":[{"stance":"confirms","publisher":"테크월드뉴스","publisher_en":"TechWorld","kind":"news","lang":"ko","published_at":"2025-03-01","url":"https://www.epnc.co.kr/news/articleView.html?idxno=223429","title":"티씨케이, SiC 산업 전통 강자","title_en":"TCK, a SiC stalwart","excerpt":"티씨케이에서 SiC 포커스링·소모품 매입.","excerpt_en":"Buys SiC focus rings and consumables from TCK (Tokai Carbon Korea)."},{"stance":"confirms","publisher":"디일렉","publisher_en":"TheElec","kind":"news","lang":"ko","published_at":"2024-06-01","url":"https://www.thelec.kr/news/articleView.html?idxno=11503","title":"티씨케이 SiC링 50% 증산","title_en":"TCK expands SiC rings 50%","excerpt":"티씨케이에서 SiC 포커스링·소모품 매입.","excerpt_en":"Buys SiC focus rings and consumables from TCK (Tokai Carbon Korea)."}]},{"direction":"revenue","counterparty":"키옥시아","counterparty_slug":"kioxia","confidence":"high","metric":null,"note":"키옥시아에 NAND 양산 장비·웨이퍼 공급.","note_en":"Supplies NAND production equipment and wafers to Kioxia.","sources":[{"stance":"confirms","publisher":"뉴스1","publisher_en":"News1","kind":"news","lang":"ko","published_at":"2025-11-01","url":"https://www.news1.kr/industry/general-industry/5997227","title":"키옥시아 NAND 3위, eSSD 견조","title_en":"Kioxia ranks No.3 in NAND","excerpt":"키옥시아에 NAND 양산 장비·웨이퍼 공급.","excerpt_en":"Supplies NAND fab equipment and wafers to Kioxia."},{"stance":"confirms","publisher":"키옥시아","publisher_en":"Kioxia","kind":"ir","lang":"en","published_at":"2025-05-01","url":"https://www.kioxia.com/en-jp/ir.html","title":"Kioxia IR","title_en":"Kioxia IR","excerpt":"키옥시아에 NAND 양산 장비·웨이퍼 공급.","excerpt_en":"Supplies NAND fab equipment and wafers to Kioxia."}]},{"direction":"revenue","counterparty":"샌디스크","counterparty_slug":"sandisk","confidence":"high","metric":null,"note":"샌디스크에 NAND 양산 장비 공급.","note_en":"Supplies NAND production equipment to SanDisk.","sources":[{"stance":"confirms","publisher":"비즈니스포스트","publisher_en":"Business Post","kind":"news","lang":"ko","published_at":"2025-11-01","url":"https://www.businesspost.co.kr/BP?command=article_view&num=437533","title":"샌디스크·키옥시아 낸드 전성시대","title_en":"SanDisk and Kioxia ride the NAND boom","excerpt":"샌디스크에 NAND 양산 장비 공급.","excerpt_en":"Supplies NAND fab equipment to SanDisk."},{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-08-01","url":"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=SNDK&type=10-K","title":"SanDisk 10-K","title_en":"SanDisk Form 10-K","excerpt":"샌디스크에 NAND 양산 장비 공급.","excerpt_en":"Supplies NAND fab equipment to SanDisk."}]},{"direction":"revenue","counterparty":"SK하이닉스","counterparty_slug":"sk-hynix","confidence":"high","metric":null,"note":"SK하이닉스 fab에 코터/디벨로퍼·식각·증착·세정 장비 공급.","note_en":"Supplies coater/developer, etch, deposition and cleaning equipment to SK Hynix fabs.","sources":[{"stance":"confirms","publisher":"디지타임스","publisher_en":"DigiTimes","kind":"news","lang":"en","published_at":"2024-12-23","url":"https://www.digitimes.com/news/a20241223PD215/tel-equipment-revenue-demand-market.html","title":"TEL, AI 장비 매출 비중 40% 목표","title_en":"TEL targets 40% AI equipment revenue","excerpt":"TEL이 식각·증착 고점유로 AI 장비 비중을 FY2026 40%로 확대.","excerpt_en":"TEL, strong in etch/deposition, targets 40% AI-equipment revenue by FY2026."},{"stance":"mentions","publisher":"시사저널e","publisher_en":"Sisa Journal e","kind":"news","lang":"ko","published_at":null,"url":"https://www.sisajournal-e.com/news/articleView.html?idxno=406466","title":"해외 장비社 삼성·SK 공략 강화 (TEL 등 국내투자 봇물)","title_en":"Foreign toolmakers including TEL ramp investment to court Samsung and SK","excerpt":"TEL 등 해외 장비사가 삼성·SK 공략 위해 국내 투자 확대.","excerpt_en":"TEL and other foreign toolmakers expand domestic investment to court Samsung and SK."}]},{"direction":"revenue","counterparty":"TSMC","counterparty_slug":"tsmc","confidence":"high","metric":null,"note":"TSMC fab에 코터/디벨로퍼·식각·증착·세정 장비 공급.","note_en":"Supplies coater/developer, etch, deposition and clean tools to TSMC.","sources":[{"stance":"confirms","publisher":"디지타임스","publisher_en":"DigiTimes","kind":"news","lang":"en","published_at":"2024-12-23","url":"https://www.digitimes.com/news/a20241223PD215/tel-equipment-revenue-demand-market.html","title":"TEL, AI 장비 매출 비중 40% 목표","title_en":"TEL targets 40% AI equipment revenue","excerpt":"TEL이 식각·증착 고점유로 AI 장비 비중을 FY2026 40%로 확대.","excerpt_en":"TEL, strong in etch/deposition, targets 40% AI-equipment revenue by FY2026."},{"stance":"mentions","publisher":"시사저널e","publisher_en":"Sisa Journal e","kind":"news","lang":"ko","published_at":null,"url":"https://www.sisajournal-e.com/news/articleView.html?idxno=406466","title":"해외 장비社 삼성·SK 공략 강화 (TEL 등 국내투자 봇물)","title_en":"Foreign toolmakers including TEL ramp investment to court Samsung and SK","excerpt":"TEL 등 해외 장비사가 삼성·SK 공략 위해 국내 투자 확대.","excerpt_en":"TEL and other foreign toolmakers expand domestic investment to court Samsung and SK."}]},{"direction":"cost","counterparty":"어드밴스드에너지 (RF 파워)","counterparty_slug":"advanced-energy","confidence":"high","metric":{"qualifier":"confirmed_no_disclosed_value"},"note":"식각·증착 장비용 RF 파워 서플라이 조달처.","note_en":"RF power supply source for etch/deposition tools.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회 (SEC)","publisher_en":"U.S. SEC / Advanced Energy Industries","kind":"filing","lang":"en","published_at":"2026-02-13","url":"https://www.sec.gov/Archives/edgar/data/927003/000110465926014731/aeis-20251231x10k.htm","title":"Advanced Energy Industries FY2025 Form 10-K","title_en":"Advanced Energy Industries FY2025 Form 10-K","excerpt":"AE 10-K가 도쿄일렉트론·어플라이드·램리서치를 주요 고객으로 실명 공시 — 상위 3고객이 매출의 약 23%/19%/12%. 식각·증착 장비의 RF 전력·매칭이 AE 제품.","excerpt_en":"Advanced Energy's 10-K names Tokyo Electron, Applied Materials and Lam Research as major customers — the top three at ~23%/19%/12% of revenue. RF power and matching for etch/deposition tools are AE products."}]},{"direction":"cost","counterparty":"하나머티리얼즈","counterparty_slug":"hana-materials","confidence":"mid","metric":null,"note":"하나머티리얼즈에서 실리콘·SiC 식각 부품 매입.","note_en":"Purchases silicon and SiC etch parts from Hana Materials.","sources":[{"stance":"confirms","publisher":"하나머티리얼즈","publisher_en":"Hana Materials","kind":"ir","lang":"en","published_at":"2025-05-01","url":"https://www.hanamt.com","title":"하나머티리얼즈 IR","title_en":"Hana Materials IR","excerpt":"하나머티리얼즈에서 실리콘·SiC 식각 부품 매입.","excerpt_en":"Buys silicon and SiC etch parts from Hana Materials."},{"stance":"confirms","publisher":"전자신문","publisher_en":"ETNews","kind":"news","lang":"ko","published_at":"2024-09-25","url":"https://m.etnews.com/20200925000090","title":"하나머티리얼즈, TEL에 SiC링 공급","title_en":"Hana Materials supplies SiC rings to TEL","excerpt":"하나머티리얼즈에서 실리콘·SiC 식각 부품 매입.","excerpt_en":"Buys silicon and SiC etch parts from Hana Materials."}]},{"direction":"revenue","counterparty":"SMIC","counterparty_slug":"smic","confidence":"mid","metric":null,"note":"SMIC에 전공정 장비(DUV) 공급.","note_en":"Supplies front-end equipment (DUV) to SMIC.","sources":[{"stance":"confirms","publisher":"SMIC","publisher_en":"SMIC","kind":"ir","lang":"en","published_at":"2025-05-01","url":"https://www.smics.com/en/site/company_invest","title":"SMIC IR","title_en":"SMIC IR","excerpt":"SMIC에 전공정 장비(DUV) 공급.","excerpt_en":"Supplies front-end equipment (DUV) to SMIC."},{"stance":"confirms","publisher":"Statista","publisher_en":"Statista","kind":"analysis","lang":"en","published_at":"2025-01-01","url":"https://www.statista.com/chart/32653/market-share-of-semiconductor-foundries-by-revenue/","title":"파운드리 점유율(SMIC 포함)","title_en":"Foundry market share","excerpt":"SMIC에 전공정 장비(DUV) 공급.","excerpt_en":"Supplies front-end equipment (DUV) to SMIC."}]},{"direction":"cost","counterparty":"원익QnC","counterparty_slug":"wonik-qnc","confidence":"mid","metric":null,"note":"원익QnC에서 쿼츠·세라믹 부품 매입.","note_en":"Purchases quartz and ceramic parts from Wonik QnC.","sources":[{"stance":"confirms","publisher":"다음/리서치","publisher_en":"Daum Research","kind":"analysis","lang":"ko","published_at":"2025-01-01","url":"https://m.cafe.daum.net/taejastory/UpJ3/14352","title":"원익QnC, 쿼츠 국내1위·글로벌2위","title_en":"Wonik QnC, quartz No.1 domestic","excerpt":"원익QnC에서 쿼츠·세라믹 부품 매입.","excerpt_en":"Buys quartz and ceramic parts from Wonik QnC."},{"stance":"confirms","publisher":"지디넷코리아","publisher_en":"ZDNet Korea","kind":"news","lang":"ko","published_at":"2020-04-22","url":"https://zdnet.co.kr/view/?no=20200422101530","title":"원익QnC 쿼츠 매출 성장","title_en":"Wonik QnC quartz revenue grows","excerpt":"원익QnC에서 쿼츠·세라믹 부품 매입.","excerpt_en":"Buys quartz and ceramic parts from Wonik QnC."}]},{"direction":"revenue","counterparty":"텍사스인스트루먼트","counterparty_slug":"texas-instruments","confidence":"mid","metric":null,"note":"텍사스인스트루먼트에 전공정 장비 공급.","note_en":"Supplies front-end equipment to Texas Instruments.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-01-01","url":"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=TXN&type=10-K","title":"Texas Instruments 10-K","title_en":"Texas Instruments Form 10-K","excerpt":"텍사스인스트루먼트에 전공정 장비 공급.","excerpt_en":"Supplies front-end equipment to Texas Instruments."},{"stance":"confirms","publisher":"Mordor Intelligence","publisher_en":"Mordor","kind":"analysis","lang":"en","published_at":"2025-01-01","url":"https://www.mordorintelligence.com/industry-reports/analog-semiconductor-market","title":"아날로그 반도체 시장(TI 1위)","title_en":"Analog semiconductor market (TI No.1)","excerpt":"텍사스인스트루먼트에 전공정 장비 공급.","excerpt_en":"Supplies front-end equipment to Texas Instruments."}]},{"direction":"revenue","counterparty":"Intel","counterparty_slug":"intel","confidence":"mid","metric":null,"note":"Intel fab에 코터/디벨로퍼·식각·증착·세정 장비 공급.","note_en":"Supplies coater/developer, etch, deposition and clean tools to Intel.","sources":[{"stance":"confirms","publisher":"디지타임스","publisher_en":"DigiTimes","kind":"news","lang":"en","published_at":"2024-12-23","url":"https://www.digitimes.com/news/a20241223PD215/tel-equipment-revenue-demand-market.html","title":"TEL, AI 장비 매출 비중 40% 목표","title_en":"TEL targets 40% AI equipment revenue","excerpt":"TEL이 식각·증착 고점유로 AI 장비 비중을 FY2026 40%로 확대.","excerpt_en":"TEL, strong in etch/deposition, targets 40% AI-equipment revenue by FY2026."},{"stance":"mentions","publisher":"시사저널e","publisher_en":"Sisa Journal e","kind":"news","lang":"ko","published_at":null,"url":"https://www.sisajournal-e.com/news/articleView.html?idxno=406466","title":"해외 장비社 삼성·SK 공략 강화 (TEL 등 국내투자 봇물)","title_en":"Foreign toolmakers including TEL ramp investment to court Samsung and SK","excerpt":"TEL 등 해외 장비사가 삼성·SK 공략 위해 국내 투자 확대.","excerpt_en":"TEL and other foreign toolmakers expand domestic investment to court Samsung and SK."}]},{"direction":"revenue","counterparty":"Micron Technology","counterparty_slug":"micron","confidence":"mid","metric":null,"note":"Micron Technology fab에 코터/디벨로퍼·식각·증착·세정 장비 공급.","note_en":"Supplies coater/developer, etch, deposition and clean tools to Micron Technology.","sources":[{"stance":"confirms","publisher":"디지타임스","publisher_en":"DigiTimes","kind":"news","lang":"en","published_at":"2024-12-23","url":"https://www.digitimes.com/news/a20241223PD215/tel-equipment-revenue-demand-market.html","title":"TEL, AI 장비 매출 비중 40% 목표","title_en":"TEL targets 40% AI equipment revenue","excerpt":"TEL이 식각·증착 고점유로 AI 장비 비중을 FY2026 40%로 확대.","excerpt_en":"TEL, strong in etch/deposition, targets 40% AI-equipment revenue by FY2026."},{"stance":"mentions","publisher":"시사저널e","publisher_en":"Sisa Journal e","kind":"news","lang":"ko","published_at":null,"url":"https://www.sisajournal-e.com/news/articleView.html?idxno=406466","title":"해외 장비社 삼성·SK 공략 강화 (TEL 등 국내투자 봇물)","title_en":"Foreign toolmakers including TEL ramp investment to court Samsung and SK","excerpt":"TEL 등 해외 장비사가 삼성·SK 공략 위해 국내 투자 확대.","excerpt_en":"TEL and other foreign toolmakers expand domestic investment to court Samsung and SK."}]},{"direction":"revenue","counterparty":"롬","counterparty_slug":"rohm","confidence":"mid","metric":null,"note":"롬에 전공정 장비 공급.","note_en":"Supplies front-end equipment to Rohm.","sources":[{"stance":"confirms","publisher":"ROHM / 매체","publisher_en":"ROHM / media","kind":"news","lang":"en","published_at":"2026-03-27","url":"https://www.rohm.com/ir","title":"롬, 도시바·미쓰비시 파워반도체 사업통합 논의 개시(2026.3.27); 덴소 ¥1.3조 TOB 제안설(2026.3.6 매체보도, 미확정)","title_en":"ROHM begins integration talks with Toshiba D&S and Mitsubishi Electric power devices (Mar 27, 2026); reported Denso JPY 1.3tn TOB proposal (Mar 6, 2026, unconfirmed)","excerpt":"롬에 전공정 장비 공급.","excerpt_en":"Supplies front-end equipment to ROHM."},{"stance":"confirms","publisher":"롬","publisher_en":"ROHM","kind":"reference","lang":"ko","published_at":"2025-01-01","url":"https://www.rohm.co.kr/company","title":"롬 회사 정보","title_en":"ROHM company info","excerpt":"롬에 전공정 장비 공급.","excerpt_en":"Supplies front-end equipment to ROHM."}]},{"direction":"cost","counterparty":"MKS Instruments","counterparty_slug":"mks-instruments","confidence":"mid","metric":null,"note":"식각·증착 장비에 MKS RF 전력·진공 서브시스템 탑재.","note_en":"Uses MKS RF-power/vacuum subsystems in etch/deposition tools.","sources":[{"stance":"confirms","publisher":"Wikipedia","publisher_en":"Wikipedia","kind":"research","lang":"en","published_at":"2026-01-01","url":"https://en.wikipedia.org/wiki/MKS_Instruments","title":"MKS Instruments(장비 서브시스템)","title_en":"MKS Instruments (equipment subsystems)","excerpt":"식각·증착 장비에 MKS RF 전력·진공 서브시스템 탑재.","excerpt_en":"Uses MKS RF-power/vacuum subsystems in etch/deposition tools."},{"stance":"confirms","publisher":"Yole Group","publisher_en":"Yole Group","kind":"research","lang":"en","published_at":"2025-01-01","url":"https://www.yolegroup.com/strategy-insights/critical-subsystems-suppliers-are-the-superstars-of-the-semiconductor-supply-chain/","title":"핵심 서브시스템 공급사가 반도체 공급망의 슈퍼스타","title_en":"Critical subsystems suppliers are the superstars of the chain","excerpt":"식각·증착 장비에 MKS RF 전력·진공 서브시스템 탑재.","excerpt_en":"Uses MKS RF-power/vacuum subsystems in etch/deposition tools."}]},{"direction":"revenue","counterparty":"Nanya Technology","counterparty_slug":"nanya-tech","confidence":"mid","metric":null,"note":"Nanya DRAM 팹에 코터·식각·증착 WFE 공급.","note_en":"Supplies coater/etch/deposition WFE to Nanya's DRAM fab.","sources":[{"stance":"confirms","publisher":"01.co","publisher_en":null,"kind":"research","lang":"en","published_at":"2026-04-15","url":"https://www.01.co/research/nanya-tech-q1-2026-legacy-dram-squeeze","title":"Nanya Tech Q1 2026: Legacy DRAM Squeeze Confirmed","title_en":null,"excerpt":"Nanya Tech Q1 2026: Legacy DRAM Squeeze Confirmed","excerpt_en":""}]},{"direction":"cost","counterparty":"부품·서브시스템 공급사 (비공개)","counterparty_slug":null,"confidence":"low","metric":{"type":"qualifier","value":null,"qualifier":"confirmed_no_disclosed_value"},"note":"장비용 정밀 부품·서브시스템 외주(공급사 비공개).","note_en":"Outsources precision parts and subsystems for its tools (suppliers undisclosed).","sources":[{"stance":"mentions","publisher":"도쿄일렉트론","publisher_en":"Tokyo Electron","kind":"ir","lang":"en","published_at":"2025-05-14","url":"https://www.tel.com/ir/library/report/index.html","title":"도쿄일렉트론 IR 실적자료","title_en":"Tokyo Electron IR earnings reports","excerpt":"IR: 부품 공급망 의존.","excerpt_en":"IR: depends on parts supply chain."}]},{"direction":"cost","counterparty":"정밀 가공·계측 (비공개)","counterparty_slug":null,"confidence":"low","metric":{"type":"qualifier","value":null,"qualifier":"confirmed_no_disclosed_value"},"note":"정밀 가공·계측 모듈 매입(비공개).","note_en":"Buys precision machining and metrology modules (undisclosed).","sources":[{"stance":"mentions","publisher":"도쿄일렉트론","publisher_en":"Tokyo Electron","kind":"ir","lang":"en","published_at":"2025-05-14","url":"https://www.tel.com/ir/library/report/index.html","title":"도쿄일렉트론 IR 실적자료","title_en":"Tokyo Electron IR earnings reports","excerpt":"IR: 설비·모듈.","excerpt_en":"IR: equipment and modules."}]}]}