# If Xiaomi moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/xiaomi · Facet: ripple · Updated: 2026-07-12T05:39:59.787128+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Xiaomi is directly linked to 7 companies (7 supply, 0 revenue relationships) and reaches 17 companies within two hops; the links are backed by 11 dated sources, 1 of them primary filings (as of 2026-07-12).

Xiaomi operates across Hang Seng Index, Smartphones/AIoT/EV, 'Human×Car×Home' ecosystem. It remained weak at -6.9% in 2025 and -19.9% in 2026. The supply side (avg +14.7%) leads the stock (-19.9%), with spending rippling down to suppliers first. Among connected nodes the furthest ahead is TSMC (+41.9%) and the furthest behind is Qualcomm (+0.2%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Smartphones shed volume (-2%) yet push premiumization and vertical integration via the in-house 3nm XRING chip that cuts Qualcomm dependence, while Lei Jun's ~90% voting control (weighted voting rights) keeps long-gestation bets in chips, EVs and AI coherent.

## Supply chain (benefiting)
- T1 Sunny Optical (https://valuechain.wiki/sunny-optical.md)
- T1 BYD Electronics (https://valuechain.wiki/byd-electronics.md)
- T2 BYD (https://valuechain.wiki/byd.md)
- T3 BTR New Material Group Co., Ltd (https://valuechain.wiki/btr-new-material.md)
- T3 Yunnan Energy New Material (SEMCORP) (https://valuechain.wiki/yunnan-energy.md)
- T3 Lotte Energy Materials (https://valuechain.wiki/lotte-energy-materials.md)
- T3 Tinci Materials (https://valuechain.wiki/tinci.md)
- T1 CATL (https://valuechain.wiki/catl.md)
- T2 Ronbay Technology (https://valuechain.wiki/ronbay.md)
- T2 Chunbo (https://valuechain.wiki/chunbo.md)
- T2 Enchem (https://valuechain.wiki/enchem.md)
- T1 Qualcomm (https://valuechain.wiki/qualcomm.md)
- T2 King Yuan Electronics (KYEC) (https://valuechain.wiki/kyec.md)
- T3 Teradyne (https://valuechain.wiki/teradyne.md)
- T3 Advantest (https://valuechain.wiki/advantest.md)
- T2 United Microelectronics (UMC) (https://valuechain.wiki/umc.md)
- T3 Siemens EDA (https://valuechain.wiki/siemens-eda.md)
- T3 ASML (https://valuechain.wiki/asml.md)
- T3 KLA (https://valuechain.wiki/kla.md)
- T3 Applied Materials (https://valuechain.wiki/applied-materials.md)
- T3 Lam Research (https://valuechain.wiki/lam-research.md)
- T3 GlobalWafers (https://valuechain.wiki/globalwafers.md)
- T3 Synopsys (https://valuechain.wiki/synopsys.md)
- T3 Cadence Design Systems (https://valuechain.wiki/cadence.md)
- T2 Leeno Industrial (https://valuechain.wiki/leeno.md)
- T2 JCET (Jiangsu Changjiang Electronics) (https://valuechain.wiki/jcet.md)
- T3 Kulicke & Soffa (https://valuechain.wiki/kulicke-soffa.md)
- T2 Samsung Electronics (https://valuechain.wiki/samsung-electronics.md)
- T3 ASMPT (https://valuechain.wiki/asmpt.md)
- T3 Hanmi Semiconductor (https://valuechain.wiki/hanmi-semiconductor.md)
- T3 SFA Semicon (https://valuechain.wiki/sfa-semicon.md)
- T3 Daeduck Electronics (https://valuechain.wiki/daeduck.md)
- T3 Uni Test (https://valuechain.wiki/unitest.md)
- T3 Wonik QnC (https://valuechain.wiki/wonik-qnc.md)
- T3 SCREEN Holdings (https://valuechain.wiki/screen-holdings.md)
- T3 Onto Innovation (https://valuechain.wiki/onto-innovation.md)
- T3 ASM International (https://valuechain.wiki/asm-international.md)
- T3 Lasertec (https://valuechain.wiki/lasertec.md)
- T3 Resonac (https://valuechain.wiki/resonac.md)
- T3 Tokyo Ohka Kogyo (TOK) (https://valuechain.wiki/tokyo-ohka.md)
- T3 Disco Corporation (https://valuechain.wiki/disco.md)
- T3 MediaTek (https://valuechain.wiki/mediatek.md)
- T3 Wonik IPS (https://valuechain.wiki/wonik-ips.md)
- T3 Foosung (https://valuechain.wiki/foosung.md)
- T3 Shin-Etsu Chemical (https://valuechain.wiki/shin-etsu.md)
- T3 Ebara (https://valuechain.wiki/ebara.md)
- T3 Linde (https://valuechain.wiki/linde.md)
- T3 Merck KGaA (EMD) (https://valuechain.wiki/merck-kgaa.md)
- T3 Nepes (https://valuechain.wiki/nepes.md)
- T3 Montage Technology (https://valuechain.wiki/montage.md)
- T3 Entegris (https://valuechain.wiki/entegris.md)
- T3 BESI (https://valuechain.wiki/besi.md)
- T3 KC Tech (https://valuechain.wiki/kc-tech.md)
- T3 SK Siltron (https://valuechain.wiki/sk-siltron.md)
- T3 S&S Tech (https://valuechain.wiki/sns-tech.md)
- T3 Arm Holdings (https://valuechain.wiki/arm.md)
- T3 Camtek (https://valuechain.wiki/camtek.md)
- T3 SUMCO Corporation (https://valuechain.wiki/sumco.md)
- T3 Samsung Electro-Mechanics (https://valuechain.wiki/samsung-electro-mechanics.md)
- T3 Cohu (https://valuechain.wiki/cohu.md)
- T3 LG Innotek (https://valuechain.wiki/lg-innotek.md)
- T3 ENF Technology (https://valuechain.wiki/enf-technology.md)
- T3 Fujimi Incorporated (https://valuechain.wiki/fujimi.md)
- T3 Dongjin Semichem (https://valuechain.wiki/dongjin-semichem.md)
- T3 Hitachi High-Tech (https://valuechain.wiki/hitachi-hightech.md)
- T3 Soulbrain (https://valuechain.wiki/soulbrain.md)
- T3 Hana Materials (https://valuechain.wiki/hana-materials.md)
- T3 Jusung Engineering (https://valuechain.wiki/jusung-engineering.md)
- T3 PSK Inc (https://valuechain.wiki/psk-inc.md)
- T3 Eugene Technology (https://valuechain.wiki/eugene-tech.md)
- T3 ISC (https://valuechain.wiki/isc.md)
- T3 Qnity Electronics (https://valuechain.wiki/qnity-electronics.md)
- T3 Park Systems (https://valuechain.wiki/park-systems.md)
- T3 HPSP (https://valuechain.wiki/hpsp.md)
- T3 Qorvo (https://valuechain.wiki/qorvo.md)
- T3 JSR Corporation (https://valuechain.wiki/jsr.md)
- T3 Tokyo Electron (TEL) (https://valuechain.wiki/tokyo-electron.md)
- T3 Photronics (https://valuechain.wiki/photronics.md)
- T3 LG Display (https://valuechain.wiki/lg-display.md)
- T3 EO Technics (https://valuechain.wiki/eo-technics.md)
- T3 Hana Micron (https://valuechain.wiki/hana-micron.md)
- T3 Kokusai Electric (https://valuechain.wiki/kokusai-electric.md)
- T3 Powertech Technology (PTI) (https://valuechain.wiki/powertech.md)
- T3 Air Liquide (https://valuechain.wiki/air-liquide.md)
- T3 FormFactor (https://valuechain.wiki/formfactor.md)
- T3 Simmtech (https://valuechain.wiki/simmtech.md)
- T3 Arteris (https://valuechain.wiki/arteris.md)
- T3 Samsung E&A (https://valuechain.wiki/samsung-e-a.md)
- T3 Air Products and Chemicals (https://valuechain.wiki/air-products.md)
- T3 Sumitomo Chemical (https://valuechain.wiki/sumitomo-chemical.md)
- T2 Soitec (https://valuechain.wiki/soitec.md)
- T2 TSMC (https://valuechain.wiki/tsmc.md)
- T3 Global Unichip (https://valuechain.wiki/global-unichip.md)
- T2 SMIC (https://valuechain.wiki/smic.md)
- T3 AMEC (https://valuechain.wiki/amec.md)
- T3 ACM Research (https://valuechain.wiki/acm-research.md)
- T3 Naura Technology (https://valuechain.wiki/naura.md)
- T1 Will Semiconductor (https://valuechain.wiki/will-semiconductor.md)

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