NAND Flash Storage (SSD) →Stands to benefit
South Korea
South Korea accounts for 51% of this NAND supply node, so fully open semiconductor exports directly help the country's chip sector and growth.
94% confidence
HBM (High Bandwidth Memory) Stack →supply up
GPUs and AI accelerators
HBM is a critical, near-fully dependent input to GPUs and AI accelerators, so reopening semiconductor exports should materially ease that bottleneck and raise availability.
94% confidence
DRAM Memory Modules (LPDDR5/DDR5) →supply up
Computers and laptops
LPDDR5/DDR5 memory is a critical input for computers and laptops, so more module supply should lift downstream availability.
94% confidence
DDR5 DRAM Server Memory →supply up
Servers and cloud hardware
DDR5 DRAM is a critical, high-dependency input to servers and cloud hardware, so easier chip exports should increase their availability.
94% confidence
NAND Flash Storage (SSD) →supply up
Computers and laptops
Computers and laptops are a critical downstream user of NAND, so more available storage chips should raise finished-device supply.
93% confidence
300mm Silicon Wafers →supply up
Semiconductors and chips
300mm silicon wafers are a near-essential input to chip fabrication, so easier wafer availability supports higher semiconductor output.
92% confidence
300mm Silicon Wafers →supply up
Memory and storage chips
This is a critical downstream chip category that depends heavily on wafer supply, so more wafers translate into more available memory and storage chips.
91% confidence
DDR5 DRAM Server Memory →Stands to benefit
South Korea
South Korea supplies 72% of this memory flow, so reopening semiconductor exports should lift its export volumes and semiconductor-driven growth.
90% confidence
HBM (High Bandwidth Memory) Stack →Stands to benefit
SK HynixHXSCL
SK Hynix supplies 57% of HBM with low substitutability and long replacement times, so freer export flows should support higher shipments and sales.
89% confidence
DRAM Memory Modules (LPDDR5/DDR5) →Stands to benefit
South Korea
South Korea supplies 70% of this DRAM node, so reopening semiconductor exports should materially benefit its export-heavy chip sector.
88% confidence
HBM (High Bandwidth Memory) Stack →Stands to benefit
South Korea
South Korea accounts for 79% of HBM supply, so the export reopening should disproportionately benefit the dominant source country.
87% confidence
NAND Flash Storage (SSD) →Stands to benefit
Samsung SemiconductorSSNLF
Samsung Semiconductor holds a 32.3% share of this NAND supply node, so export normalization should let it ship more volume.
87% confidence
300mm Silicon Wafers →supply up
Specialty chips
Specialty chip output should rise with better access to 300mm wafers, though the effect is a bit less direct than for mainstream semiconductors.
86% confidence
EUV/ArF Semiconductor Photoresists →Stands to benefit
Japan
Japan supplies 88% of these photoresists, so a stronger semiconductor export cycle concentrates the upside there.
84% confidence
NAND Flash Storage (SSD) →Stands to benefit
SK HynixHXSCL
SK Hynix has a 21.1% share of NAND supply, so less-constrained exports should improve its shipment flow.
84% confidence
300mm Silicon Wafers →Stands to benefit
Shin-Etsu ChemicalSHECY
As a major 300mm wafer supplier with limited substitutability and long replacement times, Shin-Etsu should benefit from stronger wafer demand tied to higher chip output.
84% confidence
DDR5 DRAM Server Memory →Stands to benefit
SK HynixHXSCL
SK Hynix holds a 30% share of DDR5 DRAM server memory, so it should benefit from higher shipment volumes and easier export access.
84% confidence
300mm Silicon Wafers →Stands to benefit
Sumco Corporation3436.T
With a large share of wafer supply and a multi-year replacement horizon, Sumco is positioned to gain if chip production lifts wafer demand.
83% confidence
EUV/ArF Semiconductor Photoresists →Stands to benefit
JSR Corporation
JSR is a major EUV/ArF photoresist supplier with 35% share and long replacement lead times, so stronger chip production should lift its sales.
82% confidence
EUV/ArF Semiconductor Photoresists →Stands to benefit
Tokyo Ohka Kogyo (TOK)4186.T
TOK has a 25% share in this critical input and an 18-month replacement cycle, so a semiconductor export rebound should increase demand for its photoresists.
81% confidence
EUV/ArF Semiconductor Photoresists →Stands to benefit
Shin-Etsu Chemical Co., Ltd. (Silicones Division)
Shin-Etsu holds about 20% share and has a long 24-month replacement time, so higher chip output should benefit it through greater photoresist demand.
79% confidence
300mm Silicon Wafers →Stands to benefit
Taiwan Semiconductor Manufacturing Company (TSMC)TSM
TSMC’s extremely low substitutability and long replacement horizon make it highly dependent on wafer supply, so easier access should support its fab utilization and output.
79% confidence
NAND Flash Storage (SSD) →supply up
Video game consoles & games
Video game consoles and games also depend on NAND inputs, so easing chip constraints should improve their availability, though less strongly than PCs.
79% confidence
300mm Silicon Wafers →Stands to benefit
GlobalWafers Co., Ltd.
GlobalWafers is a meaningful supplier in a hard-to-replace market, so a pickup in chip production should support its wafer sales.
77% confidence
300mm Silicon Wafers →Stands to benefit
Siltronic AG
Siltronic’s wafer position and long replacement lead time make it a likely beneficiary of higher demand from an easing semiconductor cycle.
76% confidence
EUV/ArF Semiconductor Photoresists →Stands to benefit
Merck KGaA Life Science (MilliporeSigma)MRK.DE
Merck has a smaller but still material 15% share in the input market, so a recovery in chip production should modestly benefit it.
75% confidence
Nippon Sanso MATHESON →Prices rise
Semiconductor Etch Gases (NF₃, HF, WF₆)
With semiconductor export flows reopening, chip production should run harder, raising demand for Nippon Sanso's etch-gas supply and tightening that input market.
67% confidence
Nippon Sanso MATHESON →Prices rise
Monosilane (SiH₄) — CVD Precursor
A stronger semiconductor upcycle should also lift consumption of monosilane CVD precursor, putting upward pressure on this input's price.
63% confidence
SK Inc. Materials →supply up
Semiconductor Etch Gases (NF₃, HF, WF₆)
With a 42% share in this etch-gas segment, SK Inc. Materials would likely raise output availability if reopened semiconductor export flows lift chip production and demand.
59% confidence
