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S&P 5007,763.9▲ 1.48%

Dow Jones52,025.15▲ 0.66%

Nasdaq27,091.5▲ 2.15%

Russell 20002,875.51▲ 0.53%

Fear Index (VIX)15.05▲ 1.62%

TA-125₪4,164.35▲ 0.95%

Gold4,384.5▼ 0.91%

Bitcoin86,066.5▲ 6.07%

Oil92.22▼ 8.06%

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X-RAY · PILOT

Who Really Manufactures AI Chips

NVIDIA and AMD design chips — but don't manufacture them. And everyone, including the manufacturers themselves, depends on a single company for the most critical equipment. Every relationship here is backed by a documented industry fact, not an AI guess.

🔗 The Whole Path in One Picture

No clicking required — here it is end to end.

🔒ASML

Global EUV lithography monopoly

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🔬

EUV Equipment

Critical component, ~$181M per unit

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🏭TSMC

Leading chip foundry

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🧠NVIDIA

Chip designer

🎬 X-Ray Story

Press Play and watch the map build itself scene by scene — suppliers, customers, competitors, and a failure simulation, all straight from the real graph.

🏗️ Who Manufactures for Whom

AMD → TSMC

AMD is a fabless chip designer that relies on TSMC as its primary foundry for its CPU and GPU products.

NVIDIA → TSMC

NVIDIA is a fabless chip designer that contracts TSMC as its primary foundry for advanced-node GPU manufacturing. As of 2026, NVIDIA accounts for about 19% of TSMC's total revenue, having overtaken Apple (about 17%) as TSMC's single largest customer amid surging AI chip demand — up from just 12% for NVIDIA in 2024.

🔒 The Monopoly Everyone Depends On

TSMC, Samsung, and Intel — rivals in every other way — all depend on the exact same single company for the world's most advanced lithography equipment.

EUV Lithography Machines

Sole source, no alternative

Required by: Intel, Samsung Electronics, TSMC

Intel also requires EUV lithography machines for its advanced nodes, which only ASML manufactures.

🧠 AI Memory — HBM

Unlike lithography, High-Bandwidth Memory for advanced AI chips has several real suppliers — not a single-source dependency.

High-Bandwidth Memory (HBM)

Micron TechnologySamsung ElectronicsSK Hynix

High-end AI GPUs require High-Bandwidth Memory (HBM), supplied primarily by SK Hynix, with Samsung and Micron as additional suppliers.

🧨 What-If Simulator

The network map below is the real graph, not an illustration. Every node and every line is clickable.

👆 Click any company on the map to see what happens if it "fails", or click a connecting line to see the evidence behind it.

Critical single point of failureConfirmed impact (in simulation)Secondary exposureHighlighted pathNormal

Pick a node to fail:

Select a node above, click one directly on the map, or just click "Show me an example."

How this is computed

Impact is marked "confirmed" only once every known alternative supplier for that component is also down. "Secondary" exposure flags a dependency edge with no known sole-source alternative. The dark-red nodes on the map are structural single points of failure in the graph itself — independent of whatever you simulate.

🔒 Most Exposed to Dependency

Counted directly from the graph above — not an AI-generated score. How many other companies depend on each company's products, and how many have no alternative at all.

ASML (ASML)3 dependents · 3 sole-source

Intel (sole) · Samsung Electronics (sole) · TSMC (sole)

TSMC (TSM)2 dependents

AMD · NVIDIA

Micron Technology (MU)1 dependents

NVIDIA

Samsung Electronics (SSNLF)1 dependents

NVIDIA

🏭 Market Structure

Intel ↔ TSMC

Unlike NVIDIA and AMD, Intel both designs and manufactures its own chips (an integrated device manufacturer), competing with TSMC and Samsung in advanced manufacturing while also designing chips that compete with AMD and NVIDIA.

NVIDIA ↔ AMD

NVIDIA and AMD are the two dominant designers of discrete GPUs and AI accelerators.

TSMC ↔ Samsung Electronics

TSMC and Samsung Foundry are the two leading providers of advanced-node contract chip manufacturing, alongside Intel's emerging foundry business.

📊 Companies in This Graph — In Depth

A real business description, StockIQ's current score, and the latest real headlines for each company.

AMD

AMD · Information Technology

No description available.

Yahoo · Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar · today

Yahoo · Why Direxion Daily Semiconductor Bull 3X ETF Just Popped · today

Full analysis →🔬 X-Ray profile across every industry →

ASML

ASML · Technology

No score available

No description available.

Yahoo · ASML reports transactions under its current share buyback program · today

Yahoo · Chip Stocks Open Week With Early Gains · today

Full analysis →🔬 X-Ray profile across every industry →

Intel

INTC · Information Technology

No score available

This is the second pilot of the X-Ray engine — a hand-curated, documented dependency graph for the semiconductor industry only. Every relationship is backed by a well-known public industry fact; none of it was generated by AI. This information should not be considered investment advice.