ENTITY · agc
AGC Inc.5201
Japan·photomasks·major·$10.0B mkt cap
Glass and chemicals maker; leading EUV photomask blanks and fluorinated gases.
CLEAR · 0–39
34/100 illustrative
Underwriting Thesis
CLEAR — AGC Inc.: sole-source / single-point-of-failure dominance compounded by criticality to DoD-exposed downstream programs in photomasks. A chokepoint underwriting concern at this tier.
Factor Breakdown
Foreign-Origin Concentration18
Sole-Source Dependence67
Sanctions Exposure0
Downstream Criticality60
Sanctions Exposure
Entity not present on tracked screening lists (CSL).
DoD Exposure
No matched DoD semiconductor awards (USASpending) for this entity.
Segments
photomasksspecialty gases
Shortest paths → DoD-exposed firms
- GlobalFoundries · 1 hop · $1.05BAGC Inc. → GlobalFoundries
- Marvell Technology · 2 hops · $184.3MAGC Inc. → TSMC → Marvell Technology
- Valens Semiconductor · 2 hops · $28.3MAGC Inc. → TSMC → Valens Semiconductor
- Scale AI · 3 hops · $105.6MAGC Inc. → TSMC → NVIDIA → Scale AI
Possible substitutes · same commodity buckets
Chokepoint Relationships
Key Suppliers · upstream · 0
No mapped upstream suppliers.
Key Customers · downstream · 7
- TSMCTaiwanCHOKEPOINT
- Samsung ElectronicsSouth KoreaALLIED
- IntelUnited StatesDOMESTIC
- SK hynixSouth KoreaALLIED
- Micron TechnologyUnited StatesDOMESTIC
- SMICChinaHostileADVERSARY
- GlobalFoundriesUnited StatesDOMESTIC