ENTITY · ibm
IBMIBM
United States·hyperscaler·major·$234.1B mkt cap
Enterprise computing and cloud; designs its own Power and Telum chips.
CLEAR · 0–39
34/100 illustrative
Underwriting Thesis
CLEAR — IBM: concentrated foreign-origin supply compounded by sanctions exposure in its immediate supply path in hyperscaler. A chokepoint underwriting concern at this tier.
Factor Breakdown
Foreign-Origin Concentration50
Sole-Source Dependence30
Sanctions Exposure45
Downstream Criticality0
Sanctions Exposure
Entity not present on tracked screening lists (CSL).
DoD Exposure
No matched DoD semiconductor awards (USASpending) for this entity.
Segments
hyperscaleridm
Possible substitutes · same commodity buckets