Ajinomoto
Ajinomoto is a monopoly in the Materials segment of the semiconductor & AI supply chain, headquartered in Ajinomoto Headquarters Building. Its key customers include Ibiden, Unimicron, Nan Ya PCB.
Supplies effectively all ABF build-up film, the insulator in advanced CPU/GPU substrates.
- Ticker
- TSE: 2802
- Headquarters
- Ajinomoto Headquarters Building
- Founded
- 1925
- Revenue
- $9.7B (FY2026) · +404.9% YoY
- Net income
- $822M
- Operating margin
- 6.7%
- Market position
- monopoly
- Value-chain segment
- Substrates
- Key products
- Ajinomoto Build-up Film (ABF)
About Ajinomoto
Ajinomoto, headquartered in Japan, operates in the Substrates segment of the semiconductor & AI supply chain and is positioned as a market monopoly there. Its key products include Ajinomoto Build-up Film (ABF). wafergraph maps 13 tracked customers for Ajinomoto across the value chain. It has a supply-chain criticality score of 99/100, with 242 companies downstream of it.
Ajinomoto Co., Inc. is a Japanese multinational food and biotechnology corporation which produces seasonings, cooking oils, frozen foods, beverages, sweeteners, amino acids, insulating films, and pharmaceuticals. Aji-No-Moto is the trade name for the company's original monosodium glutamate (MSG) product, the first of its kind, since 1909. The corporation's head office is located in Chūō, Tokyo. As of 2024, Ajinomoto operates in 31 countries worldwide and employs an estimated 34,862 people. Its yearly revenue in 2024 is around ¥1.53 trillion JPY or $10.61 billion USD.
Key products
- Ajinomoto Build-up Film (ABF)