# ABB (ABBN.SW)
> 스위스 전력화·자동화 대기업. 데이터센터 지능형 배전·백업전력·DC 배전·냉각을 공급하며 전기화 연구의 약 40%가 차세대 데이터센터용이다. 엔비디아와 800VDC 1MW 랙 전력 아키텍처를 공동개발하고, VoltaGrid에 동기조상기 27기를 공급(그리드 안정화). 이튼·슈나이더와 함께 전력화 축.
Canonical: https://valuechain.wiki/abb · Updated: 2026-07-12T05:01:59.007838+00:00 · Source: ValueChain.wiki (refined facts, cited)

**인용용 요약**: 밸류체인 그래프 기준 ABB의 직접 연결 기업은 3곳(관계 기준 공급 0·매출 3)이고, 사슬을 2차까지 넓히면 37곳에 닿는다. 링크의 근거 출처는 5건이며 그중 1차공시가 2건이다 (valuechain.wiki, 2026-07-12 기준).

## Financials & segments
- 총매출: 332억 달러 (2025, +9%)
- 고객 집중도: 데이터센터 전력수요 2030년 220GW 전망·엔비디아 800VDC 공동개발. 엔비디아 800VDC 공동개발. 지능형 배전.
- 사업부문: 전력화·배전(데이터센터), 자동화·로보틱스

## Annual stock return (as of 2026-07-10)
- 2021: +23.9%
- 2022: +7.3%
- 2023: +18.9%
- 2024: +39%
- 2025: +36.1%
- 2026 YTD: +27.2%

## Value-chain annual returns (top→bottom: demand → node → supply; YTD as of 2026-07-10)
| Company | Chain | 2021 | 2022 | 2023 | 2024 | 2025 | YTD |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Nebius | lead3 | · | · | · | · | +202.2% | +162.4% |
| Datadog | lead3 | +80.9% | -58.7% | +65.1% | +17.7% | -4.8% | +89.4% |
| 팔로알토 네트웍스 | lead3 | +56.7% | -24.8% | +111.3% | +23.4% | +1.2% | +76.9% |
| CrowdStrike | lead3 | -3.3% | -48.6% | +142.5% | +34% | +37% | +59.7% |
| Illumina | lead3 | +2.8% | -46.9% | -31.1% | -1.3% | -1.8% | +45% |
| 플래닛랩스 | lead3 | · | -29.3% | -43.2% | +63.6% | +388.1% | +32.1% |
| Starbucks Corp | lead3 | +11.1% | -13.2% | -1.2% | -2.5% | -5.3% | +27.4% |
| CoreWeave | lead3 | · | · | · | · | · | +24.1% |
| 존슨 컨트롤스 | lead3 | +77.4% | -19.3% | -7.6% | +39.8% | +53% | +20% |
| Snowflake | lead3 | +20.4% | -57.6% | +38.6% | -22.4% | +42.1% | +19.2% |
| Apple | lead3 | +34.6% | -26.4% | +49% | +30.7% | +9.1% | +16.2% |
| Airbnb Inc | lead3 | · | -48.6% | +59.2% | -3.5% | +3.3% | +9.5% |
| Lockheed Martin | lead3 | +3.2% | +40.5% | -4.3% | +10% | +2.5% | +9.5% |
| RTX | lead3 | +23.3% | +20% | -14.4% | +40.8% | +61.4% | +7.6% |
| Costco Wholesale | lead3 | +51.8% | -19% | +49% | +39.6% | -5.4% | +6.6% |
| Procter & Gamble | lead3 | +20.5% | -5% | -0.9% | +17.3% | -12.3% | +4.1% |
| Walmart Inc | lead3 | +2% | -0.5% | +12.9% | +74% | +24.5% | +2.6% |
| 마쓰다 | lead3 | +18.8% | +22.8% | +81.1% | -39% | +17.3% | -3.2% |
| Schrödinger | lead3 | -56% | -46.3% | +91.5% | -46.1% | -7.3% | -7.8% |
| MercadoLibre | lead3 | -19.5% | -37.2% | +85.7% | +8.2% | +18.5% | -8% |
| Uber | lead3 | -17.8% | -41% | +149% | -2% | +35.5% | -8.8% |
| McDonald's | lead3 | +27.8% | +0.5% | +15.1% | +0.1% | +7.9% | -9% |
| LVMH | lead3 | +46.6% | +12.7% | -1.8% | -7.3% | -20.4% | -9% |
| Recursion Pharmaceuticals | lead3 | · | -55% | +27.9% | -31.4% | -39.5% | -13% |
| Disney | lead3 | -14.5% | -43.9% | +4.3% | +24.4% | +3.3% | -15.3% |
| 메이퇀 | lead3 | -38.1% | -20.7% | -64.2% | +137.6% | -34.6% | -19% |
| Coupang | lead3 | · | -49.9% | +10.1% | +35.8% | +7.3% | -20.3% |
| Netflix | lead3 | +11.4% | -51.1% | +65.1% | +83.1% | +5.2% | -21.7% |
| Shopify | lead3 | +21.7% | -74.8% | +124.4% | +36.5% | +51.4% | -23.9% |
| Palantir | lead3 | -22.7% | -64.7% | +167.4% | +340.5% | +135% | -28.7% |
| ServiceNow | lead3 | +17.9% | -40.2% | +82% | +50.1% | -27.7% | -29.7% |
| 킹소프트 오피스 | lead3 | -41.3% | +16% | -23.7% | +47.1% | +7.6% | -30.2% |
| Dell | lead2 | +51.2% | -26.6% | +95.9% | +53% | +11.2% | +248.1% |
| Lenovo | lead2 | -4.6% | -20.9% | +36.2% | +18.2% | -0.6% | +175.7% |
| HPE | lead2 | +37.4% | +4.5% | +9.7% | +29.1% | +15.5% | +104% |
| TeraWulf | lead2 | +77.1% | -95.5% | +258.2% | +135.8% | +103% | +91.2% |
| Aurora Innovation | lead2 | · | -89.3% | +261.2% | +44.2% | -39% | +66.1% |
| Mercury Systems | lead2 | -37.5% | -18.7% | -18.3% | +14.8% | +73.8% | +47.9% |
| 에이수스(ASUS) | lead2 | +35.5% | -12.9% | +72% | +41.1% | -14.1% | +46.7% |
| Wiwynn | lead2 | +24.7% | -22.3% | +206.4% | +3.5% | +64.4% | +45.1% |
| 기가바이트 | lead2 | +82.3% | -3.4% | +173.2% | -15.9% | -4.7% | +44.4% |
| Cloudflare | lead2 | +73% | -65.6% | +84.2% | +29.3% | +83.1% | +36.1% |
| Quanta | lead2 | +22.2% | -12.8% | +254.5% | +12.7% | +8.9% | +33.4% |
| SK텔레콤 | lead2 | +7.9% | -12% | +15.8% | +15.5% | +37.5% | +23.4% |
| Celestica | lead2 | +37.9% | +1.3% | +159.8% | +215.2% | +220.3% | +21.7% |
| 지리자동차 | lead2 | -40.8% | -22.9% | -40.3% | +98.5% | +14.5% | +18.9% |
| 위스트론 | lead2 | +7.9% | +9.7% | +272.7% | -1.6% | +22.7% | +14.8% |
| 알파벳 (구글) | lead2 | +65.3% | -39.1% | +58.3% | +36% | +66% | +14.3% |
| Foxconn | lead2 | -5.1% | +2.8% | +7.8% | +80.1% | +26.9% | +10.9% |
| IREN | lead2 | · | -92.3% | +472% | +37.3% | +284.6% | +8.9% |
| 아마존 | lead2 | +2.4% | -49.6% | +80.9% | +44.4% | +5.2% | +6.3% |
| 메타 플랫폼스 | lead2 | +23.1% | -64.2% | +194.1% | +66% | +13.1% | +1.6% |
| Tempus AI | lead2 | · | · | · | · | +74.9% | -1.4% |
| IBM | lead2 | +16.7% | +10.6% | +21.8% | +39.3% | +38.2% | -1.6% |
| Super Micro | lead2 | +38.8% | +86.8% | +246.2% | +7.2% | -4% | -3.3% |
| 제너럴 모터스 | lead2 | +40.8% | -42.4% | +7.9% | +49.8% | +54.2% | -3.8% |
| IonQ | lead2 | · | -79.3% | +259.1% | +237.1% | +7.4% | -4.5% |
| 현대차 | lead2 | -16.7% | -4.7% | +16.2% | +12.3% | +158.8% | -7.8% |
| Tesla | lead2 | +49.8% | -65% | +101.7% | +62.5% | +11.4% | -9.3% |
| Toyota Motor Corporation | lead2 | +58.1% | -13.4% | +63% | +1.8% | +21.8% | -18.2% |
| 마이크로소프트 | lead2 | +52.5% | -28% | +58.2% | +12.9% | +15.6% | -20% |
| 알리바바 | lead2 | -49% | -25.8% | -10.8% | +11.8% | +75.8% | -22.7% |
| 텐센트 | lead2 | -28.6% | -14.2% | -28.7% | +49.8% | +52.1% | -23.2% |
| 바이두 | lead2 | · | -8.2% | -23.4% | -13.5% | +74.2% | -24.5% |
| Rigetti Computing | lead2 | · | -92.9% | +35.1% | +1449.2% | +45.2% | -25.3% |
| Oracle | lead2 | +36.9% | -4.6% | +30.9% | +60% | +18.1% | -27.4% |
| Kratos | lead2 | -29.3% | -46.8% | +96.6% | +30% | +187.8% | -36.5% |
| Pony.ai | lead2 | · | · | · | · | +1% | -54.6% |
| NVIDIA | lead1 | +125.5% | -50.3% | +239% | +171.2% | +38.9% | +13.3% |
| ABB | node | +23.9% | +7.3% | +18.9% | +39% | +36.1% | +27.2% |

데이터센터 전력화·배전의 핵심 공급사로, AI 데이터센터의 폭증하는 전력 수요(2030년 220GW 전망)에 직접 노출된다. 성장 논지는 엔비디아와의 800VDC 1MW 랙 전력 아키텍처 공동개발이 차세대 표준을 선점하고, 전기화 연구의 약 40%가 데이터센터로 향한다는 것 — 지능형 배전·백업·냉각까지 묶어 파는 시스템 지위가 강점이다. 고객이 엔비디아·마이크로소프트·아마존 등 하이퍼스케일러로 확장되나, 리스크는 데이터센터 캐펙스 사이클과 구리·강철 등 원자재 원가다. 그래프 파급은 하이퍼스케일러 전력 투자가 ABB 배전·전력기기 수요로 전이되는 경로다. (analysis as of 2026-07-10)

## Money in · revenue from (5)
### NVIDIA (high)  → /nvidia.md
- note: 엔비디아와 800VDC 1MW 랙 전력 아키텍처를 공동개발 — 차세대 데이터센터 전력 표준을 선점하는 전략적 관계로, ABB 전력화 수요 가시성의 핵심.
- [confirms] ABB 공식 실적발표 (EN, filing, published 2026-02-19) https://new.abb.com/news/detail/132985/q4-2025-results: "2025 매출 $332억 역대 최대(+9%)"
- [confirms] ABB (EN, filing, published 2026-01-01) https://new.abb.com/news/detail/129805/abb-to-develop-next-generation-ai-data-centers-with-nvidia: "엔비디아와 800VDC 1MW 랙 전력 아키텍처 공동개발·공급."
- [confirms] Automation.com (EN, news, published 2025-10-01) https://www.automation.com/article/abb-voltagrid-stable-data-center-power-support-ai-growth: "엔비디아와 800VDC 1MW 랙 전력 아키텍처 공동개발·공급."

### 하이퍼스케일러·데이터센터 (전력화) (high)
- note: 하이퍼스케일러·데이터센터가 지능형 배전·백업·DC 배전·그리드 안정화를 조달 — AI 전력 붐의 병목을 시스템으로 묶어 파는 핵심 수요단.
- [confirms] ABB (EN, news, published 2026-01-01) https://new.abb.com/news/detail/129854/powering-the-future-of-ai-demand: "전기화 연구 40%가 데이터센터용."
- [confirms] Automation.com (EN, news, published 2025-10-01) https://www.automation.com/article/abb-voltagrid-stable-data-center-power-support-ai-growth: "전기화 연구 40%가 데이터센터용."

### 산업·로보틱스·유틸리티 (mid)
- note: 산업·유틸리티가 자동화·로보틱스·전력기기를 조달 — 데이터센터 밖 경기 사이클에 연동되는 다변화 매출.
- [confirms] ABB (EN, news, published 2026-01-01) https://new.abb.com/news/detail/129854/powering-the-future-of-ai-demand: "전력화·자동화 대기업."

### 아마존 (mid)  → /amazon.md
- note: 아마존(AWS)이 데이터센터 전력화를 조달 — AI 인프라 확충의 전력 수요처.
- [confirms] ABB (EN, filing, published 2026-01-01) https://new.abb.com/news/detail/129805/abb-to-develop-next-generation-ai-data-centers-with-nvidia: "AWS 데이터센터 전력화 공급."

### 마이크로소프트 (mid)  → /microsoft.md
- note: 마이크로소프트가 데이터센터 전력화·배전을 조달 — 하이퍼스케일러 캐펙스가 ABB 수요로 전이되는 접점.
- [confirms] ABB (EN, filing, published 2026-01-01) https://new.abb.com/news/detail/129805/abb-to-develop-next-generation-ai-data-centers-with-nvidia: "MS 데이터센터 전력화·배전 공급."

## Money out · pays to (2)
### 부품·제조·증설 (비공개) (low)
- note: 전력기기 부품·제조·증설.
- [confirms] ABB (EN, filing, published 2026-01-01) https://new.abb.com/news/detail/129805/abb-to-develop-next-generation-ai-data-centers-with-nvidia: "배전·변압·보호기기 제조."
- [confirms] VoltaGrid (EN, news, published 2025-10-01) https://voltagrid.com/voltagrid-and-abb-partner-to-deliver-stable-data-center-power-to-support-ai-growth/: "ABB·VoltaGrid 그리드 안정 전력."

### 원자재·물류 (비공개) (low)
- note: 구리·강철·전자부품·물류.
- [confirms] VoltaGrid (EN, news, published 2025-10-01) https://voltagrid.com/voltagrid-and-abb-partner-to-deliver-stable-data-center-power-to-support-ai-growth/: "전력기기 원자재."

## 질문별 엔드포인트
- 누가 ABB의 고객인가? ABB의 매출은 어디서 오는가? → https://valuechain.wiki/abb/customers.md
- ABB의 주요 공급사는 어디인가? ABB의 비용은 누구에게 가는가? → https://valuechain.wiki/abb/suppliers.md
- ABB 주가가 움직이면 누가 수혜를 보는가? ABB의 가치사슬 파급은 어디까지인가? → https://valuechain.wiki/abb/ripple.md
- 증권가가 보는 ABB: 목표주가와 투자의견은? → https://valuechain.wiki/abb/consensus.md

## 이 노드를 다룬 분석 (1)
- [다음 병목은 전력이다: 사슬이 발전·송전·냉각의 시계로 넘어가는 곳](https://valuechain.wiki/analysis/power-ai-bottleneck.md) (2026-06-23)

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_Generated for LLM/agent consumption. Each edge lists stance (confirms/mentions/contradicts), source publisher, language, date, and excerpt for verification._