{"slug":"phison","name":"Phison","name_en":"Phison Electronics","ticker":"8299.TW","updated_at":"2026-07-12T04:16:52.048967+00:00","canonical":"https://valuechain.wiki/phison","same_as":["https://finance.yahoo.com/quote/8299.TW"],"citable":"밸류체인 그래프 기준 Phison의 직접 연결 기업은 4곳(관계 기준 공급 3·매출 1)이고, 사슬을 2차까지 넓히면 49곳에 닿는다. 링크의 근거 출처는 8건이며 그중 1차공시가 1건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, Phison Electronics is directly linked to 4 companies (3 supply, 1 revenue relationships) and reaches 49 companies within two hops; the links are backed by 8 dated sources, 1 of them primary filings (as of 2026-07-12).","kicker":"NAND 컨트롤러·SSD 솔루션","kicker_en":"NAND controllers & SSD solutions","lead":"세계 최대 독립 NAND 플래시 컨트롤러·스토리지 솔루션 기업(대만). 키옥시아·마이크론·WD·삼성·SK 등 NAND 제조사와 협력하며, aiDAPTIV+로 온프레미스 LLM 학습 스토리지를 공급한다. 2025 상반기 매출 NT$317억, 비소비자(서버·AI) 비중 70%+. 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NAND 제조사(키옥시아·마이크론·WD·삼성·SK)와 협력해 연 16EB 규모 NAND를 웨이퍼로 사들여 컨트롤러·SSD로 부가가치를 붙이는 구조라, 실적은 NAND 가격 사이클과 물량 배정에 양방향으로 노출된다. 성장 축은 매출의 70%+를 차지하는 비소비자(서버·AI)와 온프레미스 LLM 학습 스토리지(aiDAPTIV+)로, 소비자 USB·eMMC의 순환성을 낮춘다. 그래프상 Phison은 TSMC(컨트롤러 파운드리)·NAND 제조사에 대한 비용 노드이자 킹스톤·시게이트·서버 고객에 대한 매출 노드로, NAND 공급 병목이 풀리는 속도와 AI 스토리지 침투가 마진의 관건이다.","analysis_en":"The core of Phison is a mix shift as its position as the world's largest independent NAND controller extends into server and AI storage. Partnering with NAND makers (Kioxia, Micron, WD, Samsung, SK) and buying ~16EB of raw NAND at wafer level to add value through controllers and SSDs, its results are two-way exposed to the NAND price cycle and allocation. The growth axis is the 70%+ non-consumer (server/AI) share plus on-prem LLM training storage (aiDAPTIV+), which reduce the cyclicality of consumer USB/eMMC. In graph terms Phison is a cost node to TSMC (controller foundry) and NAND makers and a revenue node to Kingston, Seagate and server customers, so how fast the NAND bottleneck clears and AI-storage adoption ramps are the margin swing factors.","analysis_asof":"2026-07-09"},"edges":[{"direction":"cost","counterparty":"TSMC","counterparty_slug":"tsmc","confidence":"high","metric":null,"note":"NAND 컨트롤러 칩을 자체 팹 없이 TSMC 등에 위탁생산 — 팹라이트 구조라 파운드리 캐파·선폭 접근이 신제품 출시와 원가를 좌우한다.","note_en":"Outsources NAND controller chips to TSMC and others as a fab-lite maker — foundry capacity and node access drive product launches and cost.","sources":[{"stance":"confirms","publisher":"DigiTimes","publisher_en":"DigiTimes","kind":"news","lang":"en","published_at":"2026-03-08","url":"https://www.digitimes.com/news/a20260308PD200/phison-2026-growth-2025-nand-flash.html","title":"Phison, AI로 사상 최대 이익·2026 폭발 성장 전망","title_en":"Phison rides AI to record profits, sees explosive 2026 growth","excerpt":"NAND 컨트롤러 칩을 TSMC 등에 위탁생산.","excerpt_en":"Manufactures NAND controller chips at TSMC and others."},{"stance":"confirms","publisher":"Phison","publisher_en":"Phison","kind":"filing","lang":"en","published_at":"2025-07-08","url":"https://www.phison.com/en/investor/financial-information","title":"Phison 회사·IR(TWSE 8299)","title_en":"Phison company/IR (TWSE 8299)","excerpt":"NAND 컨트롤러 칩을 TSMC 등에 위탁생산.","excerpt_en":"Manufactures NAND controller chips at TSMC and others."}]},{"direction":"revenue","counterparty":"서버·AI·산업 (SSD·컨트롤러)","counterparty_slug":null,"confidence":"high","metric":{"type":"qualifier","value":null,"qualifier":"confirmed_no_disclosed_value"},"note":"서버·AI·산업 고객에 컨트롤러·SSD를 공급(비소비자 70%+) — AI 추론·데이터 인프라 수요가 성장을 끄는 핵심 축으로, 소비자 대비 마진·안정성이 높다.","note_en":"Supplies controllers and SSDs to server, AI and industrial customers (70%+ non-consumer) — AI inference and data-infrastructure demand is the core growth axis, higher-margin and steadier than consumer.","sources":[{"stance":"confirms","publisher":"DigiTimes","publisher_en":"DigiTimes","kind":"news","lang":"en","published_at":"2026-03-08","url":"https://www.digitimes.com/news/a20260308PD200/phison-2026-growth-2025-nand-flash.html","title":"Phison, AI로 사상 최대 이익·2026 폭발 성장 전망","title_en":"Phison rides AI to record profits, sees explosive 2026 growth","excerpt":"aiDAPTIV+ 온프레미스 LLM 스토리지.","excerpt_en":"aiDAPTIV+ on-prem LLM storage."},{"stance":"confirms","publisher":"百度百科","publisher_en":"Baidu Baike","kind":"news","lang":"zh","published_at":"2026-01-01","url":"https://baike.baidu.com/item/群联电子","title":"群联电子(Phison, NAND 컨트롤러 1위)","title_en":"Phison (No.1 independent NAND controller)","excerpt":"aiDAPTIV+ 온프레미스 LLM 스토리지.","excerpt_en":"aiDAPTIV+ on-prem LLM storage."}]},{"direction":"revenue","counterparty":"킹스톤 테크놀로지","counterparty_slug":null,"confidence":"high","metric":{"as_of":"2023-06","qualifier":"confirmed_no_disclosed_value"},"note":"2012년부터 SSD 컨트롤러 공급(PATA·SATA·PCIe 10종 이상). 킹스톤은 파이슨의 장기 전략 파트너이자 합작사 지분 거래 상대. 2022년 기준 전 세계 SSD 4대 중 1대에 파이슨 컨트롤러 탑재.","note_en":"Supplies SSD controllers to Kingston since 2012 (10+ solutions across PATA, SATA, PCIe). Kingston is a long-term strategic partner with joint-venture share dealings. One in four SSDs shipped in 2022 carried a Phison controller.","sources":[{"stance":"confirms","publisher":"Blocks and Files","publisher_en":"Blocks and Files","kind":"news","lang":"en","published_at":"2023-06-12","url":"https://blocksandfiles.com/2023/06/12/phison-largest-ssd-supplier-no-one-knows-about/","title":"Phison is the largest SSD supplier you've never heard of","title_en":"Phison is the largest SSD supplier you've never heard of","excerpt":"One out of every four SSDs shipped with Phison inside in 2022. 킹스톤을 파이슨의 파트너로 명시. (2022년 출하 SSD 4대 중 1대가 파이슨 탑재)","excerpt_en":"One out of every four SSDs shipped with Phison inside in 2022; lists Kingston among Phison's partners."},{"stance":"confirms","publisher":"Business Wire","publisher_en":"Business Wire","kind":"news","lang":"en","published_at":"2020-07-14","url":"https://www.businesswire.com/news/home/20200714005031/en/Phison-to-Sell-Shares-in-Joint-Venture-to-Kingston-Technology","title":"Phison to Sell Shares in Joint Venture to Kingston Technology","title_en":"Phison to Sell Shares in Joint Venture to Kingston Technology","excerpt":"Phison continues to be our long-term strategic technology partner as their controllers power many Kingston products including SSDs, USB drives and memory cards. (킹스톤 제품 다수에 파이슨 컨트롤러 탑재)","excerpt_en":"Phison continues to be our long-term strategic technology partner as their controllers power many Kingston products including SSDs, USB drives and memory cards."},{"stance":"confirms","publisher":"Phison","publisher_en":"Phison","kind":"ir","lang":"en","published_at":"2017-12-06","url":"https://www.phison.com/en/category/article/press-releases/phison-and-kingston-collaborate-on-nvme-ssd-controller-to-accelerate-into-the-next-ssd-era-2","title":"Phison and Kingston Collaborate on NVMe SSD Controller","title_en":"Phison and Kingston Collaborate on NVMe SSD Controller","excerpt":"Since 2012, Phison has delivered more than 10 SSD controller solutions to Kingston consisting of PATA, SATA, and PCIe. (2012년부터 파이슨은 킹스톤에 10종 이상의 SSD 컨트롤러 솔루션을 공급했다)","excerpt_en":"Since 2012, Phison has delivered more than 10 SSD controller solutions to Kingston consisting of PATA, SATA, and PCIe."}]},{"direction":"revenue","counterparty":"Seagate","counterparty_slug":"seagate","confidence":"high","metric":{"as_of":"2022-08","qualifier":"confirmed_no_disclosed_value"},"note":"2017년부터 시게이트 주류 SATA SSD에 컨트롤러 공급, 2022년 엔터프라이즈 SSD용 X1 컨트롤러 플랫폼 공동 설계로 확장.","note_en":"Controller supplier for Seagate's mainstream SATA SSDs since 2017, expanded in 2022 with the co-designed X1 enterprise SSD controller platform.","sources":[{"stance":"confirms","publisher":"StorageNewsletter","publisher_en":"StorageNewsletter","kind":"news","lang":"en","published_at":"2022-08-12","url":"https://www.storagenewsletter.com/2022/08/12/phison-x1-controller-customizable-ssd-platform-designed-in-partnership-with-seagate/","title":"Phison X1 Controller Platform Designed in Partnership With Seagate","title_en":"Phison X1 Controller Platform Designed in Partnership With Seagate","excerpt":"Phison X1 controller: customizable SSD platform designed in partnership with Seagate. (시게이트와 공동 설계한 X1 컨트롤러 플랫폼)","excerpt_en":"Phison X1 controller: customizable SSD platform designed in partnership with Seagate."},{"stance":"confirms","publisher":"Seagate","publisher_en":"Seagate","kind":"ir","lang":"en","published_at":"2022-04-06","url":"https://www.seagate.com/news/news-archive/seagate-and-phison-broaden-partnership-to-bolster-portfolio-of-high-performance,-high-density-enterprise-class-solid-state-drives-optimized-to-lower-data-center-tco-pr-master/","title":"Seagate and Phison Broaden Partnership","title_en":"Seagate and Phison Broaden Partnership","excerpt":"Seagate and Phison have collaborated on Seagate's mainstream SATA SSD products since 2017. (2017년부터 시게이트 주류 SATA SSD에서 협력)","excerpt_en":"Seagate and Phison have collaborated on Seagate's mainstream SATA SSD products since 2017."}]},{"direction":"cost","counterparty":"Micron Technology","counterparty_slug":"micron","confidence":"high","metric":{"as_of":"2023-06","qualifier":"confirmed_no_disclosed_value"},"note":"낸드 웨이퍼 매입처의 하나. 파이슨은 주요 낸드 공급사(키옥시아/WD·마이크론·삼성·SK하이닉스/솔리다임·YMTC)에서 연 16EB 규모 낸드를 웨이퍼 단위로 구매한다(공급사 합산).","note_en":"One of Phison's NAND wafer sources. Phison buys about 16EB of raw NAND per year at wafer level across major suppliers (Kioxia/WD, Micron, Samsung, SK hynix/Solidigm, YMTC).","sources":[{"stance":"confirms","publisher":"Blocks and Files","publisher_en":"Blocks and Files","kind":"news","lang":"en","published_at":"2023-06-12","url":"https://blocksandfiles.com/2023/06/12/phison-largest-ssd-supplier-no-one-knows-about/","title":"Phison is the largest SSD supplier you've never heard of","title_en":"Phison is the largest SSD supplier you've never heard of","excerpt":"Original design partner for the main NAND foundry suppliers - Kioxia/WD, Micron, Samsung, SK hynix/Solidigm... Phison buys 16 exabytes of raw NAND a year, purchasing at wafer level. (주요 낸드 공급사의 ODM 파트너로 연 16EB 웨이퍼 구매)","excerpt_en":"Original design partner for the main NAND suppliers; Phison buys 16 exabytes of raw NAND a year at wafer level."}]},{"direction":"cost","counterparty":"키옥시아","counterparty_slug":"kioxia","confidence":"mid","metric":null,"note":"SSD 솔루션용 NAND 플래시를 키옥시아 등에서 조달 — NAND가 SSD 원가의 대부분이라 낸드 가격 사이클이 마진을 직접 좌우하는 최대 비용 변수다.","note_en":"Sources NAND flash for SSDs from Kioxia and others — as NAND is most of SSD cost, the NAND price cycle is the biggest cost variable driving margin.","sources":[{"stance":"confirms","publisher":"DigiTimes","publisher_en":"DigiTimes","kind":"news","lang":"en","published_at":"2026-03-08","url":"https://www.digitimes.com/news/a20260308PD200/phison-2026-growth-2025-nand-flash.html","title":"Phison, AI로 사상 최대 이익·2026 폭발 성장 전망","title_en":"Phison rides AI to record profits, sees explosive 2026 growth","excerpt":"SSD 솔루션용 NAND 플래시를 키옥시아 등에서 조달.","excerpt_en":"Sources NAND flash for SSD solutions from Kioxia and others."},{"stance":"confirms","publisher":"百度百科","publisher_en":"Baidu Baike","kind":"news","lang":"zh","published_at":"2026-01-01","url":"https://baike.baidu.com/item/群联电子","title":"群联电子(Phison, NAND 컨트롤러 1위)","title_en":"Phison (No.1 independent NAND controller)","excerpt":"SSD 솔루션용 NAND 플래시를 키옥시아 등에서 조달.","excerpt_en":"Sources NAND flash for SSD solutions from Kioxia and others."}]},{"direction":"revenue","counterparty":"소비자·모바일 (스토리지)","counterparty_slug":null,"confidence":"mid","metric":{"type":"qualifier","value":null,"qualifier":"confirmed_no_disclosed_value"},"note":"USB·eMMC/UFS 등 소비자 스토리지 — 규모 있는 기반이나 가격·수요 순환에 민감한 저마진 축으로, 서버·AI로의 믹스 이동이 이를 상쇄한다.","note_en":"Consumer storage such as USB and eMMC/UFS — a sizable base but a low-margin line sensitive to price/demand cycles, offset by the mix shift toward server/AI.","sources":[{"stance":"confirms","publisher":"百度百科","publisher_en":"Baidu Baike","kind":"news","lang":"zh","published_at":"2026-01-01","url":"https://baike.baidu.com/item/群联电子","title":"群联电子(Phison, NAND 컨트롤러 1위)","title_en":"Phison (No.1 independent NAND controller)","excerpt":"세계 최대 독립 컨트롤러.","excerpt_en":"Largest independent controller maker."}]}]}