{"slug":"will-semiconductor","name":"웨이얼반도체(윌세미)","name_en":"Will Semiconductor","ticker":"603501.SS","updated_at":"2026-07-12T08:21:10.561998+00:00","canonical":"https://valuechain.wiki/will-semiconductor","citable":"밸류체인 그래프 기준 웨이얼반도체(윌세미)의 직접 연결 기업은 2곳(관계 기준 공급 1·매출 1)이고, 사슬을 2차까지 넓히면 36곳에 닿는다. 링크의 근거 출처는 5건이며 그중 1차공시가 1건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, Will Semiconductor is directly linked to 2 companies (1 supply, 1 revenue relationships) and reaches 36 companies within two hops; the links are backed by 5 dated sources, 1 of them primary filings (as of 2026-07-12).","kicker":"SSE 50(상해) · CMOS 이미지센서 · 옴니비전(세계 3위)","kicker_en":"SSE 50 (Shanghai) · CMOS image sensors · OmniVision (world #3)","lead":"중국 최대 CMOS 이미지센서(CIS) 설계기업. 2019년 미국 옴니비전(OmniVision)을 인수해 CIS 세계 3위(2024년 점유율 약 11.9%)에 올랐고, 2025년 사명을 옴니비전 그룹으로 바꿨다. 스마트폰 고화소 센서와 자동차 ADAS 카메라용 센서가 주력이며, 반도체 유통 사업도 함께 운영한다. 상해거래소 SSE 50 구성종목.","lead_en":"China's largest CMOS image sensor (CIS) designer. It acquired US-based OmniVision in 2019 to become the world's third-largest CIS supplier (about 11.9% share in 2024) and renamed itself OmniVision Group in 2025. High-resolution smartphone sensors and automotive ADAS camera sensors lead its portfolio, and it also runs a semiconductor distribution business. An SSE 50 (Shanghai) constituent.","segments":{"fy":2024,"parts":[{"name":"이미지센서(CIS) 솔루션","note":"매출 ¥191.9억·74.8%"},{"name":"반도체 유통(대리)","note":"매출 ¥39.4억·15.3%"},{"name":"디스플레이 드라이버·아날로그 등","note":"TDDI·전원관리 등"}],"total":"약 ¥257억 (FY2024, +22.4% YoY)"},"segments_en":{"parts":[{"name":"Image sensor (CIS) solutions","note":"CN¥19.19B / 74.8%"},{"name":"Semiconductor distribution","note":"CN¥3.94B / 15.3%"},{"name":"Display driver & analog, etc.","note":"TDDI, power management"}],"total":"approx. CN¥25.7B (FY2024, +22.4% YoY)"},"returns_yearly":{"2021":-12.1,"2022":-49.7,"2023":-8.3,"2024":22.8,"2025":15.5,"2026":-14.8},"return_asof":"2026-07-10","value_chain":{"leading":[{"slug":"xiaomi","name":"샤오미","name_en":"Xiaomi","tier":1,"returns_yearly":{"2021":-43.9,"2022":-21.1,"2023":-4.6,"2024":209.7,"2025":-6.9,"2026":-27.2}}],"benefiting":[{"slug":"tsmc","name":"TSMC","name_en":"TSMC","tier":1,"returns_yearly":{"2021":12.1,"2022":-36.7,"2023":42.3,"2024":92.6,"2025":55.9,"2026":43.6}},{"slug":"sumco","name":"섬코","name_en":"SUMCO Corporation","tier":2,"returns_yearly":{"2021":-4.3,"2022":-3.9,"2023":21.3,"2024":-48.1,"2025":41.7,"2026":225.8}},{"slug":"globalwafers","name":"GlobalWafers","name_en":"GlobalWafers","tier":2,"returns_yearly":{"2021":26.9,"2022":-29.9,"2023":14.3,"2024":-39,"2025":48.9,"2026":171.6}},{"slug":"applied-materials","name":"어플라이드 머티어리얼즈","name_en":"Applied Materials","tier":2,"returns_yearly":{"2021":83.6,"2022":-37.5,"2023":68,"2024":1.1,"2025":59.6,"2026":135}},{"slug":"lam-research","name":"램리서치","name_en":"Lam Research","tier":2,"returns_yearly":{"2021":53.7,"2022":-40.7,"2023":88.6,"2024":-6.8,"2025":139.2,"2026":105}},{"slug":"onto-innovation","name":"Onto Innovation","name_en":"Onto Innovation","tier":2,"returns_yearly":{"2021":112.9,"2022":-32.7,"2023":124.6,"2024":9,"2025":-5.3,"2026":103.6}},{"slug":"kla","name":"KLA","name_en":"KLA","tier":2,"returns_yearly":{"2021":68,"2022":-11.2,"2023":56,"2024":9.4,"2025":94.5,"2026":91}},{"slug":"screen-holdings","name":"SCREEN Holdings","name_en":"SCREEN 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Chemical","tier":2,"returns_yearly":{"2021":6.3,"2022":3.1,"2023":57.8,"2024":-15.6,"2025":7.6,"2026":44}},{"slug":"tokyo-ohka","name":"Tokyo Ohka Kogyo","name_en":"Tokyo Ohka Kogyo (TOK)","tier":2,"returns_yearly":{"2021":-2.7,"2022":-3,"2023":63.8,"2024":4.3,"2025":111.5,"2026":42.9}},{"slug":"ebara","name":"Ebara","name_en":"Ebara","tier":2,"returns_yearly":{"2021":58.1,"2022":2.3,"2023":76.1,"2024":41,"2025":84,"2026":32.3}},{"slug":"asm-international","name":"ASM International","name_en":"ASM International","tier":2,"returns_yearly":{"2021":44.2,"2022":2.9,"2023":68.7,"2024":10.3,"2025":25.9,"2026":28.8}},{"slug":"linde","name":"Linde","name_en":"Linde","tier":2,"returns_yearly":{"2021":33.4,"2022":-4.4,"2023":27.7,"2024":3.2,"2025":3.2,"2026":25.1}},{"slug":"cadence","name":"Cadence Design Systems","name_en":"Cadence Design 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Technics","tier":2,"returns_yearly":{"2021":7.6,"2022":-28.2,"2023":130.5,"2024":-16.2,"2025":163.2,"2026":0.7}},{"slug":"hpsp","name":"HPSP","name_en":"HPSP","tier":2,"returns_yearly":{"2023":216.5,"2024":-30.4,"2025":54.7,"2026":-4.5}},{"slug":"synopsys","name":"Synopsys","name_en":"Synopsys","tier":2,"returns_yearly":{"2021":42.1,"2022":-13.4,"2023":61.3,"2024":-5.7,"2025":-3.2,"2026":-5.2}},{"slug":"photronics","name":"Photronics","name_en":"Photronics","tier":2,"returns_yearly":{"2021":68.9,"2022":-10.7,"2023":86.4,"2024":-24.9,"2025":35.8,"2026":-6.6}},{"slug":"leeno","name":"리노공업","name_en":"Leeno Industrial","tier":2,"returns_yearly":{"2021":21,"2022":-5.3,"2023":18.3,"2024":9.5,"2025":150.1,"2026":-30.3}},{"slug":"siemens-eda","name":"Siemens EDA","name_en":"Siemens EDA","tier":2,"returns_yearly":null},{"slug":"jsr","name":"JSR","name_en":"JSR Corporation","tier":2,"returns_yearly":null},{"slug":"hitachi-hightech","name":"히타치 하이테크","name_en":"Hitachi High-Tech","tier":2,"returns_yearly":null},{"slug":"ichor-holdings","name":"이코르","name_en":"Ichor Holdings","tier":3,"returns_yearly":{"2021":52.7,"2022":-41.7,"2023":25.4,"2024":-4.2,"2025":-42.8,"2026":444.2}},{"slug":"mks-instruments","name":"MKS Instruments","name_en":"MKS Instruments","tier":3,"returns_yearly":{"2021":16.4,"2022":-51,"2023":22.6,"2024":2.2,"2025":54.4,"2026":131}},{"slug":"advanced-energy","name":"어드밴스드에너지","name_en":"Advanced Energy Industries","tier":3,"returns_yearly":{"2021":-5.7,"2022":-5.4,"2023":27.5,"2024":6.6,"2025":81.6,"2026":47.2}},{"slug":"smc","name":"SMC Corporation","name_en":"SMC Corporation","tier":3,"returns_yearly":{"2021":0.9,"2022":4.5,"2023":28.6,"2024":-28,"2025":4.2,"2026":26.6}},{"slug":"dupont","name":"듀폰","name_en":"DuPont","tier":3,"returns_yearly":{"2021":15.4,"2022":-13.4,"2023":14.4,"2024":1,"2025":28.7,"2026":12.6}},{"slug":"yokogawa-electric","name":"요코가와전기","name_en":"Yokogawa Electric","tier":3,"returns_yearly":{"2021":-15.9,"2022":23.6,"2023":30.6,"2024":18.8,"2025":52.3,"2026":9.4}},{"slug":"wonik-qnc","name":"원익QnC","name_en":"Wonik QnC","tier":3,"returns_yearly":{"2021":26.2,"2022":2,"2023":11.9,"2024":-33.7,"2025":53.4,"2026":9.3}},{"slug":"siemens-ag","name":"지멘스","name_en":"Siemens AG","tier":3,"returns_yearly":{"2021":12.2,"2022":5.1,"2023":20.1,"2024":28,"2025":26.4,"2026":8.7}},{"slug":"tck","name":"티씨케이","name_en":"TCK (Tokai Carbon Korea)","tier":3,"returns_yearly":{"2021":-10.1,"2022":-16.9,"2023":2.8,"2024":-28.7,"2025":225.7,"2026":-2.5}},{"slug":"hoya","name":"호야","name_en":"Hoya Corporation","tier":3,"returns_yearly":{"2021":10.8,"2022":-3,"2023":34.4,"2024":11.3,"2025":24.9,"2026":-2.9}},{"slug":"hitachi","name":"히타치","name_en":"Hitachi","tier":3,"returns_yearly":{"2021":40.6,"2022":16.7,"2023":75.4,"2024":71.1,"2025":37.5,"2026":-11.8}},{"slug":"hana-materials","name":"하나머티리얼즈","name_en":"Hana Materials","tier":3,"returns_yearly":{"2021":106,"2022":-30.5,"2023":26.1,"2024":-47.4,"2025":173.9,"2026":-15.7}},{"slug":"carl-zeiss-smt","name":"Carl Zeiss SMT","name_en":"Carl Zeiss SMT","tier":3,"returns_yearly":null},{"slug":"trumpf","name":"TRUMPF","name_en":"TRUMPF","tier":3,"returns_yearly":null}],"analysis":"2019년 미국 옴니비전을 인수해 CMOS 이미지센서(CIS) 세계 3위(2024년 점유 약 11.9%)에 오른 중국 최대 CIS 설계사(2025년 옴니비전 그룹으로 개명)로, 스마트폰 고화소 센서와 자동차 ADAS 카메라가 두 성장축이다. 특히 2024년 온세미를 제치고 차량용 CIS 세계 1위(점유 약 35%, 차량 CIS 매출 ¥59억·+29.9%)에 올라, 스마트폰(OV50 5,000만 화소, 샤오미·아너·비보 채택)에 이은 제2 축을 확립했다. FY2024 매출 ¥257억(+22.4%)에서 CIS가 74.8%, 반도체 유통이 15.3%를 차지하며, 팹리스라 TSMC(1차)·파워칩·화홍(2차) 파운드리에 위탁생산을 분산한다. 리스크는 소수 중국 OEM 집중과 파운드리 캐파 의존이며, 그래프상 상류는 TSMC 등 파운드리, 하류는 자동차·스마트폰 OEM이다.","analysis_en":"China's largest CIS designer (renamed OmniVision Group in 2025), which became the world's #3 CMOS image sensor supplier (~11.9% share in 2024) via its 2019 OmniVision acquisition, with smartphone high-resolution sensors and automotive ADAS cameras as its two growth axes. It notably passed Onsemi in 2024 to become the world's #1 in automotive CIS (~35% share; automotive-CIS revenue CN¥5.9B, +29.9%), establishing a second axis after smartphones (its 50MP OV50 family is adopted by Xiaomi, Honor and vivo). In FY2024 revenue of CN¥25.7B (+22.4%), CIS was 74.8% and semiconductor distribution 15.3%; being fabless, it spreads production across TSMC (primary) and Powerchip/Hua Hong (secondary). Risks are concentration in a few Chinese OEMs and foundry-capacity dependence; upstream on the graph are foundries like TSMC and downstream are automotive and smartphone OEMs.","analysis_asof":"2026-07-10"},"edges":[{"direction":"revenue","counterparty":"자동차 OEM·Tier1 (ADAS·자율주행 카메라)","counterparty_slug":null,"confidence":"high","metric":"auto_cis_share:~35%(2024,#1)","note":"자동차용 CIS 세계 1위. 2024년 온세미를 제치고 점유율 약 35%(약 8.2억달러) 확보, 차량용 CIS 매출 약 ¥59억(+29.9%). ADAS·자율주행 카메라가 스마트폰에 이은 제2 성장축.","note_en":"World's #1 automotive CIS supplier. Surpassed Onsemi in 2024 with ~35% share (~US$820M); automotive CIS revenue ~CN¥5.9B (+29.9%). ADAS/autonomous-driving cameras are the second growth pillar after smartphones.","sources":[{"stance":"confirms","publisher":"상하이 웨이얼반도체(윌세미)","publisher_en":"Shanghai Will Semiconductor","kind":"filing","lang":"zh","published_at":"2025-04-16","url":"https://file.finance.qq.com/finance/hs/pdf/2025/04/16/1223100967.PDF","title":"상하이 웨이얼반도체 2024년 연차보고서(요약)","title_en":"Shanghai Will Semiconductor 2024 Annual Report (Summary)","excerpt":"2024년 이미지센서 솔루션 매출 191.9억위안, 주영업수익의 74.76%로 전년비 23.52% 증가.","excerpt_en":"2024 image-sensor solutions revenue RMB19.19B, 74.76% of main-business revenue, +23.52% YoY."},{"stance":"confirms","publisher":"CMB International","publisher_en":"CMB International","kind":"research","lang":"en","published_at":"2025-01-01","url":"https://hk-official.cmbi.info/upload/2cb69ddc-4b34-4d3e-b109-4d88d1b7a9b7.pdf","title":"CMBI 반도체 — CIS 섹터 리포트","title_en":"CMBI Semiconductors — CIS Sector","excerpt":"옴니비전이 2024년 온세미를 제치고 자동차 CIS 1위(점유율 약 35%, 약 8.2억달러), 2021-24년 차량용 CIS 매출 CAGR 37%.","excerpt_en":"OmniVision surpassed Onsemi in 2024 to lead automotive CIS (~35% share, ~US$820M); automotive CIS revenue grew at 37% CAGR 2021-24."}]},{"direction":"revenue","counterparty":"반도체 유통(대리) 고객","counterparty_slug":null,"confidence":"high","metric":"distribution_rev:¥39.4B(15.3%)","note":"반도체 유통(대리 판매) 사업. FY2024 매출 ¥39.4억으로 주영업수익의 15.3% 차지, 설계 사업과 별도의 안정적 매출원.","note_en":"Semiconductor distribution (agency) business. FY2024 revenue CN¥3.94B, 15.3% of main-business revenue, a stable stream separate from the design business.","sources":[{"stance":"confirms","publisher":"차이롄서(재련사)","publisher_en":"CLS","kind":"news","lang":"zh","published_at":"2025-04-30","url":"https://www.cls.cn/detail/2020248","title":"윌세미(603501) 1Q25 매출 64.72억위안·순익 8.66억(고성장 지속·고급 CIS)","title_en":"Will Semi (603501) Q1 2025 revenue RMB 6.47bn, net profit RMB 866M (high-end CIS growth)","excerpt":"윌세미 1Q25 매출 64.72억위안(+14.7%)·순익 8.66억(+55%), 고급 CIS 국산 고급폰 채택","excerpt_en":"Will Semi Q1 2025 revenue RMB 6.47bn (+14.7%), net profit RMB 866M (+55%); high-end CIS in premium domestic phones"},{"stance":"confirms","publisher":"상하이 웨이얼반도체(윌세미)","publisher_en":"Shanghai Will Semiconductor","kind":"filing","lang":"zh","published_at":"2025-04-16","url":"https://file.finance.qq.com/finance/hs/pdf/2025/04/16/1223100967.PDF","title":"상하이 웨이얼반도체 2024년 연차보고서(요약)","title_en":"Shanghai Will Semiconductor 2024 Annual Report (Summary)","excerpt":"반도체 대리 판매(유통) 사업 매출 39.39억위안, 주영업수익의 15.34%.","excerpt_en":"Semiconductor agency (distribution) revenue RMB3.939B, 15.34% of main-business revenue."}]},{"direction":"cost","counterparty":"TSMC","counterparty_slug":"tsmc","confidence":"high","metric":"primary_foundry","note":"팹리스 설계사로 CIS 웨이퍼 위탁생산의 1차 파운드리가 TSMC. 고성능 BSI·스택형 센서 물량을 TSMC에 위탁.","note_en":"As a fabless designer, TSMC is its primary foundry for CIS wafer fabrication; high-performance BSI/stacked sensors are outsourced to TSMC.","sources":[{"stance":"mentions","publisher":"상하이 웨이얼반도체(윌세미)","publisher_en":"Shanghai Will Semiconductor","kind":"filing","lang":"zh","published_at":"2025-04-16","url":"https://file.finance.qq.com/finance/hs/pdf/2025/04/16/1223100967.PDF","title":"상하이 웨이얼반도체 2024년 연차보고서(요약)","title_en":"Shanghai Will Semiconductor 2024 Annual Report (Summary)","excerpt":"자체 생산라인 없이 위탁생산(委外代工)에 의존하는 팹리스 반도체 설계사.","excerpt_en":"A fabless semiconductor designer relying on outsourced (委外代工) wafer fabrication with no in-house fab."},{"stance":"confirms","publisher":"CMB International","publisher_en":"CMB International","kind":"research","lang":"en","published_at":"2025-01-01","url":"https://hk-official.cmbi.info/upload/2cb69ddc-4b34-4d3e-b109-4d88d1b7a9b7.pdf","title":"CMBI 반도체 — CIS 섹터 리포트","title_en":"CMBI Semiconductors — CIS Sector","excerpt":"팹리스 모델로 웨이퍼 위탁생산 의존. TSMC가 옴니비전의 핵심 파운드리 파트너.","excerpt_en":"Fabless model reliant on outsourced wafer fabrication; TSMC is OmniVision's key foundry partner."}]},{"direction":"revenue","counterparty":"샤오미","counterparty_slug":"xiaomi","confidence":"mid","metric":"smartphone_hires_cis","note":"고화소 스마트폰 CIS 공급. OV50 계열(OV50H 등) 5,000만 화소 센서가 샤오미·아너·비보 등 중국 주요 OEM에 채택. 프리미엄 소켓 진입으로 ASP 상향.","note_en":"Supplies high-resolution smartphone CIS. Its 50MP OV50 family (e.g., OV50H) is adopted by Xiaomi, Honor, vivo and other major Chinese OEMs; premium-socket wins lift ASP.","sources":[{"stance":"confirms","publisher":"한국경제","publisher_en":"Korea Economic Daily","kind":"news","lang":"ko","published_at":"2025-07-13","url":"https://www.hankyung.com/article/2025071352391","title":"삼성, 中에 나노프리즘 이미지센서 첫 공급…36조 시장 정조준","title_en":"Samsung supplies nanoprism sensor to China; OmniVision share rises to 11.9% in 2024","excerpt":"옴니비전의 CIS 점유율은 2023년 10.9%에서 2024년 11.9%로 상승(소니 51.6%·삼성 15.4%에 이은 3위). OV50H 등 저가 고성능 제품이 중국 제조사에 대거 채택.","excerpt_en":"OmniVision's CIS share rose from 10.9% (2023) to 11.9% (2024), #3 behind Sony (51.6%) and Samsung (15.4%); cost-effective high-performance parts like OV50H widely adopted by Chinese OEMs."},{"stance":"confirms","publisher":"상하이 웨이얼반도체(윌세미)","publisher_en":"Shanghai Will Semiconductor","kind":"filing","lang":"zh","published_at":"2025-04-16","url":"https://file.finance.qq.com/finance/hs/pdf/2025/04/16/1223100967.PDF","title":"상하이 웨이얼반도체 2024년 연차보고서(요약)","title_en":"Shanghai Will Semiconductor 2024 Annual Report (Summary)","excerpt":"반도체 설계 제품 매출 216.4억위안(주영업수익 84.3%)으로 스마트폰 고화소·차량용 CIS 성장이 견인.","excerpt_en":"Semiconductor-design product revenue RMB21.64B (84.3% of main business), driven by high-res smartphone and automotive CIS growth."}]},{"direction":"cost","counterparty":"파운드리(파워칩·화홍 등)","counterparty_slug":null,"confidence":"mid","metric":"confirmed_no_disclosed_value","note":"2차 파운드리로 파워칩(PSMC)·화홍(HHGrace) 등 활용. 공급 안정화·원가 분산을 위한 복수 위탁생산 구조.","note_en":"Uses Powerchip (PSMC) and Hua Hong (HHGrace) as second-source foundries, a multi-foundry structure for supply stability and cost diversification.","sources":[{"stance":"mentions","publisher":"동방재부증권","publisher_en":"East Money Securities","kind":"research","lang":"zh","published_at":"2025-05-06","url":"https://pdf.dfcfw.com/pdf/H3_AP202505071669038515_1.pdf","title":"웨이얼반도체(603501) 증권 리서치 — 优于大市(비중확대)","title_en":"Will Semiconductor (603501) Equity Research — Outperform","excerpt":"증권 리서치는 복수 파운드리 위탁 구조와 원가·공급 안정성을 커버(투자의견 优于大市/비중확대).","excerpt_en":"Equity research covers the multi-foundry outsourcing structure and cost/supply stability (rating: Outperform)."},{"stance":"mentions","publisher":"상하이 웨이얼반도체(윌세미)","publisher_en":"Shanghai Will Semiconductor","kind":"filing","lang":"zh","published_at":"2025-04-16","url":"https://file.finance.qq.com/finance/hs/pdf/2025/04/16/1223100967.PDF","title":"상하이 웨이얼반도체 2024년 연차보고서(요약)","title_en":"Shanghai Will Semiconductor 2024 Annual Report (Summary)","excerpt":"웨이퍼 위탁생산을 복수 파운드리로 분산하는 조달 구조.","excerpt_en":"Procurement structure spreading wafer fabrication across multiple foundries."}]}]}