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603650.SS

Red Avenue New Materials Group — AI supply-chain exposure

Red Avenue New Materials Group · 603650.SS· Materials· China· $8B mkt cap
The quick read

The model reads Red Avenue New Materials Group primarily as a producer in Chips.

17
Chain weight /100
1
Parts exposed
1
Layers spanned
5
Close peers
Red Avenue New Materials Group across the stack
Chips

The structural read · model-generated

The model reads Red Avenue New Materials Group primarily as a producer in Chips.

In depth · editorial + model · written 2026-07-13

Red Avenue New Materials is a Chinese specialty-chemicals group whose electronic-materials arm, Beijing Kehua, ranks among the leading domestic suppliers of KrF and ArF photoresists — the light-sensitive coatings that let lithography pattern circuits onto a wafer. It sits in the process-chemicals layer of the chain, a link long dominated by a handful of Japanese incumbents. The structural hook is substitution: as Chinese fabs seek home-grown resist to reduce reliance on foreign supply, a qualified domestic maker gains rare leverage in a material that is notoriously hard to crack and slow to approve.

Chain footprint by layer

Chips
100%

How it participates

Producer
100%

Every part Red Avenue New Materials Group touches

Critical materials it leans on

Hydrofluoric acid / anhydrous HFHexafluoro-1,3-butadiene (C4F6)Silane (SiH4)Electronic-grade hydrogen peroxideFluorspar (acid-grade fluorite)

Geographic concentration

Japan

Frequently asked

What is Red Avenue New Materials Group's role in the AI supply chain?

The model reads Red Avenue New Materials Group primarily as a producer in Chips.

Which parts of the AI value chain is Red Avenue New Materials Group exposed to?

Red Avenue New Materials Group is mapped to 1 part of the AI value chain, most strongly Process chemicals & gases. It sits primarily in the Chips layer as a producer.

Does Red Avenue New Materials Group own an AI bottleneck?

Not in the current model — Red Avenue New Materials Group is exposed to constrained parts but sits downstream of them rather than producing them.

Who are Red Avenue New Materials Group's closest peers by AI-chain position?

By shared chain dependencies: JSR Corporation, Tokyo Ohka Kogyo, Sumitomo Chemical, Nippon Sanso Holdings (Taiyo Nippon Sanso).

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model v0.7.0 · research, not advice

Chain analytics are illustrative, order-of-magnitude estimates from our model of the AI value chain — not investment advice. Market cap sourced 2026-07-04.

as of 2026-07-17Medium confidence model v0.7.0
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