EM Microelectronic (Swatch Group)

Confirmed wholly-owned operating company of The Swatch Group since 1985, part of the Electronic Systems segment with Renata and Micro Crystal (emmicroelectronic.com/about, re-checked 2026-09-16; prior swatchgroup.com citation had gone dead); no separately disclosed ownership percentage found — no Swatch Group dossier exists yet in this corpus to set parent_slug against, and no GLEIF LEI record found under EM Microelectronic-Marin SA or EM Microelectronic.

Every exposure is read as a buyer dependency; the top 1 are its binding chokepoints.

As a buyer, policy pressure across its consumed materials is rising.

Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.

No actions in the register have named or swept this company in the last 24 months.