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Murata Manufacturing Co., Ltd.

Murata Manufacturing Co., Ltd. develops, manufactures, and sells ceramic-based passive electronic components and solutions in Japan and internationally. It operates through three segments: Components, Devices & Modules, and Other. The company offers a wide range of products including capacitors, inductors, high frequency devices and communication modules, lithium-ion secondary batteries, sensors, antennas, baluns, and batteries. It also provides Femtet CAE software, connectors, couplers, filters, front-end modules, ionizers, micro mechatronics, watch batteries, noise suppression products, optical devices, phase shifters, power products, printed circuit products, resistors, RF switches, RFID products, sound components, thermistors, timing devices, and transformers. These products serve applications in communications equipment, mobility, data center and enterprise computing, industrial, wellness, personal electronics, and environment/energy. Founded in 1944, the company is headquartered in Nagaokakyo, Japan.

Price · split & dividend adjusted

Why is Murata Manufacturing Co., Ltd. (6981.JP) moving?

Latest
▲3▼1

AI server demand and price hikes drive Murata's profit upgrade

  • AI server demand lifts orders and profit forecast Murata raised its full-year net profit forecast to 338 billion yen, up 44.5%, on strong AI data center demand. Its MLCC orders jumped 85.5% year-on-year, and revenue rose 20.7%. This directly boosts profit expectations and supports a higher stock price.

    This is the core new event showing how AI demand translates into higher earnings for Murata.

  • MLCC price increases boost margins Murata led price hikes of 15-35% for AI server and high-end automotive MLCCs. Competitors followed with 30% increases. Higher prices mean more profit per unit sold, directly lifting Murata's earnings and stock price.

    Pricing power is a key driver of profitability and shows the upcycle is real.

  • Capacity expansion to capture growing demand Murata plans to invest 250 billion yen to expand server MLCC production capacity, adding 80 billion yen specifically for this. This positions the company to meet surging AI demand and grow future revenue, supporting the stock.

    Capacity investment signals confidence in sustained demand and future growth.

  • Tech selloff and geopolitical tensions hit chip stocks A global tech selloff and U.S.-Iran tensions caused the Nikkei to drop 4%, with Murata among major decliners. Such market-wide fears can temporarily push Murata's stock down, even if its business fundamentals remain strong.

    This is a real counterweight showing external risks that can pressure the stock.

Q3 2026
▲3▼1

AI server demand and price hikes drive Murata's profit upgrade

  • AI server demand lifts orders and profit forecast Murata raised its full-year net profit forecast to 338 billion yen, up 44.5%, on strong AI data center demand. Its MLCC orders jumped 85.5% year-on-year, and revenue rose 20.7%. This directly boosts profit expectations and supports a higher stock price.

    This is the core new event showing how AI demand translates into higher earnings for Murata.

  • MLCC price increases boost margins Murata led price hikes of 15-35% for AI server and high-end automotive MLCCs. Competitors followed with 30% increases. Higher prices mean more profit per unit sold, directly lifting Murata's earnings and stock price.

    Pricing power is a key driver of profitability and shows the upcycle is real.

  • Capacity expansion to capture growing demand Murata plans to invest 250 billion yen to expand server MLCC production capacity, adding 80 billion yen specifically for this. This positions the company to meet surging AI demand and grow future revenue, supporting the stock.

    Capacity investment signals confidence in sustained demand and future growth.

  • Tech selloff and geopolitical tensions hit chip stocks A global tech selloff and U.S.-Iran tensions caused the Nikkei to drop 4%, with Murata among major decliners. Such market-wide fears can temporarily push Murata's stock down, even if its business fundamentals remain strong.

    This is a real counterweight showing external risks that can pressure the stock.

News & notes moving 6981.JP
JapanUnited StatesSouth Korea
6981.JP▲

Murata Begins Mass Production of World's Smallest Three-Terminal MLCCs

Murata Manufacturing began mass production on Wednesday of the world's smallest three-terminal multilayer ceramic capacitors, a move aimed at enhancing power supply stability in compact devices. Murata shares were a standout in the market, rising 7.9% to end trading at ¥8,471. Elsewhere, SK Innovation lagged, falling 6.5% to finish the session at ₩139,200. Tesla settled at $354.81, up 0.6%, after entering new credit agreements this week totaling $30 billion, including a $20 billion term loan and two revolving facilities for general corporate purposes. GE Vernova ended the day at $950.49, down 1.2%, and announced a $0.50 per share quarterly dividend for Q4 2026, while Vistra finished at $138.35, down 1.8% and close to its 52-week low, after opposing PJM's IRAS proposal as discriminatory and legally flawed.
6981.JP · Technology · Positive Murata began mass production of the world's smallest three-terminal MLCCs, a product/R&D development, with shares up 7.9%.
VST · Regulation · Negative Vistra opposed PJM's IRAS proposal as discriminatory and legally flawed, a regulatory fight, with shares near a 52-week low.
TSLA · Capital · Neutral Tesla entered new credit agreements totaling $30 billion, including a $20 billion term loan and two revolving facilities.
GEV · Capital · Neutral GE Vernova announced a $0.50/share quarterly dividend for Q4 2026, a capital-return event, while shares fell 1.2%.
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Simply Wall St·5dRead more →
Japan
Semiconductors▲

Murata Starts Mass Production of World's Smallest 0201-Inch Three-Terminal Low-ESL MLCCs

Murata Manufacturing has begun mass production of the LLD series, which it calls the world's smallest three-terminal low-equivalent series inductance multilayer ceramic capacitors. The new parts measure just 0201-inch size, or 0.6 by 0.3 millimeters, cutting mounting area by approximately 64 percent compared with Murata's previous smallest 0402-inch size of 1.0 by 0.5 millimeters. Murata said it overcame the difficulty of miniaturizing three-terminal capacitors, whose internal and external electrode structures are more complex than conventional two-terminal types, by optimizing the electrode design and advancing its manufacturing processes. Two models are available: the LLD033R60G105ME01 with 1 microfarad capacitance, 4 Vdc rated voltage and an operating temperature range of -55 to +85 degrees Celsius, and the LLD033D80E105ME01 with 1 microfarad capacitance, 2.5 Vdc rated voltage and a range of -55 to +105 degrees Celsius. The company said the smaller footprint frees up printed circuit board space in compact devices such as smartphones and wearables while stabilizing power supply voltage near ICs at high frequencies.
About megatrends
Semiconductors › Passive Components (MLCC, Capacitors, Inductors) ▲Technology
Semiconductors › Interconnect & Passive Components ▲Technology
6981.JP · Technology · Positive Murata began mass production of the world's smallest 0201-inch three-terminal low-ESL MLCCs, a new product/R&D milestone.
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Business Wire·6dRead more →
Japan
Semiconductors▼

TDK and Taiyo Yuden Form Business Alliance in Cutting-Edge Electronic Components, Shares Surge

TDK and Taiyo Yuden announced on the 29th that they will form a business alliance for the joint development of cutting-edge electronic components, sending both companies' share prices sharply higher. TDK's stock rose as much as 5.0% from the previous day to 3,066 yen, while Taiyo Yuden climbed as much as 9.1% to 9,955 yen. With demand growing for multilayer ceramic capacitors and other components for data centers and physical AI, the two companies will pool their technology and management resources to build a stable supply system, and will also explore the possibility of a future capital alliance. As the pairing brings together two Kanto-based companies, some see it as a counterweight to Murata Manufacturing of Kansai, and IwaiCosmo Securities senior analyst Kazuyoshi Saito noted, "It could become a force capable of rivaling Murata Manufacturing, and the east-versus-west rivalry will become clearer." In the MLCC field, Taiyo Yuden is said to be strong in small, high-performance types for package substrates used in data centers, while TDK is strong in components for power semiconductors.
About megatrends
Semiconductors › Passive Components (MLCC, Capacitors, Inductors) ▲Competition
Semiconductors › Interconnect & Passive Components ▲Competition
6762.JP · Technology · Positive TDK forms alliance with Taiyo Yuden for joint development of cutting-edge electronic components, pooling technology and management resources.
6976.JP · Technology · Positive Taiyo Yuden forms alliance with TDK to jointly develop cutting-edge electronic components, pooling technology and management resources.
6981.JP · Competition · Negative The TDK-Taiyo Yuden alliance is seen as a counterweight capable of rivaling Murata Manufacturing, sharpening east-versus-west competition.
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ロイター·6dRead more →
JapanChina
Semiconductors3

Murata Manufacturing announces discontinuation of some MLCC products; Fenghua Advanced Technology hits daily limit in afternoon trading with turnover near 10 billion yuan

MLCC leader Murata Manufacturing has officially issued a notice announcing a product line optimization starting in fiscal year 2026, under which it will discontinue some MLCC products and expand other capacity. The discontinuation covers specific part numbers in consumer-grade standard series and automotive specification series. Affected by the news, the MLCC concept rallied again on the afternoon of September 11, with Yunzhong Technology up more than 18 percent. Earlier, Shuangxing New Materials hit the daily limit, and Hongming Electronics, Torch Electron, Sinocera Materials, and Three Ring Group surged quickly. Among them, Fenghua Advanced Technology rose rapidly in the afternoon to hit the daily limit, closing at 55.99 yuan per share, with turnover of nearly 10 billion yuan and a latest market value of about 64.25 billion yuan. On the earnings front, Fenghua Advanced Technology's 2026 semi-annual report showed that the company achieved operating revenue of 3.5 billion yuan in the first half of the year, up 26.28 percent year on year, and net profit attributable to the parent of 290 million yuan, up 74.01 percent year on year. Net profit attributable to the parent after deducting non-recurring items was 288 million yuan, up 68.84 percent year on year. In terms of industry supply and demand, since 2026, accelerated construction of AI computing power servers, rising penetration of new energy vehicles, and recovering consumer electronics demand have jointly driven continued growth in demand for passive components such as MLCCs, chip resistors, and inductors. Global MLCC leaders have raised prices one after another. Murata Manufacturing announced it would raise prices of high-end MLCCs by 15 to 35 percent, and Samsung Electro-Mechanics announced a uniform 30 percent increase in shipment prices for all MLCC categories starting August 1. In addition, on September 1, Samsung Electro-Mechanics announced that it had signed an MLCC supply contract worth 1.07 trillion Korean won with a well-known global customer. The products are for AI servers, with a supply period covering all of 2027, and the contract amount accounts for 21 percent of the annual revenue of Samsung Electro-Mechanics' MLCC business division.
About megatrends
Semiconductors › Passive Components (MLCC, Capacitors, Inductors) ▲Supply
6981.JP · Supply · Neutral Murata is discontinuing some consumer/automotive MLCC part numbers and expanding other capacity, a product-line optimization that is the subject of the story.
000636.CS · Demand · Positive Murata discontinuing some MLCC products shifts demand to peers like Fenghua, whose shares hit the daily limit; H1 revenue +26% and net profit +74% also reflect strong MLCC demand.
009150.KO · Pricing · Positive Samsung Electro-Mechanics announced a uniform 30% price increase on MLCCs, cited as part of the industry-wide price hikes.
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市场行情·25dRead more →
ThailandJapan
Electrification & Mobility▲

BOI Confirms Japan's Continued Investment in Thailand, 328.7 Billion Baht in First Half

The Board of Investment (BOI) has revealed that Japan remains a key investment partner for Thailand. In 2025, Japanese investors applied for investment promotion for 302 projects with a total value exceeding 113.7 billion baht, more than doubling from the previous year. In the first half of 2026, there were 123 projects worth 32.79 billion baht, reflecting that Thailand remains an important investment base for Japan, particularly for investments aimed at upgrading technology and increasing production efficiency to support the transition of global industries. BOI Secretary-General Narit Therdsteerasukdi stated that Japanese investment is entering a new cycle, building on existing production bases to develop high-value products. For instance, Isuzu is investing over 15 billion baht to upgrade its pickup truck production base, Mazda is investing 7.4 billion baht to produce new hybrid models, Mitsubishi has announced an additional investment of 16 billion baht by 2030, and Honda plans to invest 12 billion baht by 2029 to produce two new car models. This makes Thailand the only country outside Japan to produce a total of eight car models. Meanwhile, the automotive supply chain is shifting towards EV and hybrid components, such as Astemo investing 3.5 billion baht to produce PCU inverters and Aisin investing in hybrid transmission systems. The electronics sector is also expanding into advanced components, with Murata producing MLCCs and Panasonic producing upstream materials for circuit boards. The new factory will be the first production base for MEGTRON materials in ASEAN to support AI. Additionally, there are investments in aviation and agri-food, such as NMB-Minebea investing over 2.6 billion baht to open an aircraft parts factory in Lopburi, and Toyo Saikan investing 2.47 billion baht to produce plant-based beverages. A survey by the Japanese Chamber of Commerce (JCC) indicates that 23% of Japanese companies plan to increase their investment in Thailand in 2026, while 48% will maintain their current investment levels. The BOI also supports the establishment of regional offices in Thailand, with over 40% currently coming from Japan.
About megatrends
Electrification & Mobility › Western / Legacy & Pure-play OEMs ▲Capital
Electrification & Mobility › Passenger EV OEMs (BEV / PHEV) Competition
Electrification & Mobility › EV Powertrain & Power Electronics ▲Supply
7202.JP · Capital · Positive Isuzu is investing over 15 billion baht to upgrade its pickup truck production base in Thailand.
7261.JP · Capital · Positive Mazda is investing 7.4 billion baht to produce new hybrid models in Thailand.
7267.JP · Capital · Positive Honda plans to invest 12 billion baht by 2029 to produce two new car models in Thailand.
6752.JP · Capital · Positive Panasonic is investing in a new factory producing MEGTRON circuit-board materials, the first such base in ASEAN to support AI.
7259.JP · Capital · Positive Aisin is investing in hybrid transmission systems in Thailand as part of the new investment cycle.
Astemo, Ltd. · Capital · Positive Astemo is investing 3.5 billion baht to produce PCU inverters in Thailand.
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eFinanceThai·29dRead more →
United StatesJapan
6981.JP▲

Apple to Hold New Product Launch Event on September 9

According to the Nikkei, Apple announced on the 26th that it will hold a new product launch event at 2 a.m. Japan time on September 10 (10 a.m. Pacific Time on September 9). The report suggests that the company is expected to unveil its first foldable model of its flagship smartphone, the iPhone. In response, Apple-related companies such as Murata Manufacturing, TDK, Taiyo Yuden, and Nitto Denko are likely to attract attention.
AAPL · Technology · Positive Apple to hold launch event expected to unveil first foldable iPhone.
6762.JP · Demand · Positive Apple-related company likely to attract attention from new iPhone launch.
6976.JP · Demand · Positive Apple-related company likely to attract attention from new iPhone launch.
6981.JP · Demand · Positive Apple-related company likely to attract attention from new iPhone launch.
6988.JP · Demand · Positive Apple-related company likely to attract attention from new iPhone launch.
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フィスコ·40dRead more →
United StatesJapanSouth Korea
Artificial Intelligence▲

Defiance ETFs Launches CAPA, First U.S.-listed Capacitor ETF

Defiance ETFs has launched the Defiance AI Capacitors Leaders ETF (Cboe: CAPA), the first U.S.-listed ETF targeting the capacitor supply chain powering AI infrastructure. The fund tracks the BITA AI Capacitors Leaders Index, which holds companies deriving at least 50 percent of revenue from advanced capacitors and passive components used in AI servers, accelerators, and data centers. Top holdings include TDK Corp at 23.0 percent, Samsung Electro-Mechanics at 20.2 percent, and Murata Manufacturing at 18.3 percent. Industry reporting cited by Defiance indicates a single AI server built on Nvidia's GB300 platform can require roughly 30,000 multilayer ceramic capacitors, and Murata expects MLCC shipments into AI servers to grow about 30 percent annually through 2030. Defiance CIO Sylvia Jablonski said the market has spent three years pricing the chips, while CAPA focuses on what powers them, as rack power architectures move from 12 volts to 48 and even 800 volts.
About megatrends
Energy Transition & Power Demand › Grid, Transmission & Power Equipment ▲Demand
Semiconductors › Passive Components (MLCC, Capacitors, Inductors) ▲Demand
Artificial Intelligence › AI Power & Cooling ▲Demand
Defiance ETFs · Capital · Positive Defiance ETFs launches the first U.S.-listed capacitor ETF, a new product offering.
009150.KO · Demand · Positive Samsung Electro-Mechanics is a top holding, with AI server capacitor demand driving growth.
6762.JP · Demand · Positive TDK is a top holding in the new ETF, benefiting from increased demand for capacitors in AI infrastructure.
6981.JP · Demand · Positive Murata is a top holding and expects MLCC shipments into AI servers to grow 30% annually through 2030.
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GlobeNewswire·41dRead more →
ChinaJapanSouth Korea
Semiconductors▲impact 4

MLCC supercycle continues to unfold, Sinocera Materials surges over 10%

On the afternoon of August 21, the MLCC concept rebounded in volatile trading, with Sinocera Materials rising more than 10%, and Sidike, Torch Electron, Boqian New Materials, Three-Circle Group, Fenghua Advanced Technology and other stocks among the top gainers. Behind the market action is the sustained price increase in the MLCC spot market that began in June 2026. As of August 2026, spot prices for ordinary standard products have risen more than 20%, while high-capacitance products such as 10 microfarad and 20 microfarad types used in AI servers have seen average increases of 60% to 80%, and some special models have doubled in price. Overseas leaders' earnings further confirm incremental AI computing demand. Murata's revenue in the second quarter of 2026 was 502.3 billion yen, up 20.7% year on year, and operating profit was 98.85 billion yen, up 59.8% year on year, with both revenue and profit setting record highs for a second quarter. Its MLCC business revenue was 282.508 billion yen, up 30% year on year, with orders in hand up 49.4% quarter on quarter and new orders up 85.5% year on year. Murata raised its full-year revenue guidance for fiscal 2026 to 2.11 trillion yen, an upward revision of 7.7% from its previous forecast, and added 80 billion yen specifically for expanding server MLCC production capacity. Samsung Electro-Mechanics reported second-quarter revenue of about 3.46 trillion won, up 24.2% year on year and a record quarterly high, with operating profit of 440.4 billion won, up 106.7% year on year. Institutions broadly expect this cycle to persist. Sealand Securities believes the shortage is spreading to consumer products, and the supply-demand gap for high-capacitance MLCCs may widen further in 2027. GF Securities notes that the current MLCC industry cycle is still in the early stage of an upcycle, and there may still be considerable room for price and profit elasticity to play out.
About megatrends
Semiconductors › Passive Components (MLCC, Capacitors, Inductors) ▲Pricing
Artificial Intelligence › AI Compute & Accelerator Silicon ▲Demand
009150.KO · Demand · Positive Samsung Electro-Mechanics reported record Q2 revenue and operating profit up 106.7% YoY, driven by MLCC demand.
300285.CS · Demand · Positive MLCC spot price surge and AI server demand drive Sinocera's stock up over 10%
6981.JP · Demand · Positive Murata's MLCC revenue up 30% YoY, orders up 85.5% YoY, and raised FY guidance due to AI server demand.
000636.CS · Demand · Positive MLCC price increases and AI demand benefit Fenghua as a top gainer
300408.CS · Demand · Positive MLCC price increases and AI demand benefit Three-Circle as a top gainer
300806.CS · Demand · Positive MLCC price increases and AI demand benefit Sidike as a top gainer
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21世纪经济·46dRead more →
Semiconductors▲impact 4

MLCC price hike wave escalates, A-share concept sector surges nearly 5%, Bojay Electronics and other stocks hit daily limit

The A-share MLCC concept sector remained active in the afternoon of August 4, closing with an overall gain of 4.9%, as Bojay Electronics and Dongcai Technology hit their daily limit. In terms of news, leading Japanese and Korean manufacturers such as Murata, Samsung Electro-Mechanics, and Taiyo Yuden have successively raised prices for high-end, high-capacitance MLCCs used in AI servers and automotive-grade applications, with increases ranging from 15% to 30%. Several companies have acknowledged that delivery lead times for high-end products continue to lengthen, and production capacity can no longer fully meet customers' incremental demand. Samsung Electro-Mechanics will raise the shipment prices of all its MLCC categories by 30% starting August 1, 2026. Taiyo Yuden will adjust prices for some products from September 1. Murata Manufacturing took the lead as early as the end of March, raising prices for AI server and high-end automotive-grade MLCCs by 15% to 35%. The latest financial reports from leading manufacturers confirm this upcycle. Murata Manufacturing's revenue for the first quarter of fiscal 2026 reached 502.3 billion yen, up 20.7% year-on-year, with operating profit of 98.5 billion yen, up 59.8% year-on-year, and its capacitor segment revenue of 282.5 billion yen, up 30% year-on-year. Samsung Electro-Mechanics' sales revenue for the second quarter of 2026 was 3.4572 trillion won, up 24% year-on-year, and operating profit was 440.4 billion won, up 107% year-on-year. Multiple brokerages believe that the explosive growth in AI computing demand is the core driver. A Goldman Sachs research report shows that the AI server MLCC market is expanding rapidly at a compound annual growth rate of around 80%, with high-end MLCC supply and demand remaining tight, and the industry has entered a new cycle of rising prosperity.
About megatrends
Semiconductors › Passive Components (MLCC, Capacitors, Inductors) ▲Pricing
009150.KO · Pricing · Positive Samsung Electro-Mechanics will raise all MLCC shipment prices by 30% from August 1, 2026, boosting margins.
6976.JP · Pricing · Positive Taiyo Yuden raises prices for some MLCC products from September 1, directly benefiting its revenue.
6981.JP · Pricing · Positive Murata raised AI server and automotive MLCC prices by 15-35%, with strong Q1 results confirming upcycle.
002975.CS · Demand · Positive MLCC price hikes and tight supply boost Bojay Electronics, a domestic MLCC maker, as sector surges.
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21世纪经济·63dRead more →
Semiconductors▲

Murata Manufacturing raises full-year net profit forecast to 338 billion yen on strong data center demand

Murata Manufacturing announced on the 31st that it now expects consolidated net profit for the fiscal year ending March 2027 to rise 44.5 percent year-on-year to 338 billion yen, revising its previous forecast of 293 billion yen upward. Growing demand for electronic components related to AI data centers, along with the yen's depreciation, are contributing to the profit increase. The company raised its revenue forecast to 2.11 trillion yen, up 15.2 percent from the previous year, and its operating profit forecast to 430 billion yen, up 52.6 percent. The net profit forecast matched the average estimate of 19 analysts compiled by IBES.
About megatrends
Semiconductors › Passive Components (MLCC, Capacitors, Inductors) ▲Demand
Artificial Intelligence › AI Data Center & Build-out ▲Demand
6981.JP · Demand · Positive Strong data center demand for electronic components drives upward profit forecast revision.
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Reuters·67dRead more →
Artificial Intelligence▲impact 4

Samsung Electro-Mechanics Lands Consecutive AI Server MLCC Mega-Orders, Fenghua Advanced Technology Hits Limit Up

MLCC concept stocks saw a collective spike during the trading session on July 27, with Fenghua Advanced Technology hitting its daily limit up. On the news front, Samsung Electro-Mechanics recently announced it has signed a contract to supply MLCCs for AI servers with a major global company. The contract is valued at approximately 295.12 billion Korean won, or 204 million US dollars, with the supply period covering the full year of 2027. This marks the second consecutive month that Samsung Electro-Mechanics has secured such a large order. Previously, on June 30, it disclosed an AI server MLCC supply contract worth about 450 billion Korean won. The two orders total roughly 750 billion Korean won, or about 510 million US dollars. Industry insiders say such a dense cluster of large-scale, long-term MLCC supply contracts is relatively rare in the industry, reflecting tight supply and demand for high-end passive components used in AI servers. From an industry fundamentals perspective, MLCCs are in an upward price cycle, with high-capacitance products particularly in short supply. Prices have risen three to five times, and delivery lead times have lengthened. Murata Manufacturing plans to invest a total of 250 billion Japanese yen to expand production capacity for products seeing growing demand, such as those for servers. Samsung Electro-Mechanics also plans to build a new factory in the Philippines to expand its server-grade MLCC capacity. A report from the China Electronic Components Association shows that the global MLCC market is expected to reach approximately 134.1 billion yuan in 2026, a year-on-year increase of about 16.5 percent, with mainland Chinese MLCC manufacturers holding roughly 10.2 percent of the global share.
About megatrends
Artificial Intelligence › AI Data Center & Build-out ▲Supply
Semiconductors › Passive Components (MLCC, Capacitors, Inductors) ▲Supply
009150.KO · Demand · Positive Samsung Electro-Mechanics secured two consecutive mega-orders for AI server MLCCs totaling ~$510 million.
6981.JP · Supply · Positive Murata plans to invest 250 billion yen to expand production capacity for server MLCCs.
000636.CS · Demand · Positive MLCC concept stocks spiked; Fenghua hit limit up amid industry tight supply and rising prices.
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第一财经·71dRead more →
6981.JP▼impact 4

Asia stocks slip amid tech losses and Iran tensions, Nikkei leads losses

Most Asian stock markets fell on Friday, with Japan's Nikkei 225 sliding 4% to lead regional losses as technology shares extended a global selloff and investors remained cautious over escalating U.S.-Iran tensions. The broader TOPIX declined 2.6%, while heavyweight chip-related stocks such as Murata Mfg Co and Kioxia Holdings Corp were major decliners on the Nikkei. China's Shanghai Composite slipped 1.6% and the blue-chip Shanghai Shenzhen CSI 300 fell 2.5%, while Hong Kong's Hang Seng dipped 2%. South Korean markets were closed for a public holiday, and Australia's ASX 200 and Singapore's Straits Times index each edged 0.5% lower. India's Nifty 50 index rose 0.6% in early trade, bucking the regional trend. Brent crude and U.S. West Texas Intermediate futures were both on track for weekly gains of more than 10%, their biggest weekly advances since April, as the U.S. military carried out a sixth consecutive night of strikes on Iran, stoking supply disruption fears.
BRENT · Geopolitics · Positive U.S.-Iran tensions and strikes stoke supply disruption fears, driving Brent futures up over 10% weekly.
WTI · Geopolitics · Positive U.S.-Iran tensions and strikes stoke supply disruption fears, driving WTI futures up over 10% weekly.
285A.JP · Demand · Negative Tech selloff hits chip-related stocks; Kioxia is a heavyweight chip-related decliner on Nikkei.
6981.JP · Demand · Negative Tech selloff hits chip-related stocks; Murata is a heavyweight chip-related decliner on Nikkei.
2330.TW · Demand · Negative Tech selloff extends globally, impacting TSMC as a major chipmaker, though not explicitly named in article.
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Investing.com·81dRead more →
Semiconductors▲

World’s top share but the stock won’t rise? The trap in picking semiconductor stocks: degree of specialization and contribution

In the semiconductor value chain, Japanese companies hold overwhelming global shares in materials, back-end processes, and electronic components. But former institutional investor Ryosuke Izumida points out that for equity investment, it is essential to analyze the degree of specialization and contribution—assessing how much a company’s semiconductor-related business contributes to its overall performance. Shin-Etsu Chemical leads the world in silicon wafers, with SUMCO in second place. Tokyo Ohka Kogyo is number one in photoresists. Ajinomoto Build-up Film holds about 95 percent of the global market for insulation film. Murata Manufacturing commands roughly 70 percent of MLCCs for AI servers. Japanese firms boast high technical capabilities. However, at highly diversified companies like Mitsui Chemicals and Mitsubishi Electric, expanding semiconductor demand may have only a limited impact on overall earnings and stock prices. In contrast, highly specialized firms such as SUMCO and Tokyo Ohka Kogyo tend to reflect the industry’s strength more directly. Izumida stresses the importance of bottom-up research—digging into earnings reports and briefing materials to gauge the contribution of semiconductor and AI-related businesses.
About megatrends
Semiconductors › Materials & Specialty Chemicals Competition
Semiconductors › Passive Components (MLCC, Capacitors, Inductors) Competition
3436.JP · Demand · Positive SUMCO is the second-largest silicon wafer maker and highly specialized, directly benefiting from semiconductor demand.
4186.JP · Demand · Positive Tokyo Ohka Kogyo is the world's top photoresist maker, highly specialized, so semiconductor demand directly boosts its earnings.
6981.JP · Demand · Positive Murata holds ~70% of MLCCs for AI servers, a specialized semiconductor component, benefiting from AI demand.
2802.JP · Demand · Positive Ajinomoto's Build-up Film has ~95% global market share for insulation film, a specialized semiconductor material, benefiting from demand.
4063.JP · Demand · Neutral Shin-Etsu is the top silicon wafer maker but is highly diversified; semiconductor demand impact on overall earnings is limited.
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LIMO·85dRead more →
Artificial Intelligence▲impact 4

AI용 고사양 MLCC 수요 급증에 日·韓 3사 BB비율 팬데믹 이후 최고

AI 서버 플랫폼 업그레이드와 클라우드 서비스 제공업체들의 맞춤형 ASIC 생산 확대로 고사양 MLCC 수요가 급증하면서, 2026년 6월 말 기준 무라타, 삼성전기, 태양유덴의 BB비율이 각각 1.30, 1.31, 1.25를 기록해 코로나19 팬데믹 이후 최고치를 나타냈다. 무라타의 2026년 1분기 수주 잔고 비율은 1.27로 2018년 공급난 당시 최고치인 1.25를 넘어섰으며, MLCC 업계 전체 BB비율도 1.04까지 상승했다. AI용 고사양 MLCC 생산 집중으로 공급 쏠림이 자동차와 소비자용 시장으로 확산되면서 애플 공급망은 재고 확보를 예년보다 1~2개월 앞당겼고, 중국 유통업체들은 6월부터 소비자용 X5R 등급 MLCC 가격을 평균 15~25% 인상했다. TrendForce는 올해 하반기 엔비디아, 구글, AMD의 신규 AI 플랫폼 양산으로 고사양 MLCC 공급 부족이 심화될 것으로 전망하며, 4분기가 본격적인 공급난 진입 여부를 가늠할 분기점이 될 것이라고 분석했다.
About megatrends
Artificial Intelligence › HBM & AI Memory ▲Supply
Semiconductors › Passive Components (MLCC, Capacitors, Inductors) ▲Demand
Artificial Intelligence › AI Compute & Accelerator Silicon ▲Supply
Artificial Intelligence › Custom Silicon / ASIC ▲Demand
009150.KO · Demand · Positive AI용 고사양 MLCC 수요 급증으로 BB비율 1.31 기록, 팬데믹 이후 최고
6976.JP · Demand · Positive AI용 고사양 MLCC 수요 급증으로 BB비율 1.25 기록, 팬데믹 이후 최고
6981.JP · Demand · Positive AI용 고사양 MLCC 수요 급증으로 BB비율 1.30 기록, 팬데믹 이후 최고
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Semiconductors▲

Integrated Passive Devices Market to Reach USD 3.03 Billion by 2035 at 7.43% CAGR

The global Integrated Passive Devices market is projected to grow from USD 1.48 billion in 2025 to USD 3.03 billion by 2035, at a compound annual growth rate of 7.43 percent, according to a report by SNS Insider. The EMS and EMI protection application segment held the largest revenue share in 2025 at around 40 percent, while the automotive end-use segment accounted for nearly 45 percent of market revenues. Europe dominated the market with a roughly 40 percent revenue share in 2025, driven by a strong semiconductor industry and electric vehicle adoption, while Asia Pacific is expected to register the highest growth rate during the forecast period. Key players include Broadcom, Infineon Technologies, Murata Manufacturing, and STMicroelectronics.
About megatrends
Semiconductors › Analog, Power & Discrete ▲Demand
Electrification & Mobility › EV Power Semiconductors (SiC / IGBT) Technology
Semiconductors › Passive Components (MLCC, Capacitors, Inductors) ▲Demand
6981.JP · Demand · Positive Market growth forecast indicates increased demand for integrated passive devices, benefiting Murata as a key player.
AVGO · Demand · Positive Market growth forecast indicates increased demand for integrated passive devices, benefiting Broadcom as a key player.
IFX.XETRA · Demand · Positive Market growth forecast indicates increased demand for integrated passive devices, benefiting Infineon as a key player.
STMPA.PA · Demand · Positive Market growth forecast indicates increased demand for integrated passive devices, benefiting STMicroelectronics as a key player.
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GlobeNewswire·95dRead more →
6981.JP▲

Murata Expands Product Information Management API Service to Cover All 73 Product Categories

Murata Manufacturing has expanded its Product Information Management API Service to now cover all 73 product categories listed on its product database. Previously, the service only covered surface-mount and leaded ceramic capacitors and inductors, requiring users to manually retrieve and update information for other products. With this expansion, engineers, developers, and procurement specialists can automatically retrieve up-to-date specifications, status, S-parameters, and SPICE Netlists for a much wider range of products through their external systems. This enables prompt responses to product status changes, reduces the risk of component obsolescence, and supports greater efficiency in design, component selection, and procurement.
6981.JP · Technology · Positive Expanded API service to all 73 product categories, enabling automated data retrieval and improving design/procurement efficiency.
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Business Wire·103dRead more →
6981.JP▲

Murata Manufacturing Earnings Estimates Rise, Stock Earns Zacks Rank #2

Analysts are raising earnings estimates for Murata Manufacturing Inc., pushing the stock to a Zacks Rank #2, or Buy. The consensus estimate for the current quarter has increased 9.09% over the last 30 days to $0.12 per share, while the full-year estimate has risen 7.84% to $0.55 per share. Both increases reflect one upward revision with no negative revisions. Murata Manufacturing shares have gained 31.5% over the past four weeks, and the Zacks Rank model suggests the positive estimate revision trend could support further near-term price momentum.
6981.JP · Capital · Positive Analysts raising earnings estimates and Zacks Rank upgrade to Buy indicate positive financial/valuation outlook.
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Zacks Investment Research·104dRead more →