MRAAY - Passive Components: Structural Supply Shortage To Intensify
Major issues and conclusions
MLCC prices up over 20% in 2017; MLCC price strength to continue into 2019.
With automotive MCU’s migration into the 28nm process, demand for high-capacitance, ultra-small MLCCs to pick up in earnest.
- Top four MLCC makers’ MLCC capacity to grow 13.1% YoY to 306.6bn units/month and 3.7tn units/year in 2018.
Industry and stock outlook
Even with the increased capacity, supply to remain tight because of soaring demand from automotive electronics, smartphones, industrials, and cryptocurrency mining.
Murata’s (OTCPK:MRAAY) sluggish stock performance has to do with a communication module margin squeeze;