Murata Announces 2.188 Billion Yuan Investment in MLCC Materials Plant in Wuxi
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Update time : 2022-11-08 17:26:02
On November 7, Murata announced that its China-based subsidiary, Wuxi Murata Electronics Co. The new plant is expected to be completed by the end of April 2024, with a total investment of about 44.5 billion yen (about RMB 2.188 billion).
Murata said that it is optimistic about the increase in demand for MLCC in the medium and long term. The investment in the new plant is to build a production system that can cope with the growth in demand for MLCCs in the medium and long term.
According to public information, Murata is the world's leading MLCC manufacturer, occupying 40% of the global market share, and plans to increase production of MLCC at a rate of 10% per year.
Although the current demand for MLCCs for smartphones is slowing down, in the medium to long term, the popularity of electric vehicles (EVs) and 5G smartphones will push up the demand for MLCCs, which has led Murata to decide to build the new MLCC material plant mentioned above. In terms of investment in a single piece of equipment, Murata's investment in the new plant is the largest in history.
According to the report, a 5G smartphone is equipped with about 1,000 MLCCs, a car requires about 3,000 MLCCs, and an electric car supporting Level 3 self-driving technology requires more than 10,000 MLCCs. According to Global Information, the MLCC market is expected to grow at a rate of more than 10 percent per year, and is expected to grow from $14 billion in 2022 to $26.6 billion in 2027.
