The wind has changed? The global passive component leader, MURATA (MURATA), recently released a conservative view on the economy, and the domestic MLCC duo also decided to delay the expansion.Its China giant's capacity growth this year is only 10%, the imported equipment capacity may be 5 billion less than the original plan, and another major plant, Huaxinke, will delay the expansion.

Nissho Murata announced its earnings report last week, and its profitability declined in the last quarter. Looking forward to this year's financial forecast, Murata's four major businesses have only 8% growth in capacitance, and most of the other financial forecasts have declined. This has also made Murata's view on the first half of this year. Be cautious.

Although the EMS factory inventory level has been declining, but the downstream demand is still unclear, coupled with the five poor and six effects, delay visibility, MLCC plant has been prepared for the delay in expansion, the leading plant Guoju last month equipment monthly capacity, up to 50 billion pieces per month. It is scheduled to reach the goal of 60 billion pieces and 70 billion pieces of capacity per month by the end of this year and the end of next year. The annual growth rate of production capacity is about 20% and 17%.

However, the industry has reported that the growth rate of the company's capacity this year is tentatively only 10%, the monthly capacity of equipment is targeted at 55 billion pieces per month, and the remaining 5 billion units will depend on the demand situation in the second half of the year.

Since the beginning of last year, Huaxin Branch has planned to expand production by 20% every year. However, after observing customers’ doubts about the economy, it plans to delay the expansion of production. Although the overall capital expenditure has not changed much, it may delay the production capacity. .

Although the Sino-US trade war has slowed down, China’s PCs and mobile phones have only a handful of brands that continue to benefit from the trade war and sales are booming. Intel’s recent warning to the Chinese server market is weaker than expected. The automotive market, which uses a lot of passive components, has also continued to be poor because the mainland car market has not seen a return to temperature. In the European and American markets, the second quarter has not yet entered the peak season. As terminal demand continues to weaken, even the Japanese big factory Murata, which is regarded as the “last bastion” of MLCC prices, cannot stop the MLCC from falling.

According to the information disclosed by the downstream industry, Murata can barely hold the price in the first quarter, and the average decline is only a low single digit. However, since April, the most stable and stable high-pressure, high-capacity, large-size MLCC in the Murata product line. Prices have started to loosen, and Murata has cut prices even more since May. Most of the price reductions have reached 2 to 30%. The downstream industry estimates that even Murata can't stop the big environment down. The MLCC price at the end of the second quarter does not rule out the "return to the original shape."

source：http://www.dianyuan.com/article/47801.html