Semiconductors▲2
Murata Manufacturing to Discontinue Some MLCC Products; Shuangxing New Materials Hits Daily Limit Up
MLCC giant Murata Manufacturing has officially issued a notice announcing a product line optimization starting in fiscal 2026, under which it will discontinue certain MLCC products and expand other capacity. The discontinuation covers specific part numbers in consumer-grade standard series and automotive-grade series, including some GRM, GRJ, GRT, GXM, GXT, GCM, GCJ, GCG, and ZRA series. Market analysts say Murata aims to stop producing low-margin or specific mature part numbers to free up capacity and fully expand advanced high-end product lines, prioritizing higher-margin, high-value-added products for AI servers amid limited capacity. Analysts believe that lead times for Murata's high-value-added MLCCs have already stretched sharply from the previous 8 to 10 weeks to more than 20 to 26 weeks, prompting the gradual discontinuation of standard MLCC products. Affected by this news, MLCC-related stocks moved in early trading on September 11, with Shuangxing New Materials hitting the daily limit up in a straight line, while Yunzhong Technology and Fenghua Advanced Technology led gains. Tianfeng Securities said that high-end MLCC capacity expansion is constrained by equipment and raw materials, with cycles as long as 18 to 24 months, making it difficult to quickly release effective capacity, and companies truly capable of mass-producing high-end, high-capacitance, automotive-grade MLCCs are expected to continue benefiting from rising volumes and prices. Shengang Securities noted that domestic manufacturers are likely to benefit from order spillover and domestic substitution of market share.