According to a report from Lianhe News, the passive component market is said to be tight in supply. The mainstream specification of multi-layer ceramic capacitors (MLCCs) for consumer electronics has doubled the delivery time. It takes three months for orders to be delivered. The major manufacturers are busy, not only getting rid of the traditional off-season constraints, but also for the first time in the past year, MLCC has experienced a tight supply situation for the first time.

   According to industry analysis, there are three main reasons for the tight supply of MLCCs in this wave. First, Japanese manufacturers such as Murata are developing towards high-end automotive applications and have no time to take into account consumer applications, resulting in a reduction in the supply of related products; second, Taiwanese manufacturers such as Yageo and Huaxinke are unwilling to repeat the previous mass production, This has led to the reversal of market conditions, and the relatively cautious production scheduling recently, which has also brought the market supply under control.

   Third, major cities in the world have recently accelerated the pace of 5G infrastructure construction, and demand for smartphones, consumer electronics shopping in Europe and the United States at the end of the year, and stocking up before the Chinese Lunar New Year is strong. In particular, the market is optimistic that the sales of the shopping season in the United States at the end of this year is expected to exceed US$1 trillion for the first time. Buying is hot, and the demand for MLCC has increased simultaneously, but the supply of major suppliers has shrunk, and it is unable to meet the huge demand in a timely manner, triggering the first tight supply situation in the past year.

  The legal person said that since October this year, the revenue performance of low-end MLCC products has reversed, increasing compared with the same period last year. In addition, the demand for components, motherboard assembly and system integration is strong, indicating that the MLCC market continues to recover and the peak inventory has passed. , the inventory level of Chinese distributors returned to normal levels.

   Yageo said when participating in the foreign investment forum yesterday (25th) that the inventory depletion of passive components at this stage is better than expected. Yageo has updated the target for the inventory level of finished products at the end of this year to 70 days at the end of the third quarter, which is shorter than the previously expected 90 days. . Judging from the current shipment and order status, this season's inventory has the opportunity to drop below 70 days.

   Yageo pointed out at the foreign investment forum that the current overall demand is better than expected. It maintains the same positive tone for this quarter and the first half of next year. It is optimistic that mainland China will accelerate the construction of 5G base stations, and the 5G kinetic energy will greatly increase the demand for MLCC.

   Suppliers revealed that due to tight supply, there are even rumors of "locking goods" by some industry players, which is the first time in nearly a year. From the perspective of product details, the supply of MLCCs for consumer electronics is currently tight. Take the small size "0201" specification for high-end mobile phones as an example. In the past, the supplier guaranteed delivery time of about six to eight weeks, but now the delivery time is at least The delay is more than three months, which is twice as long as before; the delivery time of another specification "0402" also falls within two to three months.

   Looking ahead to the utilization rate in the first half of next year, Yageo pointed out that the market demand is better than the original estimate, and the current inventory level is healthier than expected. changing factors.

   Looking forward to the fourth quarter, experts said that the passive component market inventory is gradually depleted, customers' urgent orders are expected to continue the momentum of pulling goods, and the factory utilization rate is steadily increasing. However, the US-China trade issue remains unresolved, and long-term market demand is still uncertain. As a result, the company continued to increase sales of niche products and maintained operational growth momentum.