The main commodity is ceramic capacitors, ranking first in the world. Other leading component products include ceramic filters, high-frequency components, and inductors. On August 28, 2014, Murata Electronics North America, a subsidiary of Murata Manufacturing Co., Ltd., and Peregrine Semiconductor Corporation entered into a definitive agreement whereby Murata would acquire all outstanding shares of Peregrine not under its name for $12.50 per share in cash for a total transaction price of $4.71 One hundred million U.S. dollars.