Murata Manufacturing Co., Ltd., which has the top share of the world market for electronic components used in smartphones and other devices, has announced that it will make the largest capital investment ever at a factory in China.
Although the smartphone market seems to be losing momentum at the moment, we have judged that demand for EVs (electric vehicles) is expected to expand in the medium to long term.
According to the announcement, Murata Manufacturing will invest 44.5 billion yen to build a new production building at its factory in Jiangsu, China.
This is the largest one-time capital investment in the company's history.
The company holds the top share of the global market for multilayer ceramic capacitors, which are electronic components used in smartphones and other devices.
It is scheduled to be completed in the spring of next year.
The smartphone-related market seems to be slowing down due to factors such as the slowdown of the Chinese economy, but the company expects demand to expand in the medium to long term for EVs (electric vehicles) and high-performance smartphones. I have decided that I will.
On the other hand, we are also increasing production at factories in Thailand in Southeast Asia and Shimane Prefecture in Japan, and the company plans to strengthen the supply chain.