In Q4, weak mobile and notebook demand led suppliers to cut production to stabilize prices. High-end and automotive MLCC price drops narrow due to competition. Economic uncertainties in US and China affect the market, driving conservative pricing strategies by suppliers.

Key Highlights

• Q4 sees weak mobile and notebook demand, leading suppliers to cut production and control inventory to stabilize prices.
• Although demand for high-end and automotive electronic MLCCs remains robust, price competition among suppliers is fierce, and price reductions have significantly narrowed.
• US tariff policies and exchange rate fluctuations increase operational pressure, making future rate changes key.
• Economic challenges in US and China, with US facing inflation and China dealing with weak demand and deflationary concerns.
• ODMs report general decline in Q4 ICT product orders, while AI orders remain strong, prompting conservative pricing strategies by suppliers.

Table of Contents

1. Fourth Quarter Is Expected to See Weak Demand for ICT Products, While AI-Related Orders Sustain the MLCC Market
2. Strong Momentum Will Continue for AI-Related Orders in 4Q25, but Sliding Demand for ICT Products Will Limit ODMs’ Bargaining Power
3. Prices of Consumer MLCCs Stagnate, While Price Declines Have Moderated Significantly for High-End and Automotive MLCCs; Suppliers’ Consensus Is to Maintain Stable Pricing
4. Trendforce's View 

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