MLCC Market Bulletin - Oct. 8, 2026

Last Modified

2026-10-08

Update Frequency

Aperiodically

Format

PDF

Oil prices and inflation dampen year-end consumer spending, leading to a divergence in consumer MLCCs where low-capacitance items weaken while high-capacitance items strengthen. AI servers and automotive electronics emerge as growth drivers, enabling Taiwanese and Chinese makers to sustain high utilization, though yields remain a key constraint.

Key Highlights

High oil prices and inflation curb consumer demand, creating a split where low-cap MLCCs cool and high-cap MLCCs stay firm.
AI servers and automotive electronics support growth, keeping Taiwanese and Chinese high-cap lines highly utilized.
Japanese and Korean makers shift to premium products, passing mid-to-high cap orders to Taiwanese and Chinese suppliers.
Yield issues in high-cap items limit output expansion.
Key Q4 watches include terminal sales, inventory drawdown, and price declines.