Samsung Electro-Mechanics said MLCC inventories fell on stronger demand for AI servers and automotive electronics.
In a second-quarter earnings conference call on the 30th, the company said, "As shipments of MLCCs for AI servers and electric vehicles (xEVs) increased, overall inventory decreased."
The average selling price (ASP) also continued to rise. Samsung Electro-Mechanics said, "As the share of high-value-added MLCCs, such as those for industrial and automotive use, expanded, the blended ASP in the second quarter rose again from the previous quarter."
It projected that strong demand centered on AI servers will continue in the third quarter. Samsung Electro-Mechanics said, "Demand for MLCCs for AI servers is expected to keep increasing, led by hyperscalers," and added, "Electric-vehicle shipments are expected to grow by double digits from the previous quarter, so demand for automotive MLCCs will also remain solid."
It added, "On the back of strong market demand, third-quarter MLCC revenue is expected to increase from the previous quarter, and the blended ASP will rise further as the share of high-value-added products expands."