Post by TrendForce Corp.

Order data highlights this shifting dynamic, as the BB ratios of major Japanese and South Korean MLCC suppliers have been climbing steadily since April. Industry leaders like Murata, SEMCO, and Taiyo Yuden have surpassed a BB ratio of 1.0 in 2Q26, with momentum building over the months. Notably, Taiyo Yuden’s 1Q26 order intake surpassed JPY 100 billion for the first time in five years, with incoming orders drastically outpacing shipments. As mass production peaks in the second half of the year, the demand for standard high-end MLCCs from NVIDIA and the MLCC demand related to ASICs developed by CSPs (e.g., Google, Meta, and AWS) will surge simultaneously. Because the supply expansion cycle is severely lagging behind this demand explosion, a major structural shortage is looming for the fourth quarter of this year. 📊 For more: https://buff.ly/ifXNCB3