vsh

Are there any stocks in the US market that are purely focused on MLCC? The answer is no, there aren't any particularly pure plays. The closest in the US market is Vishay Intertechnology, #VSH, but it’s not a pure MLCC company; it's a mixed bag of passive components and discrete semiconductors. Today, let’s dive into VSH, but first, let’s understand what MLCC is.
MLCC is a multi-layer ceramic capacitor, heavily used in smartphones, cars, servers, GPUs, AI servers, power supplies, and motherboards. AI servers particularly drive demand for high-capacitance, high-reliability, high-temperature, high-voltage, low ESL MLCCs. Recently, the market has been buzzing about how AI servers are causing longer lead times and price hikes for MLCCs. PCGamer cited DigiTimes, stating that a single AI server board might require thousands of MLCCs, with demand far surpassing that of regular servers. Murata has also been reported to have price increases of 15%-35%.