Mario Bautista
SEOUL, Oct. 7 (Yonhap) — Samsung Electronics Co. Chairman Lee Jae-yong has visited a plant of Samsung Electro-Mechanics Co. in the Philippines and called for bolstering its competitiveness in ceramic components that are a key part of the electronics industry, company officials said Monday.
Multi-layer ceramic capacitors (MLCCs) are a primary component within electric devices that controls the stable flow of current within electric product circuits.
Lee visited the MLCC production facility of Samsung Electro-Mechanics in the Philippines on Sunday, company officials said.
Samsung Electro-Mechanics’ Filipino plant has been producing MLCC and inductors for IT devices but is considering expanding its portfolio to high-value MLCC for automobiles, according to the officials.
Market watchers expect the size of the global MLCC market to more than double to 9.5 trillion won (US$7.05 billion) by 2028 from 4 trillion won in 2023.
Samsung Electronics Co. Chairman Lee Jae-yong (C) visits Samsung Electro-Mechanics Co.’s multilayer ceramic capacitors production plant in the Philippines on Oct. 6, 2024, in this photo provided by his company. (PHOTO NOT FOR SALE) (Yonhap)
nyway@yna.co.kr
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