Core Viewpoint - The passive components industry is crucial for electronic devices, providing essential functions such as signal regulation and energy storage without external power. The industry is supported by various national policies aimed at promoting innovation and domestic production, with significant growth expected in both global and Chinese markets by 2024 [1][4][7]. Industry Overview - Passive components, also known as passive devices, operate without external power and rely on physical properties to perform functions like current/voltage regulation and energy storage. They are essential for ensuring signal transmission and circuit stability, forming the backbone of the electronic industry [2][3]. Policy Support - China has implemented several key policies to support the passive components industry, including reforms in management systems, strategies to expand domestic demand, and guidelines for energy electronics development. These policies aim to enhance local companies' capabilities in high-end material research and precision manufacturing [4][5]. Industry Chain - The upstream of the passive components industry consists of raw material and equipment suppliers, with critical materials largely imported. The midstream includes manufacturing of capacitors, inductors, and resistors, with domestic companies like Fenghua Advanced Technology and SanHuan Group leading in mid-to-low-end markets. The downstream market is driven by consumer electronics, automotive electronics, and emerging fields like AI and 5G [5][6]. Market Dynamics - The global passive components market is expected to reach $39.1 billion by 2024, with a growth rate of 7.7%. The Asia-Pacific region dominates, accounting for over 70% of the market share. China, as the largest demand market, is projected to grow to 142.3 billion yuan in 2024, with a compound annual growth rate of 15.2% from 2020 to 2024 [7][8]. Competitive Landscape - The competitive landscape of the passive components industry in China is characterized by international giants dominating high-end markets, while domestic companies are making strides in mid-to-low-end segments. Key players like Fenghua Advanced Technology and SanHuan Group are focusing on high-end product certifications and technological advancements [9][10]. Development Trends - The future of the passive components industry in China will focus on three main areas: technological upgrades, deepening domestic substitution, and ecological collaboration. Products will evolve towards higher capacitance, miniaturization, and reliability, with a strong emphasis on self-sufficiency in materials and core technologies [11][12].

Core Viewpoint - Hongxing Technology (Group) Co., Ltd. has submitted a report for its initial public offering (IPO) and listing, with Guotou Securities as the advisory institution, indicating a renewed effort to enter the A-share market after previously withdrawing its application in September 2025 [1][3]. Company Overview - Hongxing Technology specializes in the research, production, and sales of frequency control components such as quartz crystal resonators and oscillators, and is recognized as the ninth largest quartz crystal component manufacturer globally, holding a strong market position in its niche [3]. - The company's products are widely used across various sectors, including communication electronics, smart home devices, automotive electronics, consumer electronics, medical electronics, and industrial control, with a customer base that includes well-known brands like Samsung, Chuangwei, Changhong, Foxconn, Quanta, and Pegatron [3]. Industry Context - The demand for quartz crystal components is expected to grow due to trends such as 5G construction, automotive intelligence, and the proliferation of the Internet of Things (IoT) [4]. - The global high-end quartz crystal component market is currently dominated by Japanese manufacturers, who lead in technology and scale, while U.S. manufacturers focus on specific high-end markets like military applications [4]. - Domestic companies are increasingly focusing on domestic substitution and technological breakthroughs in the mid-to-high-end sectors, which is becoming a significant development direction for the industry [4]. - If Hongxing Technology successfully completes its IPO, it is anticipated to leverage capital market resources to expand production capacity, enhance R&D investment, and improve competitiveness in high-end applications, aiming for a more significant position in the global supply chain [4].

Core Viewpoint - The SMD thermistor market is projected to grow significantly, with a global revenue forecast of approximately $270.61 million in 2024, reaching $430.18 million by 2031, representing a compound annual growth rate (CAGR) of 6.95% from 2024 to 2031 [3]. Market Overview - SMD thermistors are electronic components that change resistance with temperature, widely used in temperature sensing, overheat protection, and temperature compensation [2]. - The global market for SMD thermistors is dominated by NTC type thermistors, which are expected to reach a market size of $181.43 million in 2024 and $265.05 million by 2031, with a CAGR of 5.67% from 2025 to 2031 [5]. Regional Analysis - In 2024, the Chinese market for SMD thermistors is estimated to be around $117.11 million, accounting for approximately 43.28% of the global market. North America and Europe are expected to hold market shares of 16.98% and 15.41%, respectively [5]. - The CAGR for the Chinese market is projected at 8.1%, while the U.S. and European markets are expected to grow at CAGRs of 4.10% and 5.28%, respectively [5]. Application Segments - The consumer electronics sector is the largest downstream application for SMD thermistors, with a market size of $95.69 million in 2024, anticipated to grow to $144.07 million by 2031, reflecting a CAGR of 6.08% from 2025 to 2031 [8]. Competitive Landscape - Major global players in the SMD thermistor market include Thinking Electronic, TDK Corporation, Murata, Shiheng Electronic, TE Connectivity, and Panasonic, with the top five companies expected to hold over 27.73% of the market share in 2024 [11]. Market Drivers - The growth in market demand is driven by the rapid development of smart appliances, automotive electronics, renewable energy, and environmental protection, which require high precision in temperature control [12]. - The expansion of application fields for SMD thermistors includes smart homes, medical devices, industrial automation, and aerospace, with increasing precision requirements [13]. - Government policies supporting environmental protection and sectors like new energy vehicles and smart homes are providing significant growth opportunities for the market [14]. Market Restraints - Intense price competition among numerous market players makes it challenging to increase product prices and profit margins [15]. - The demand for smaller and more compact electronic devices may impose higher requirements on the size and performance of SMD thermistors [16]. - Changes in market demand, such as reduced consumer spending on electronic devices, could impact the demand for SMD thermistors [18]. Development Trends - The application fields for SMD thermistors are continuously expanding, with significant growth expected in consumer electronics, automotive, home appliances, and industrial equipment [19]. - Technological advancements are enhancing the performance of SMD thermistors, enabling them to meet higher precision and wider temperature range requirements [19]. - Policy support and supply chain optimization are crucial for market development, particularly in the environmental sector [20].

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Nidec Corporation due to allegations of materially misleading business information [1] Group 1: Investigation and Allegations - Nidec Corporation is facing scrutiny after a CNBC article reported a 22% drop in its shares following the announcement of a probe into improper accounting practices [3] - The investigation is focused on allegations that Nidec may have issued misleading information to investors, which has led to significant financial losses for shareholders [1][3] Group 2: Class Action Details - Shareholders who purchased Nidec securities may be eligible for compensation through a class action lawsuit, with no out-of-pocket fees due to a contingency fee arrangement [2] - Interested investors can join the class action by submitting a form or contacting the Rosen Law Firm directly for more information [2] Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company and consistently ranking highly in securities class action settlements [4] - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone, and has received recognition from various legal publications [4]

Core Insights - The domestic market for high-end quartz crystal resonators is experiencing strong demand, prompting local manufacturers to expand production capacity and increase R&D investment to enhance their supply capabilities in the high-end market [1][10] - The quartz crystal resonator industry in China has grown from 5.496 billion yuan in 2015 to 8.288 billion yuan in 2024, with a compound annual growth rate (CAGR) of 4.67% [1][10] - Emerging applications in 5G communication, wearable electronics, automotive electronics, and the Internet of Things (IoT) are driving significant market opportunities for the quartz crystal resonator industry [1][10] Industry Overview - Quartz crystal components, known as crystal oscillators, are frequency control devices made from quartz crystals utilizing the piezoelectric effect [2][4] - The industry is categorized into quartz crystal resonators and oscillators, with further classifications based on frequency and packaging methods [2][4] Industry Policies - The Chinese government has increased policy support for the quartz crystal resonator industry, promoting new electronic components and smart manufacturing [7] - Key policies include the inclusion of new electronic components in the encouraged category of the 2024 Industrial Structure Adjustment Guidance Catalog and the 2025-2026 Action Plan for Stable Growth in the Electronic Information Manufacturing Industry [7] Industry Chain - The quartz crystal resonator industry chain consists of upstream raw materials (quartz sand, packaging materials), midstream manufacturing, and downstream applications (communication devices, consumer electronics) [6][8] Current Industry Development - Since 2018, Japanese companies have reduced capital expenditures, creating opportunities for Chinese manufacturers to expand in the quartz crystal resonator market [10] - From 2015 to 2024, China's production of quartz crystal resonators increased from 11.94 billion units to 23.298 billion units, with a CAGR of 7.71% [10] Competitive Landscape - The industry features a tiered competitive structure, with international giants leading the high-end market and domestic companies like Unisoc, Dongjing Electronics, and others gaining ground in mid to high-end segments [10][11] - Domestic companies are increasing R&D investments to enhance product consistency and reliability, narrowing the gap with international competitors [10] Development Trends - The industry is moving towards miniaturization, high frequency, low phase noise, and low aging rates to meet the demands of advanced applications [13][14][17] - Manufacturers are focusing on advanced packaging technologies and optimizing design processes to achieve these goals [13][14][17]

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Nidec Corporation due to allegations of materially misleading business information [1] Group 1: Investigation and Allegations - Nidec Corporation is facing scrutiny after a probe into allegations of improper accounting, which led to a significant drop in its share price [3] - Following the announcement of the investigation, Nidec's American Depositary Receipts (ADRs) fell by 22.7% on September 4, 2025, marking the largest one-day drop for the company [3] Group 2: Class Action Details - Shareholders who purchased Nidec Corporation securities may be entitled to compensation through a class action lawsuit, with no out-of-pocket fees due to a contingency fee arrangement [2] - Interested investors can join the class action by submitting a form or contacting the law firm directly [2] Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest ever against a Chinese company [4] - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4]

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of Nidec Corporation shareholders due to allegations of misleading business information [1] Group 1: Investigation Details - The investigation is prompted by a significant drop in Nidec's stock price following a report of accounting issues related to its China unit, which led to a 22% decline in shares [3] - Nidec's American Depositary Receipts (ADRs) fell by 22.7% on September 4, 2025, marking the largest one-day drop for the company [3] Group 2: Class Action Information - Investors who purchased Nidec Corporation securities may be eligible for compensation through a class action lawsuit without any upfront costs [2] - The Rosen Law Firm is preparing a class action to seek recovery of investor losses [2] Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company and consistently ranking among the top firms for securities class action settlements [4] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for its clients [4]

New York, New York--(Newsfile Corp. - November 28, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Nidec Corporation (OTC: NJDCY) resulting from allegations that Nidec Corporation may have issued materially misleading business information to the investing public.SO WHAT: If you purchased Nidec Corporation securities you may be entitled to compensation without payment of any out of pocket fees or costs thr ...

New York, New York--(Newsfile Corp. - November 24, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Nidec Corporation (OTC: NJDCY) resulting from allegations that Nidec Corporation may have issued materially misleading business information to the investing public.SO WHAT: If you purchased Nidec Corporation securities you may be entitled to compensation without payment of any out of pocket fees or costs thr ...

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Nidec Corporation due to allegations of materially misleading business information [1] Group 1: Investigation and Allegations - Nidec Corporation is facing scrutiny after a report indicated improper accounting practices within its China unit, leading to a significant drop in share prices [3] - Following the announcement of the probe, Nidec's American Depositary Receipts (ADRs) experienced a decline of 22.7% on September 4, 2025, marking the largest one-day drop for the company [3] Group 2: Class Action Details - Shareholders who purchased Nidec Corporation securities may be eligible for compensation through a class action lawsuit, with no out-of-pocket fees due to a contingency fee arrangement [2] - Interested investors can join the class action by submitting a form or contacting the law firm directly for more information [2] Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest against a Chinese company [4] - The firm has consistently ranked among the top in securities class action settlements, recovering hundreds of millions for investors, including over $438 million in 2019 alone [4]