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 issued by the company [1]. Group 1: Investigation and Legal Action - Rosen Law Firm is preparing a class action to seek recovery of investor losses for those who purchased Nidec securities, with no out-of-pocket fees through a contingency fee arrangement [2]. - The investigation follows a significant drop in Nidec's stock price, which fell 22.7% after a probe into accounting issues was announced [3]. Group 2: Company Background and Legal Expertise - Nidec Corporation is facing scrutiny due to allegations of improper accounting practices within its group, leading to the largest one-day drop in its shares [3]. - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and recovering hundreds of millions for investors [4].

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 issued by the company [1]. Group 1: Investigation and Legal Action - Rosen Law Firm is preparing a class action to seek recovery of investor losses for those who purchased Nidec securities, with no out-of-pocket fees through a contingency fee arrangement [2]. - The investigation follows a significant drop in Nidec's stock price, which fell 22.7% after a probe into accounting issues was announced [3]. Group 2: Company Background and Legal Expertise - Nidec Corporation experienced its largest one-day drop in share price on September 4, 2025, following allegations of improper accounting tied to its management [3]. - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and recovering hundreds of millions for investors [4].

For markets and investors, the ruling introduces a mix of clarity and uncertainty. Major indexes saw modest, but positive, initial reactions, with the S&P 500 ($SPX) up 0.3%, and Nasdaq ($NASX) up 0.5%, drifting modestly higher even as the Dow ($DOWI) slipped slightly before rebounding, suggesting that many institutional investors had priced in at least the possibility of such an outcome. Treasury yields were steady, reflecting continued caution amid mixed macroeconomic data.Justice Brett Kavanaugh, dissent ...

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 issued by the company [1]. Group 1: Investigation and Allegations - Nidec Corporation is facing scrutiny after a report indicated that its shares dropped 22% following the announcement of a probe into improper accounting practices within its group [3]. - The investigation stems from allegations that Nidec may have misled investors regarding its financial status, which has led to significant losses for shareholders [1][3]. Group 2: Class Action and Compensation - 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]. - The Rosen Law Firm is preparing to file a class action to recover losses incurred by investors as a result of the alleged misleading 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 securities class action settlement against a Chinese company and consistently ranking among the top firms for settlements since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability and experience in handling such cases [4].

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 issued by the company [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 within its group [3]. - The American Depositary Receipts (ADRs) of Nidec fell by 22.7% on September 4, 2025, marking the largest one-day decline for the company [3]. Group 2: Class Action and Compensation - Shareholders who purchased Nidec securities may be entitled to compensation through a class action lawsuit, with no out-of-pocket fees or costs due to a contingency fee arrangement [2]. - The Rosen Law Firm is preparing a class action to seek recovery of investor losses related to the allegations against Nidec [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 securities class action settlement against a Chinese company and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4].

Core Insights - The price of Multi-Layer Ceramic Capacitors (MLCC) has increased by nearly 20% in the Korean market, with expectations for continued short-term price rises due to heightened demand driven by the AI industry [1] - MLCCs are essential components in electronic devices for stabilizing power supply and filtering interference signals, with AI servers requiring over three times the MLCCs compared to standard servers, leading to a supply-demand imbalance [1] - High-end MLCC manufacturers capable of large-scale production are expected to benefit significantly from this trend, as evidenced by Samsung Electro-Mechanics projecting record revenue in Q4 2025, with a 22% year-on-year increase in its high-voltage, high-capacity MLCC segment [1] - The MLCC industry is experiencing extreme differentiation, with high-end MLCC demand surging due to AI applications, while mid-to-low-end MLCCs face operational pressures from seasonal effects and rising raw material costs [1] Domestic Market Overview - The domestic MLCC market in China is divided into civilian and military sectors, with international leaders dominating the high-end segment [2] - Companies like SanHuan Group and Fenghua Advanced Technology are making strides in high-end MLCCs, focusing on applications in 5G communication, AI servers, and automotive electronics [2] - SanHuan Group's MLCC products cover a range of sizes and specifications, while Fenghua Advanced Technology is expanding from mid-to-low-end products into high-voltage automotive components, successfully entering supply chains of major manufacturers like BYD [2]

Feb. 5, 2026 根据Tr e n dFo r c e集邦咨询最新MLCC（多层片式陶瓷电容器）研究，2 0 2 6年第一季全球MLCC 产 业 呈 现 极 度 分 化 的 格 局 。 尽 管 全 球 局 势 变 化 加 剧 供 应 链 的 不 确 定 性 ， 但 受 惠 于 " 实 体 AI(Emb o d i e d AI) " 应用落地，高 端MLCC 需求逆势爆发；反观 中 低 端 MLCC ， 因 淡 季 效 应 、 原物料成本飙涨冲击传统消费性电子产品需求，制造商面临严峻营运压力。 受 惠 于 AI 基 础 建 设 （ 如 英 伟 达 NVIDIA GB2 0 0 / 3 0 0 Se r v e r ） 与 CSP 大 厂 （ 如 亚 马 逊 云 科 技 AWS、谷歌Go o g l e）的ASIC备货需求，高端MLCC订单畅旺，带动日、韩大厂高端MLCC产 能满载，Mu r a t a（村田）、SEMCO（三星电机）、Ta i y o Yu d e n（太阳诱电）的产能稼动率皆 维 持 在 8 0% 以 上 。 Mu r a t a 更 因 掌 握 先 进 封 装 关 键 料 源 ， ...

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].