China’s MLCC suppliers eye Hong Kong capital as AI reshapes electronics supply chains (opens original article in a new tab)

China's MLCC suppliers are pursuing Hong Kong listings as AI-driven demand for electronic components rises, with two companies advancing their IPO processes amid an industry upcycle.

• Two major MLCC suppliers in China seek Hong Kong listings to capitalize on growing AI-driven demand for electronic components.
• Chaozhou Three-Circle passed HKEX listing hearing, while Jiangsu Boqian New Materials filed prospectus citing 11% global market share in MLCC nickel powders.
• Goldman Sachs notes the MLCC industry is experiencing its largest and longest upcycle due to increased demand from AI data centres and computing clusters.
• MLCCs are essential components in electronics including AI servers, data centres, smartphones, and electric vehicles.