Samsung Electro-Mechanics announces another large MLCC order, likely for AI servers, maintain buy (Goldman Sachs)
Goldman Sachs reported that Samsung Electro-Mechanics (009150.KS) once again announced that it has received a large-scale MLCC (multilayer ceramic capacitor) order, which is likely to be used in AI servers.
Goldman Sachs reported that Samsung Electro-Mechanics (009150.KS) once again announced that it has received a large-scale MLCC (multilayer ceramic capacitor) order, which is likely to be used in AI servers. This is another important development after the previous order, confirming the strong demand for high-end MLCCs in AI servers. AI servers’ demand for high-capacity and high-reliability MLCCs far exceeds that of traditional servers. As the world’s leading MLCC supplier, Samsung Electro-Mechanics continues to benefit from this structural trend. One-sentence conclusion: Samsung Electro-Mechanics has successively won large orders for AI server MLCCs, verifying its core supply position in this field. AI servers will become the main engine of its future performance growth. Positive/negative: Positive for Samsung Electro-Mechanics (009150.KS). The market has already expected AI orders, but the continuous receipt of large orders shows that demand is strong and the stock price still has room to rise. Good for the MLCC sector. Catalysts: 1) The size of subsequent MLCC orders and customer announcements; 2) The continued growth data of AI server shipments; 3) MLCC product price trends and gross profit margin changes.