Apr. 12, 2023 /SemiMedia/ -- CCTC, the MLCC giant in mainland China, recently issued a price increase notice, saying that it will increase the price in the second quarter, starting from April.

CCTC stated in the notice that the past year was the coldest winter for passive components in the past 10 years. In order to maintain reasonable profitability and achieve sustainable development, the company will devote itself to technological advancement to reduce costs. After consultation with partners, it was decided to increase the price in the second quarter and apply the new price from April.

CCTC did not disclose the specific price increase. Analysts believe that the current inventory adjustment of MLCC general products is coming to an end, MLCC shipments and prices are gradually stabilizing, and the downward phase is about to bottom out.