On the 27th, passive electronic component manufacturer Holy Stone announced that it will expand its new plant in Taoyuan, Taiwan, and the new plant is expected to be put into production in the second half of 2020. The total investment amount was not disclosed.

Holy Stone Chairman Jing-Rong Tang said: "The prospects for high-end passive electronic components products will be very good in the next 5 to 10 years. Holy Stone will continue to focus on high-end MLCC products, and we are optimistic about the future development."

Jing-Rong Tang added: "New applications including industry 4.0, 5G, automotive electronics, artificial intelligence, and Internet of Things will drive MLCC to high-end technology. At present, Holy Stone's MLCC products have entered the robotic automation control application."