Samsung Electro-Mechanics defies tariff pressure through auto parts biz

Samsung Electro-Mechanics is seeking a way around the United States’ sweeping tariff pressures through its auto component business, as its flagship multi-layer ceramic capacitor (MLCC) is gaining greater attention for its use in the automotive sector. According to analysts on Wednesday, Samsung Electro-Mechanics’ sales for automotive MLCCs are expected to break above the 1 trillion won mark ($701.66 million), buoyed by stronger demands from carmakers developing self-driving vehicles. The company’s automotive MLCC sales stood at 970 billion won, occupying a 20 percent share of the global market. This represents a 7 percentage point improvement from the company’s market share in 2022. Given the trajectory, analysts anticipate the company will log over 1 trillion won in automotive MLCC sales this year, with iM Securities analyst Ko Eui-young anticipating 1.2 trillion won this year and 1.5 trillion won next year. The company’s automotive MLCC sales are anticipated to show sharper growth following a report Wednesday that the company was granted an increase in its supply for China’Weiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times