Passive component distributor Richway Electronics explicitly stated that supply tightness for high-end MLCCs, driven by AI servers and HPC, is expected to become even more severe next year. The company noted that shortage conditions are unlikely to improve compared to this year, which has already driven stock prices up since May.
High-end MLCCs are a binding constraint for AI server power supplies, with worsening shortages indicating rising costs and delays for compute infrastructure.