Shares in Chinese MLCC makers rise as AI lifts sales and profits

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China’s top makers of multilayer ceramic capacitors (MLCCs) – ubiquitous components known as the “rice of the electronics industry” – saw their shares rise on Friday after reporting ballooning first-half sales and profits amid soaring demand linked to AI. Shenzhen-listed shares of Chaozhou Three-Circle Company (CCTC) and Guangdong Fenghua Advanced Technology, two of the country’s largest MLCC makers, gained nearly 1 per cent and 3 per cent, respectively, in morning trading. CCTC’s Hong...