- Benzinga
Key Apple Supplier From Japan Sees Demand Correction, Fears Migrating Production To China Over Security Concerns
Murata Manufacturing Inc (OTC: MRAAF) (OTC: MRAAY) expects Apple Inc (NASDAQ: AAPL) to curtail iPhone 14 production further in the coming months because of weak demand. "Judging by handset availability in stores, I see a downward revision happening," Murata President Norio Nakajima said in a Bloomberg interview. "I hope that it won't be too deep." Nakajima's comments reflect slowing consumer spending due to rising interest rates, elevated inflation, and sputtering economic growth. Also Read: Tai
- Reuters
Quake-hit Japan plants restart but Toyota to suspend 18 assembly lines
TOKYO (Reuters) -Japanese manufacturers began restarting production at plants in the country's quake-hit northeast, but Toyota Motor Corp said it plans to idle 18 assembly lines for a few days next week due to a shortage of parts from suppliers. On one hand, the limited damage caused by the magnitude 7.4 temblor has highlighted Japan's success in building resilience against the frequent tremors that shake the archipelago. But the quake has sparked concerns of further disruptions to a pandemic-hit supply chain for precision components vital to electronics and autos production and in which Japanese manufacturers play a leading role.
- Reuters
Japan parts makers halt output after quake, another blow to supply chain
TOKYO (Reuters) -Japan's Renesas Electronics Corp, Murata Manufacturing Co Ltd, Sony Group Corp and other precision parts makers halted some operations on Thursday after an earthquake jolted the country's northeast, the latest blow to the global supply chain. Even as Japan's dominance of consumer electronics had faded, manufacturers have carved out a world-leading niche in highly specialised components such as Murata's ceramic capacitors and Sony's image sensors.
