Apple supplier Murata expects half billion 5G phones in 2021

Murata Manufacturing Co, the world’s biggest maker of ceramic capacitors for Apple Inc and other smartphone brands, expects demand for fifth-generation wireless devices to surpass 500 million handsets in the coming fiscal year, building on a rush to replace Huawei Technologies Co in the global consumer arena.

Apple, Samsung Electronics Co and Chinese rivals Xiaomi Corp, Oppo and Vivo are vying to secure components for their devices, hoping to fill a void as Huawei’s mobile business shrinks under the weight of US sanctions. President Norio Nakajima said in a December interview that Murata’s factories won’t be taking a holiday break as they work to catch up with mounting orders, adding “the situation is most severe with our cutting-edge capacitors for smartphone use.”