iPhone supplier Murata targets China budget smartphone makers

Japanese smartphone component supplier Murata Manufacturing aims to grow sales to Chinese makers of lower-end handsets destined for emerging markets as it looks beyond saturated strongholds.

Murata, a leading supplier of ceramic capacitors, sees the smartphone market growing 5% in the year ending March 2025, aided by demand for mid- and low-end handsets in places such as India, Africa and Southeast Asia.