# Who are Murata Manufacturing's customers? Who does Murata Manufacturing earn revenue from?
Canonical: https://valuechain.wiki/murata · Facet: customers · Updated: 2026-07-12T04:18:58.915+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Murata Manufacturing's confirmed revenue counterparties include Apple, NVIDIA, Foxconn plus 3 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 6 revenue edges, backed by 6 dated sources, 2 of them primary filings (as of 2026-07-12).

### Apple (high)  → /apple.md
- metric: Market share 40% · 2025 · global MLCC share (No.1)
- note: Supplies MLCCs to Apple devices. Murata is the No.1 MLCC maker with about 40% global share.
- [confirms] Finance Scope (KO, news, published 2026-05-26) https://www.finance-scope.com/article/view/scp202605260005: "Murata is the world's No.1 MLCC supplier (about 40% share) to smartphones such as Apple and to AI servers."
- [confirms] THELEC (KO, news, published 2025-11-01) https://www.thelec.kr/news/articleView.html?idxno=29456: "Murata MLCC backlog rising."
- [confirms] Murata / EDINET (JA, filing, published 2025-06-27) https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100VZKQ.pdf: "Annual Securities Report: capacitors (MLCC) are the core business, supplied to smartphones, vehicles and servers."
- [confirms] Murata (EN, ir, published 2025-05-01) https://corporate.murata.com/en-global/ir: "MLCCs to Apple devices (No.1)."

### AI 서버·데이터센터 (MLCC) (high)
- metric: growth 12.6% · FY2025 · capacitor revenue YoY, server-led
- note: Data-center and AI-server MLCCs drove capacitor revenue +12.6% in FY2025. Analysts raised AI-server MLCC growth to 30% CAGR (about 30,000 MLCCs per GB300 server; 15k to 20k per baseboard).
- [confirms] Finance Scope (KO, news, published 2026-05-26) https://www.finance-scope.com/article/view/scp202605260005: "In AI-server MLCC, Murata and Samsung Electro-Mechanics together hold about 90% share; Murata's MLCC operating margin exceeds 30%. Both run at full utilization."
- [confirms] Investing.com (EN, news, published 2026-05-01) https://www.investing.com/news/company-news/murata-raises-mlcc-growth-forecast-for-ai-servers-to-30-cagr-93CH-4385436: "Murata raised its AI-server MLCC growth forecast to 30% CAGR; an NVIDIA GB300 server uses about 30,000 MLCCs, roughly 30x a smartphone."
- [confirms] Murata Manufacturing (EN, filing, published 2026-04-30) https://corporate.murata.com/-/media/corporate/about/newsroom/news/irnews/irnews/2026/0430b/25q4-e-speach.ashx?la=en&cvid=20260430024820000000: ""Revenue reached a record high. Revenue from capacitors across a wide range of applications, mainly servers, increased... resulting in overall revenue was increased." (FY2025 Revenue 1,830.9B yen; Operating profit 281.8B yen) Capacitors 831.8 to 936.4B yen (+12.6%). "Multilayer ceramic capacitor (MLCC) Increased for servers, smartphones and distributors.""

### 스마트폰 OEM (MLCC) (high)
- note: Supplies MLCCs for high-end smartphones. In FY2025 MLCCs increased for servers, smartphones and distributors, with share gains in next-generation high-end models.
- [confirms] Murata Manufacturing (EN, filing, published 2026-04-30) https://corporate.murata.com/-/media/corporate/about/newsroom/news/irnews/irnews/2026/0430b/25q4-e-speach.ashx?la=en&cvid=20260430024820000000: ""Multilayer ceramic capacitor (MLCC) Increased for servers, smartphones and distributors." Challenge 1: gaining share in high-end smartphone models for the next fiscal year."
- [confirms] THELEC (KO, news, published 2025-11-01) https://www.thelec.kr/news/articleView.html?idxno=29456: "Murata competes with Samsung Electro-Mechanics in ultra-small, high-capacity MLCCs for high-end smartphones such as Apple."

### NVIDIA (mid)  → /nvidia.md
- metric: Count 30,000 MLCC/server · GB300 · per GB300 server
- note: Supplies MLCCs for NVIDIA AI-server boards; about 30,000 MLCCs per GB300 server (analyst estimate).
- [confirms] Investing.com (EN, news, published 2026-05-01) https://www.investing.com/news/company-news/murata-raises-mlcc-growth-forecast-for-ai-servers-to-30-cagr-93CH-4385436: "An NVIDIA GB300 server uses about 30,000 MLCCs; AI-server demand drives Murata's MLCC growth."
- [confirms] Murata Manufacturing (EN, filing, published 2026-04-30) https://corporate.murata.com/-/media/corporate/about/newsroom/news/irnews/irnews/2026/0430b/25q4-e-speach.ashx?la=en&cvid=20260430024820000000: "Challenge 3: acquiring demand for AI server power supplies; secured orders for secondary modules for hyperscalers. FY2026 Computers revenue expected +44.5%, driven by data centers."
- [confirms] Murata (EN, ir, published 2025-05-01) https://corporate.murata.com/en-global/ir: "MLCCs for AI server boards."

### 자동차·산업 기기 (Mobility) (mid)
- metric: Market share 45% · 2025 · automotive-grade MLCC share
- note: Supplies automotive capacitors and sensors. FY2025 Mobility revenue 474.5B yen (+4.8%); Murata holds about 40-50% of automotive-grade MLCC.
- [confirms] Murata Manufacturing (EN, filing, published 2026-04-30) https://corporate.murata.com/-/media/corporate/about/newsroom/news/irnews/irnews/2026/0430b/25q4-e-speach.ashx?la=en&cvid=20260430024820000000: "Mobility revenue 452.8 to 474.5B yen (+4.8%). "Revenue is expected to increase in capacitors and sensors for automotive applications.""
- [confirms] THELEC (KO, news, published 2025-11-01) https://www.thelec.kr/news/articleView.html?idxno=29456: "Murata leads automotive-grade MLCC with roughly 40-50% share."

### Foxconn (mid)  → /foxconn.md
- note: Supplies MLCCs into Foxconn's AI-server and device assembly (EMS).
- [confirms] Finance Scope (KO, news, published 2026-05-26) https://www.finance-scope.com/article/view/scp202605260005: "Murata MLCCs feed into AI-server and device assembly at EMS firms such as Foxconn."
- [confirms] Murata (EN, ir, published 2025-05-01) https://corporate.murata.com/en-global/ir: "MLCCs for server/device assembly."

Reverse side: https://valuechain.wiki/murata/suppliers.md · Ripple: https://valuechain.wiki/murata/ripple.md

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Full node: https://valuechain.wiki/murata.md · JSON: https://valuechain.wiki/murata.json