Apple supplier Murata Manufacturing will start separating its rare earths supply chain in China from the rest of its business over the next three years, as companies rush to insulate themselves from geopolitical turmoil.
Murata, which has a market capitalisation of $46bn, supplies 40 per cent of the world’s multilayer ceramic capacitors (MLCC), components which regulate the flow of electricity used in devices from iPhones to data centres.
Since Norio Nakajima took over as president in 2020, Murata has moved to create two distinct supply chains centred around the US and China as tensions between the superpowers have risen.
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