---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000778115.md"
description: "Goldman Sachs: Yageo $2327.TW and MLCC> Major Japanese and Korean suppliers are shifting their manufacturing capacity away from commodity MLCCs to high-margin AI grade MLCCs. Goldman Sachs expects 14% of global MLCC capacity to support AI in 2026, rising to 32% by 2028 (up from just 9% in 2025). > Commodity MLCC Supply Tightening: Because competitors are focusing on AI, the supply for traditional/commodity MLCCs is tightening dramatically. Global non-AI MLCC industry utilization rates are projected to hit 97% in 2027 and 100% in 2028.> Massive AI TAM Growth: The global AI MLCC Total Addressable Market (TAM) is expected to grow at a 93% CAGR from 2025 to 2028. This is driven by massive MLCC content per server (e.g., 300k to 500k+ chips for next-gen AI server racks compared to just 12k for a general server).> Yageo controls ~25% of the global commodity MLCC capacity share (making them the single largest holder).> Revenue Mix: While peers chase high-end AI contracts, commodity MLCCs will account for 72% to 90% of Yageo's MLCC revenue between 2026 and 2028.> Aggressive Pricing Power: Yageo's commodity MLCC pricing is expected to skyrocket by 93% YoY in 2027 and 84% YoY in 2028. Low-end product pricing hikes are expected to surpass high-end adjustments due to tighter market conditions and lower initial margins."
datetime: "2026-07-06T15:35:55.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000778115.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000778115.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000778115.md)
author: "[Equity research](https://longbridge.com/en/profiles/2071818324550963200.md)"
generator: "portal-rs"
---

# Goldman Sachs: Yageo $2327.TW and MLCC> Major J…


---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**