Reuters
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. "Exports by Chinese makers to areas with growing populations are really increasing," Murata President Norio Nakajima said in an interview.