WUXI LEAD (00470) rose over 4%, gaining 3.74% to HKD 52.65 by the time of writing, with a turnover of HKD 67.78 million. According to the latest survey by TrendForce, strong demand for AI chips has led to a tight supply-demand balance for high-end multilayer ceramic capacitors (MLCCs), squeezing supply for consumer-grade MLCCs and prompting some distributors to engage in preventive stockpiling, with suppliers responding by adjusting prices. TrendForce further projects that, with the concentrated volume release of ASIC projects by cloud service providers by the end of the third quarter, the ongoing tight supply-demand equilibrium for high-end MLCCs, and the global shift in production capacity toward high-value-added segments, high-end MLCC prices will transition from consolidation to a moderate upward trend in the second half of 2026. Public information indicates that WUXI LEAD is a supplier of automated production lines for MLCCs, assisting domestic manufacturers in enhancing production efficiency and consistency. CITIC Securities notes that MLCCs are widely used in servers and optical modules, and are poised to benefit from opportunities for both volume and price increases due to upgrades such as higher server power, vertical power supply, and 800V systems. Currently, benefiting from the robust demand driven by AI, the MLCC industry is entering a new cycle of price hikes and upward momentum, with optimism also for local manufacturers to capitalize on this trend and accelerate breakthroughs in high-specification products like servers and automotive-grade components.