The demand for inductors has been increasing with smartphones and automobiles as two major application areas. The production of high-end smartphones has increased, and the number of inductors incorporated in those high-end models has also expanded. In addition, Chinese smartphone manufacturers have been increasing production targeting emerging countries. Meanwhile, with automobiles, full-scale incorporation of safety functions, such as advanced driver assistance systems (ADAS) comprising millimeter wave radars and cameras, has begun to stir up new demand.
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