Japanese ceramics company Maruwa is experiencing a surge in demand for its heat-dissipating products, particularly in data centers amidst the AI boom. The company’s shares have doubled over the past year due to its 200-year history in ceramics, which gives it a competitive edge.
Maruwa produces ceramics for circuit boards and semiconductors, which are essential components in high-speed communication data centers. The company’s focus on heat-dissipating products aligns well with the industry’s increased need for cooling solutions. As data centers consume significantly more power by 2030, with a large portion dedicated to cooling servers, Maruwa is well positioned to meet this demand.
Goldman Sachs analyst Mitsuhiro Icho highlighted Maruwa’s strong position in the market, backed by its historical expertise in ceramics. The company’s success is rooted in its long history, tracing back to the early 19th century when it manufactured ceramics for Japanese cuisine before transitioning to electronic components in the 1960s. Its knowledge and technology accumulated over centuries have become the core competitiveness of the company, allowing it to thrive in the rapidly evolving data center industry.