In recent years, Maruwa, a Japanese ceramics company, has experienced 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, thanks to its 200-year history in ceramics that gives it a competitive edge. Data centers are expected to consume significantly more power by 2030, with a large portion dedicated to cooling servers. This demand has put Maruwa in a strong position due to its expertise in heat dissipation materials.
Maruwa produces ceramics for circuit boards and semiconductors, which have become essential 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. With next-generation high-speed communications on the horizon, Maruwa’s shareholders have seen a significant increase in value and expect further growth driven by this trend.
The success of Maruwa 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. Goldman Sachs analyst Mitsuhiro Icho highlighted Maruwa’s strong position in the market, backed by its historical expertise in ceramics.