Streetbeat News

MRAAF

Murata Manufacturing Co. Ltd.

https://www.murata.com/

Industry

Bare Printed Circuit Board Manufacturing

Open

17.30

Mkt cap

34B

Volume

2.2K

High

18.32

P/E Ratio

24.43

52-wk high

26.37

Low

17.30

Div yield

0.02

52-wk low

13.80

Apple Inc, along with its suppliers Taiwan Semiconductor Manufacturing Co (TSMC) and Murata Manufacturing Co, are increasing their investment in a green initiative to $280 million. TSMC and Murata are contributing $50 million and $30 million, respectively, to the Restore Fund, managed by Climate Asset Management. This fund aims to support carbon removal through nature-based solutions. Additionally, Apple is advancing its chip technology with TSMC's 2-nanometer fabrication process. Despite a downturn in the consumer electronics market, TSMC's stock rose 58% last year, outperforming Apple's 14% increase.

Portfolio Pulse from Anusuya Lahiri

March 14, 2024 | 7:18 pm

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