TOKYO/OSAKA (Reuters) - Japanese electronic component makers are looking beyond a fickle smartphone market that once lured them with rocketing growth, tying their fortunes more closely to the most resilient of Japan's big industries: automobiles. Component makers such as Murata Manufacturing Co Ltd and TDK Corp are capitalizing on rising demand for electronics like those that make cars safer with automatic braking or less polluting with engine controllers. In contrast, Murata and others are having an up-and-down ride shipping components for Apple Inc's (AAPL) iPhones, while declining smartphone orders were a factor in January when TDK slashed its full-year operating profit forecast. The value of electronic components per car will grow 26 percent over the decade to 2022, according to Fuji Chimera Research Institute.
via Business News - Yahoo Finance http://finance.yahoo.com/news/auto-sector-adds-spark-japans-210338857.html
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