The Rise of Maruwa: How Japan’s Ceramics Company Took Over the Data Center Industry with its Expertise in Heat Dissipation

Japanese ceramics company Maruwa is experiencing a surge in demand for its heat-dissipating products, particularly in data centers. The rise of AI and the increasing power consumption in data centers have put Maruwa in a commanding position due to its expertise in dissipation materials.

Maruwa’s shares have doubled over the past year, thanks to its 200-year history in ceramics that has given it a competitive edge. The company produces ceramics for circuit boards and semiconductors, which are essential components of high-speed communication data centers. With data centers expected to consume significantly more power by 2030, with a large portion dedicated to cooling servers, Maruwa’s focus on heat dissipation products has never been more relevant.

The success of Maruwa can be attributed to its long history, dating 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.