Vishay Intertechnology, Inc. (Vishay) manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components that support innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets. Serving customers worldwide, Vishay brands itself as The DNA of tech.
Semiconductors include MOSFETs, diodes, and optoelectronic components. Passive components include resistors, inductors, and capacitor...
Vishay Intertechnology, Inc. (Vishay) manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components that support innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets. Serving customers worldwide, Vishay brands itself as The DNA of tech.
Semiconductors include MOSFETs, diodes, and optoelectronic components. Passive components include resistors, inductors, and capacitors. The company’s semiconductor components are used for a wide variety of functions, including power control, power conversion, power management, signal switching, signal routing, signal blocking, signal amplification, two-way data transfer, one-way remote control, and circuit isolation. The company’s passive components are used to restrict current flow, suppress voltage increases, store and discharge energy, control alternating current (‘AC’) and voltage, filter out unwanted electrical signals, and perform other functions.
Key Business Strategies
The company has entered into a new era at Vishay that focuses on being a customer first, business-minded company that is designed to drive profitable growth, which the company is calling Vishay 3.0. The company has identified eight strategic levers, such as internal capacity expansion; external capacity expansion; optimizing global manufacturing footprint; focusing on increasing the company’s technical resources, adding additional customer-facing engineers, and intensifying the company’s activities in R&D; enhanced channel management; leveraging the company’s insights into customer demand to continually develop new innovative products within the company’s existing lines and to modify the company’s existing core products to make them more appealing, addressing changing customer needs and industry trends; and mergers and acquisitions.
Another area of focus is the company’s introduction of solution selling, speaking to customer engineers about applications, and the performance improvement that Vishay components can bring from the full array of the company’s portfolio.
Products
The company designs, manufactures, and markets electronic components that cover a wide range of functions and technologies. The company’s products include commodity, non-commodity, and custom products in which the company enjoys a good reputation and strong brand recognition, including the company’s Siliconix, Dale, Draloric, Beyschlag, Sfernice, MCB, UltraSource, Applied Thin-Film Products, IHLP, HiRel Systems, Sprague, Vitramon, Barry, Roederstein, ESTA, BCcomponents, and Ametherm brands. The company promotes its ability to provide ‘one-stop shop’ service to customers, whereby they can streamline their design and purchasing processes by ordering multiple types of products from Vishay. The company’s technical sales force consisting of field application engineers offers customers the complete breadth of the Vishay portfolio for their applications. The company intends to use this broad portfolio to increase opportunities to have its components selected and ‘designed in’ to new end products.
The company considers any product which is completely interchangeable with a competitor’s product to be a ‘commodity product.’ Commodity products serve many markets. For 2024, commodity products comprised 27% of the company’s revenues.
The company considers products that generally are produced by a small number of competitors who have similar, but not exact, products to be ‘certified’ products. Certified products typically have a qualification and serve a particular end-use market. For 2024, certified products comprised 49% of the company’s revenues.
The company also sells several custom products. Usually, a custom product is designed for a specific customer, and such part number is sold to only that customer. For 2024, custom products comprised 24% of the company’s revenues.
The company evaluates its level of product innovation by measuring how much of the company’s revenue is derived from products developed in the previous five years. Products for certain end-use markets, particularly the automotive market, tend to have longer product life cycles, which may impact these metrics. Approximately 30% of the company’s annual revenues are generated by products that were developed in the previous five years.
Product Segments
The company’s products can be divided into two general classes: semiconductors and passive components. Semiconductors are sometimes referred to as ‘active components’ because they require power to function whereas passive components do not require power to function. The company’s semiconductor and passive components products are further categorized based on their functionality for financial reporting purposes.
Semiconductors
The company’s semiconductor products include metal oxide semiconductor field-effect transistors (‘MOSFETs’), diodes, and optoelectronic components. Semiconductors are typically used to perform functions, such as switching, amplifying, rectifying, routing, or transmitting electrical signals, power conversion, and power management.
MOSFETs Segment
MOSFETs function as solid state switches to control power. The company’s MOSFETs business includes both the commodity and non-commodity markets in which the company enjoys a good reputation and strong brand recognition (Siliconix). MOSFETs applications include mobile phones, notebook and desktop computers, tablet computers, digital cameras, televisions, DC/DC and AC/DC switch mode power supplies, solar inverters, automotive and industrial systems. The company is a leader in low-voltage TrenchFET MOSFETs and also offer high-voltage MOSFETs. The company’s MOSFETs product line includes low- and medium-voltage TrenchFET MOSFETs, high-voltage planar MOSFETs, high voltage Super Junction MOSFETs, power integrated circuits (power ICs), and integrated function power devices. The company is one of the technology leaders in MOSFETs, with a tradition of innovation in wafer design, packaging, and performance. The company’s acquisition of MaxPower Semiconductor, Inc. (‘MaxPower’) adds leading edge silicon and silicon carbide technology to the company’s MOSFETs product line. The company’s acquisition of Nexperia's Newport fab on March 5, 2024 will enhance the manufacturing capacity and capabilities of the company’s MOSFETs segment.
In 2024, commodity products comprised 37% of the company’s annual MOSFETs segment revenues. Certified products comprised 47% of the company’s annual MOSFETs segment revenues. Custom products comprised 16% of the company’s annual MOSFETs segment revenues. Approximately 35% of the company’s annual MOSFETs segment revenues were generated by products that were developed in the previous five years.
Diodes Segment
Diodes route, regulate, and block radio frequency, analog, and power signals; protect systems from surges or electrostatic discharge damage; or provide electromagnetic interference filtering. The company’s Diodes business has a strong market presence in both the commodity and non-commodity markets. The products that comprise the company’s Diodes business represent its broadest product line and include rectifiers, small signal diodes, protection diodes, thyristors/SCRs and power modules. The primary application of rectifiers, found inside the power supplies of virtually all electronic equipment, is to derive DC power from the AC supply. Vishay is the worldwide leader in rectifiers, having a broad technology base and a good position in automotive, industrial, computing and consumer markets. The company’s rectifier innovations include TMBS using Trench MOS barrier Schottky rectifier technology, which reduces power loss and improves the efficiency of end systems and eSMP, the best in class high-current density surface mount packages. The company’s wide selection of small signal diodes consist of the following functions: switching, tuning, band-switching, RF attenuation and voltage regulation (Zener). They are available in various glass and plastic packaging options and generally are used in electronic circuits, where small currents and high frequencies are involved. Vishay is also one of the market leaders for TVS (transient voltage suppressor) diodes. The portfolio of protection diodes includes ESD protection and EMI filter. The company’s thyristors or SCR (silicon-controlled rectifiers) are very popular in the industrial high-voltage AC power control applications. The fast growing markets of solar inverter and HEV/EV are the focus of the company’s power modules business (IGBT or MOSFET modules). These modules can be customized to fit in different customer design requirements.
In 2024, commodity products comprised 56% of the company’s annual Diodes segment revenues. Certified products comprised 26% of the company’s annual Diodes segment revenues. Custom products comprised 18% of the company’s annual Diodes segment revenues. Approximately 25% of the company’s annual Diodes segment revenues were generated by products that were developed in the previous five years.
Optoelectronic Components Segment
Optoelectronic components emit light, detect light, or do both. The company’s broad range of standard and customer specific optoelectronic components includes infrared (‘IR’) emitters and detectors, IR remote control receivers, optocouplers, solid-state relays, optical sensors, light-emitting diodes (‘LEDs’), 7-segment displays, and IR data transceiver modules (IrDA). The company’s IR remote control receivers are designed for use in infrared remote control, data transmission, and light barrier applications in end products including televisions, set-top boxes, notebook computers, and audio systems. The company is the leading manufacturer of IR remote control receivers. The company’s optocouplers electrically isolate input and output signals. Uses include switch-mode power supplies, consumer electronics, telecommunications equipment, solar inverters, and industrial systems. The company’s IR data transceiver modules are used for short range, two-way, high-speed, and secure wireless data transfer between electronic devices, such as home medical appliances, mobile phones, industrial data loggers, and metering. The company’s optical sensors products include ambient light sensors, optical encoders, integrated photodiode and I/V amplifiers, proximity sensors, color sensors, and UV sensors. Applications include telecommunications, mobile phones, smartphone, handheld devices, digital cameras, laptops, desktop computers, LED backlighting, office automation equipment, household electrical appliance and automotive electronics. The company’s LEDs are designed for backlighting and illumination in automotive and other applications. The company’s LEDs include ultra-bright, as well as small surface-mount packages, with products available in all standard colors including white.
All of the company’s Optoelectronic Components segment products are certified or custom products.
Passive Components
The company’s passive components include resistors, inductors, and capacitors. Passive components are used to store electrical charges, to limit or resist electrical current, and to help in filtering, surge suppression, measurement, timing, and tuning applications.
Resistors Segment
Resistors impede electric current. Resistors are basic components used in all forms of electronic circuitry to adjust and regulate levels of voltage and current. The company’s Resistors business is the company’s original business. The company maintains the broadest portfolio of resistor products worldwide. The company is a market leader with a strong technology base, many specialty products, and strong brand recognition (such as the company’s Dale, Draloric, Beyschlag, Sfernice, and Ametherm brands). The company focuses on higher value markets in specialized industries, while maintaining a complete portfolio of commodity products. The company does not aim to be the volume leader in commodity markets.
The company manufactures virtually all types of fixed resistors, both in discrete and network forms, as well as many variable types.
Vishay resistor innovations include Power Metal Strip technology. These resistors feature very low resistance and are used to measure changes in current flow (current sensing) or divert current flow (shunting).
In 2024, commodity products comprised 16% of the company’s annual Resistors segment revenues. Certified products comprised 52% of the company’s annual Resistors segment revenues. Custom products comprised 32% of the company’s annual Resistors segment revenues.
Inductors Segment
Inductors also impede electric current. Inductors use an internal magnetic field to change alternating current phase and resist alternating current. The company is a market leader with a strong technology base, many specialty products, and strong name recognition (such as the company’s IHLP and HiRel Systems brands). The company focuses on higher value markets in specialized industries, such as the industrial, automotive, military, and medical end markets.
Inductor applications include controlling AC current and voltage, filtering out unwanted electrical signals, and energy storage. Vishay inductor innovations include the company’s patented IHLP low-profile, high-current inductor technology with industry-leading specifications. The company’s low-profile, high-current inductors save circuit board space and power in voltage regulator module (‘VRM’) and DC to DC converter applications. In addition, the company is a worldwide leader in custom magnetic solutions focusing on high performance and high reliability.
Substantially all of the company’s Inductors segment products are certified or custom products.
Capacitors Segment
Capacitors store energy and discharge it when needed. The company’s Capacitors business consists of a broad range of reliable, high-quality products. The company has a strong presence worldwide in specialty markets based on its product performance and reliability and strong brand recognition (including the company’s Sprague, Vitramon, Roederstein, BCcomponents, and ESTA brands). The company focuses on higher value markets in specialized industries, while maintaining a complete portfolio of commodity products. The company does not aim to be the volume leader in commodity markets. Capacitors are used in almost all electronic circuits. They store energy and discharge it when needed. Important applications for capacitors include electronic filtering for linear and switching power supplies; decoupling and bypass of electronic signals for integrated circuits and circuit boards; and frequency control, timing and conditioning of electronic signals for a broad range of applications.
The company manufactures products based on all major capacitor technologies: tantalum (molded chip tantalum, coated chip tantalum, solid through-hole tantalum, wet tantalum, and polymer), ceramic (multilayer chip and ceramic disc), film, power, heavy-current, and aluminum electrolytic. The company’s capacitors range from tiny surface-mount devices for hearing aids and mobile devices to large power correction capacitors used in renewable energy, heavy industry, and electrical power grids. The company is a recognized technology leader in many product ranges, securing its strong position in military and medical markets, and in a wide range of industrial and automotive applications. The company’s wet tantalum and MicroTan technologies are market leaders.
In 2024, commodity products comprised 23% of the company’s annual Capacitors segment revenues. Certified products comprised 52% of the company’s annual Capacitors segment revenues. Custom products comprised 25% of the company’s annual Capacitors segment revenues.
Military Qualifications
The company has qualified certain of its products under various military specifications approved and monitored by the United States government agencies, and under certain European military specifications.
Customers and Marketing
The company sells its products to original equipment manufacturers (‘OEMs’), electronic manufacturing services (‘EMS’) companies, which manufacture for OEMs on an outsourcing basis, and independent distributors that maintain large inventories of electronic components for resale to OEMs and EMS companies.
The company’s sales organizations are regionally based. While the company’s sales and support procedures are typically similar across all regions, the company remains flexible in its ability to offer programs tailored to the company’s customers’ specific support requirements in each local area.
The company has an established Strategic Global Account program, which provides each of the company’s top customers with a dedicated Strategic Global Account Manager. The company’s Strategic Global Account Managers are typically highly experienced salesmen or saleswomen who are capable of providing key customers with the coordination and management visibility required in a complex multi-product business relationship. The Strategic Global Account Manager normally is the focal point of communication between Vishay and the company’s main customers. The company maintains a similar program for the company’s strategic distributors as well.
The company works with its customers so that its products are incorporated into the design of electronic equipment at the earliest stages of development and to provide technical and applications support. In addition to the company’s staff of direct field sales personnel, independent manufacturers’ representatives, and distributors, the company’s Business Development group maintains teams of dedicated Field Application Engineers (‘FAEs’) to assist the company’s customers in solving technical problems and in developing products to meet specific customer application needs using the company’s entire product portfolio to provide support for the company’s customers’ engineering needs. Organized by market segment, the company’s Business Development FAEs bring specific knowledge of component applications in their areas of expertise in the automotive, telecommunications, computer, consumer/entertainment, industrial, peripherals, digital consumer, and other market segments. Most importantly, the process is closely monitored via a proprietary database developed by the company’s Business Development group. The company’s database captures specific design activities and allows for real-time measurement of new business potential for the company’s management team.
The company’s top 30 customers have been relatively stable despite not having long-term commitments to purchase the company’s products. With selected customers, the company has signed longer term (greater than one year) contracts for specific products.
In certain areas the company also works with sales representatives.
Competition
The company’s primary competitors by product type include:
MOSFETs: Infineon, ON Semiconductor, Renesas, STMicroelectronics, Toshiba.
Diodes: Diodes Inc., Nexperia, ON Semiconductor, Rohm, STMicroelectronics.
Optoelectronic Components: Broadcom, ON Semiconductor, Renesas, Toshiba.
Resistors: Bourns, KOA, Murata, Panasonic, Rohm, TDK-EPCOS, Yageo.
Inductors: Bourns, Cyntec, Murata, Panasonic, Taiyo Yuden, TDK-EPCOS, Yageo.
Capacitors: Kyocera, Murata, Nichicon, Panasonic, Taiyo Yuden, TDK-EPCOS, Yageo.
Research and Development
The company’s research and development expenses (exclusive of purchased in-process research and development) were $120,126 for the year ended December 31, 2024.
Environmental Health and Safety
The company has adopted an Environmental Health and Safety Corporate Policy that commits the company to achieve and maintain compliance with applicable environmental laws, to promote proper management of hazardous materials for the safety of the company’s employees and the protection of the environment, and to minimize the hazardous materials generated in the course of the company’s operations.
History
Vishay Intertechnology, Inc. was founded in 1962. The company was incorporated in Delaware in 1962.
