MALVERN, Pa., Oct. 31, 2022 (GLOBE NEWSWIRE) — Vishay Intertechnology, Inc., (NYSE: VSH), one of the world’s largest manufacturers of discrete semiconductors and passive electronic components, announced that on October 28, 2022, Vishay acquired MaxPower Semiconductor, Inc. The purchase price was comprised of cash consideration at closing of $50.0 million, net of cash acquired, and contingent payments of up to $57.5 million that will be payable upon the achievement of certain technology milestones, and the occurrence of certain non-operating events. MaxPower will be incorporated into Vishay’s MOSFETs reportable segment.
MaxPower is a San Jose, California based fabless power semiconductor provider dedicated to delivering innovative and cost-effective technologies that optimize power management solutions. With a substantial IP portfolio of over 100 patents, MaxPower’s proprietary device structures and process techniques provide leading edge silicon and SiC MOSFET products. Its SiC product development includes both trench and planar technologies from 650V to 1,700V targeting automotive and industrial applications.
“As Vishay orients the company for growth, innovation will play an important role, and we plan to intensify business development activities focused on acquiring technologies that offer attractive opportunities to expand our product portfolio and strengthen our competitive positioning,” said Marc Zandman, Executive Chair of the Board. “Importantly, this acquisition will enable Vishay to support customers’ advanced development of high voltage electrification applications thereby opening the door for us to provide them with our entire portfolio of products.”
“MaxPower’s team of world-renowned power semiconductor experts brings extensive experience in R&D, design and application of power devices and we look forward to working with the team to develop product offerings that will serve fast-growing markets such as electric vehicles and enhance our leadership in MOSFETs,” said Dr. Gerald Paul, President and Chief Executive Officer.
About Vishay
Vishay manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components that are essential to innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets. Serving customers worldwide, Vishay is The DNA of tech.™ Vishay Intertechnology, Inc. is a Fortune 1,000 Company listed on the NYSE (VSH). More on Vishay at www.Vishay.com.
