VISHAY INTERTECHNOLOGY Business Summary

Vishay Intertechnology Inc (VSH) operates as a global manufacturer and supplier of discrete semiconductors and passive electronic components, generating revenue through the high-volume sale of essential hardware to original equipment manufacturers (OEMs) and distributors. The company’s business is organized into six primary product segments: MOSFETs, Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors. These components serve as the fundamental building blocks for electronic designs in the automotive, industrial, computing, and telecommunications sectors, with a strategic 2026 focus on high-growth verticals such as AI-driven power management and electric vehicle (EV) infrastructure. Vishay competes directly with major industry players including Analog Devices (ADI), onsemi (ON), STMicroelectronics (STM), and Yageo, positioning itself as a broad-spectrum, "one-stop-shop" supplier known for its extensive intellectual property portfolio and vertical integration. Founded in 1962 by Dr. Felix Zandman, a physicist and Holocaust survivor who pioneered Bulk Metal foil resistor technology, the company remains heavily influenced by its founding legacy. The current leadership team is led by President and CEO Joel Smejkal, a 30-year company veteran who took the helm in 2023 to execute the "Vishay 3.0" growth strategy. Key executives include Roy Shoshani, who serves as Executive Vice President, Chief Operating Officer of Semiconductors, and Chief Technical Officer, and David McConnell, the Executive Vice President and Chief Financial Officer. The Zandman family maintains significant influence through Marc Zandman, who serves as Executive Chairman and Chief Business Development Officer, and Ruta Zandman, who holds substantial voting power on the Board of Directors. Notable institutional backing includes major positions from Vanguard and BlackRock, alongside the enduring equity stake held by the Estate of Dr. Felix Zandman.