Vishay completes $177M acquisition of Nexperia's Newport wafer fab to accelerate SiC production

VISHAY INTERTECHNOLOGY INC

Acquired Nexperia's Newport (UK) wafer fab for approx $177M cash, net of cash acquired.
Facility is 200mm automotive-certified 200mm fab with capacity >30,000 wafers/month; UK's largest semiconductor fab.
Vishay plans to qualify and scale SiC MOSFETs and diodes, accelerating SiC production and technology development.
Acquired 100% of Neptune 6 Limited (to be renamed Vishay UK Holdings) and subsidiary Nexperia Newport Limited (to be renamed Vishay Newport Limited).
Deal funded with cash on hand; further plans to be detailed at Investor Day on April 2, 2024.

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