Vishay Intertechnology

Vishay Intertechnology, Inc.

20122012

ANNUAL
REPORT

Corporate Headquarters // 63 Lancaster Avenue

Malvern, PA 19355-2120 // United States

p: 610.644.1300 // f: 610.296.0657

© Copyright 2013 Vishay Intertechnology, Inc.

® Registered trademarks of Vishay Intertechnology, Inc., and other parties.

All rights reserved.

SALES by SEgmEnt, 2012

SALES by REgion, 2012

26%

20%

20%

28%

10%

MoSFets

DIoDeS

22%

INFRAReD/oPto
ReSIStoRS/INDUCtoRS

CAPACItoRS

37%

37%

AMeRICAS

ASIA
eURoPe

SALES by EnD mARKEt, 2012

SALES by SALES ChAnnEL, 2012

7%

15%

4%

7%

7%

29%

AUtoMotIVe 

20%

teLeCoMMUNICAtIoNS 

INDUStRIAL

PoWeR SUPPLIeS

MILItARY/AeRoSPACe 

11%

MeDICAL 

CoMPUtING

CoNSUMeR

52%

42%

DIStRIBUtIoN* 

6%

eMS

oeM

* Distribution includes Logistics   
  Service Providers with 5%

“I am committed to Vishay’s Growth Plan, the goal of which is 
to increase earnings per share to enhance stockholder value. 
Vishay’s focus is intensified organic growth and opportunistic 
acquisitions of niche businesses.”

Marc Zandman 
Executive Chairman of the Board

LEttER FRom thE 
ExECutivE ChAiRmAn

In 2012, Vishay Intertechnology celebrated the fiftieth anniversary 
of its founding. the Company that began as a start-up fueled by 
Dr. Felix Zandman’s vision has grown to become one of the world’s 
largest manufacturers of discrete semiconductors and passive 
electronic components and a leader in the global electronics 
industry. 

Although many things have changed since 1962, electronics has 
remained an industry driven by new ideas, technologies, and market 
opportunities. Virtually every type of electronic device and system, 
from tablet computers to automotive systems to medical devices, 
uses types of electronic components manufactured by Vishay. 
Vishay remains committed to innovation. It is part of Vishay’s DNA, 
and helps the Company to meet changing market demands and 
remain an industry leader.

I am committed to Vishay’s Growth Plan, the goal of which is to 
increase earnings per share to enhance stockholder value. Vishay’s 
focus is intensified organic growth and opportunistic acquisitions of 
niche businesses. 

In 2012, we demonstrated our commitment to enhancing 
stockholder value by implementing another stock buy-back 
program.

LEttER FRom thE
ChiEF ExECutivE oFFiCER 

Year 2012 was a rough year for Vishay and the electronics industry. 
economic fluctuations are a fact of life in our industry, and Vishay 
has experienced many upturns and downturns over the years. Yet 
the Company continued to demonstrate the double earnings power 
made possible by our major restructuring efforts during 2008 and 
2009—our business model works. 

In 2012, Vishay generated “free cash” (the amount of cash 
generated from operations in excess of capital expenditures and 
net of proceeds from the sale of assets) of $147 million. Vishay has 
generated consistently in excess of $100 million “free cash” in each 
of the past seven years.

Despite the challenges that Vishay and its competitors faced 
during 2012, Vishay continued to implement its Growth Plan. the 
Company is focused on driving stockholder value by increasing 
earnings per share through intensified organic growth, targeted 
acquisitions of niche businesses, and opportunistic stock buybacks, 
while at the same time maintaining a prudent capital structure. 

During 2012 we strengthened our R&D and design-in efforts. We 
expanded manufacturing capacities ahead of the demand curve 
for critical product lines such as high-voltage Super Junction 
MoSFets, trench and other diodes, surface-mount couplers 
and infrared receivers, high-current power inductors, specialty 
magnetics, power resistors, and power capacitors. We have 
increased our technical staff by 15% since December 2009 in order 
to better support timely product development and design-in efforts. 
We responded to market opportunities in Asia by enlarging our 

Vishay Intertechnology

Also in 2012, Vishay acquired HiRel Systems, a leading supplier of 
high-reliability transformers, inductors, coils, and power conversion 
products. our HiRel business is performing very well. this 
acquisition will be followed by others, as Vishay targets companies 
whose products and customers will enable Vishay to enhance its 
“one-stop shop” service for complete discrete component solutions 
and increase market share.  

today Vishay, like its competitors, faces many challenges. However, 
I look forward with confidence. With our experienced management 
team, ongoing commitment to technological innovation, solid 
financial foundation, and 
very broad customer base, 
we are well prepared for the 
future. 

I thank Vishay’s employees, 
customers, vendors, 
strategic business partners, 
and stockholders. thank 
you for your dedication to 
the Company during 2012 
and your role in its success.

Marc Zandman
executive Chairman of the Board

technical sales force there 
by 25% to push design-in 
of our specialty products, 
primarily in local industrial 
markets. We added sales 
offices in northern China. 
And we did all this while 
reducing our overall selling, 
general, and administrative 
expenditures year over year.

We have entered 2013 with 
confidence. I am certain 
that Vishay’s Growth Plan 
will continue to serve it well 
during the years to come.  

I sincerely thank Vishay’s 
employees, customers, 
vendors, strategic business partners, and stockholders for their 
support during 2012, and look forward to the future.

Dr. Gerald Paul
Chief executive officer

1

thE 
viShAy
StoRy

Dr. Felix Zandman, with a loan from his cousin Alfred P. Slaner, founded Vishay 
in 1962 to develop and manufacture Bulk Metal® foil resistors. the Company 
was named after Dr. Zandman’s ancestral village in Lithuania, in memory of 
family members who perished in the Holocaust. the Company’s initial product 
portfolio consisted of foil resistors and foil resistance strain gages.

PASSivE ComPonEnt ACquiSitionS

During the 1960s and 1970s, Vishay became known as the 
world’s leading manufacturer of foil resistors, PhotoStress® 
products, and strain gages. (these products later became 
part of Vishay Precision Group [NYSe: VPG], which was spun 
off as an independent, publicly-traded company in 2010 
through a tax-free stock dividend to Vishay Intertechnology 
stockholders.) Vishay’s decision to grow through acquisitions 
proved very successful. Starting in 1985, Vishay acquired 
resistor companies Dale electronics (U.S.), Draloric electronic 
(Germany), and Sfernice (France). these acquisitions helped 
produce dramatic sales growth. 

In the early 1990s, Vishay applied its acquisition strategy to 
the capacitor market by purchasing Sprague electric (U.S.), 
Roederstein (Germany), and Vitramon (U.S.). In 2002, Vishay 
purchased BCcomponents, the former passive component 
businesses of Philips electronics (Netherlands) and Beyschlag 
(Germany). 

over the years, Vishay made several smaller passive 
components acquisitions. these include electro-Films, Cera-
Mite, and Spectrol in 2000; tansitor and North American 
Capacitor Company (Mallory) in 2001; the thin film interconnect 
business of Aeroflex in 2004; Phoenix do Brasil in 2006; and 
the wet tantalum capacitor business of KeMet in 2008.

Vishay restarted its acquisition program in 2011 with the 
purchase of the resistor businesses of Huntington electric, 
composed of Huntington, Milwaukee, Central, and Mills 
Resistors. In 2012, Vishay acquired HiRel Systems, a leading 
supplier of high-reliability transformers, inductors, coils, and 
power conversion products. 

ExPAnSion into SEmiConDuCtoRS

In 1998, Vishay acquired the Semiconductor Business Group 
of teMIC, which included telefunken (Germany) and 80.4% 
of Siliconix (U.S.), producers of MoSFets, RF transistors, 
diodes, optoelectronic products, and power and analog 
switching integrated circuits. Vishay’s next semiconductor 
acquisition came in 2001, with the purchase of the infrared 
component business of Infineon technologies (Germany). 
that was followed the same year by the acquisition of 
General Semiconductor (U.S.), a leading global manufacturer 
of rectifiers and diodes. these 2001 acquisitions enhanced 
Vishay’s existing telefunken and Siliconix businesses and 
propelled Vishay into the top ranks of discrete semiconductor 
manufacturers.

Vishay: high-voltage planar MoSFets and high-power diodes 
and thyristors.

Vishay’s acquisition strategy now focuses on opportunistic 
small to mid-size acquisitions of niche businesses to 
supplement organic growth.

gLobAL inDuStRy LEADER

Vishay offers one of the industry’s broadest portfolios of 
electronic components. Its “one-stop shop” service for 
electronic components enables customers to streamline their 
design and purchasing processes by ordering multiple types of 
components from Vishay. In addition, Vishay has demonstrated 
an ability to customize components to meet specific customer 
needs. these benefits make Vishay a solutions provider and a 
valuable partner to customers.

Vishay is very well positioned to provide components for new 
macroeconomic growth drivers such as connectivity, mobility, 
and sustainability. through its R&D, process engineering, and 
product marketing programs, it generates a steady stream 
of innovative components to help designers create new 
generations of end products.

Vishay discrete semiconductors and passive components 
are used in virtually all types of electronic devices and 
equipment in the industrial, computing, automotive, consumer, 
telecommunications, military, aerospace, power supply, 
and medical markets. Vishay’s global footprint includes 
manufacturing plants in the Americas, Asia, europe, and 
Israel, as well as sales offices worldwide. Vishay is a market 
and technology leader in several key product areas. Vishay’s 
technology innovations, acquisition strategy, focus on cost 
control, “one-stop shop” service to customers, and custom 
design capabilities have made it a global industry leader.

DR. ZAnDmAn’S LEgACy

When Dr. Felix Zandman, Vishay’s founder and executive 
Chairman of the Board, passed away in 2011, he left a lasting 
legacy. His high standards and values are embedded in 
Vishay’s culture. they influence the ethical business practices 
and actions implemented by Vishay personnel across the 
globe, every day. Marc Zandman, as executive Chairman of 
the Board, and Dr. Gerald Paul, as President and Ceo, are 
committed to building upon Dr. Zandman’s efforts and leading 
Vishay through its next phase of continued growth.

DRiving StoCKhoLDER vALuE  

In 2005, Vishay purchased the remaining 19.6% of Siliconix 
shares. two years later, Vishay acquired selected discrete 
semiconductor and module product lines from International 
Rectifier. this acquisition added manufacturing plants in Italy, 
China, and India and provided products that were new to 

Vishay is focused on driving stockholder value by increasing 
earnings per share (ePS). It will do this through intensified 
organic growth, targeted acquisitions, and opportunistic stock 
buybacks, while at the same time maintaining a prudent capital 
structure. 

2

Vishay Intertechnology

Vishay has broad market penetration with a wide range of end 
markets, a balanced geographic footprint, and a good mix of 
sales channels. Vishay’s diverse customers include original 
equipment manufacturers (oeMs) of end products; distributors 
that sell to end customers at an international, regional, or local 
level; and electronic manufacturing services (eMS) companies 
that design and/or manufacture end products on an outsourcing 
basis.

Vishay is a reliable generator of “free cash” (the amount of cash 
generated from operations in excess of capital expenditures 
and net of proceeds from the sale of assets). the Company is 
committed to remaining cash positive regardless of the level 
of sales. elements of its Growth Plan include accelerating 
development of new products and technologies, improving 
market penetration, expanding manufacturing capacities, 
increasing technical resources, and developing markets for 
specialty products in Asia.

nEw PRoDuCt DEvELoPmEnt

Important areas of new product development include MoSFets 
(high-voltage, mid-voltage, and low-voltage); integrated 
solutions with diodes, MoSFets, power ICs, and inductors; 
power modules with IGBts, diodes, MoSFets, and silicon-
controlled rectifiers; rectifiers with miniaturized packages; 
high-power infrared emitters; multi-functional optical sensors; 
specialty power inductors; custom magnetics; high-power 
current sense resistors; automotive-qualified thick film resistors; 
specialty thin film resistors; and several types of capacitors, 
including models designed for industrial, automotive, and 
medical applications.

DRiving 
StoCKhoLDER 
vALuE  
Vishay is focused on driving 
stockholder value by 
increasing ePS. It will do this 
through intensified organic 
growth, targeted acquisitions, 
and opportunistic stock 
buybacks, while at the same 
time maintaining a prudent 
capital structure.  

RECENT  
VISHAY AWARDS

  Electronic Products Product of the Year Award

  EDN Hot 100 Products 

  EDN China Innovation Awards

  Electronic Products China top-10 Power Product 

Award

  Electronic Design Annual top 101 Components

  China Annual Creativity in electronics (ACe) Award

  China Electronic Market editors’ Choice Award

  Arrow electronics Silver-Level Perfect order 

Awards 

  Mouser electronics Best in Class Award 

  SPDeI (French association of distributors of 
electronic components) top Supplier Awards

Vishay Intertechnology

3

DivERSE 
ComPonEntS
SEMICONDUCTORS
moSFEtS

Metal-oxide-semiconductor field-effect transistors (MoSFets) function 
as solid-state switches to control power. For example, they turn off 
specific functions of smartphones when these functions are not in 
use, thereby extending battery life. they also help convert power 
into levels required by other components. Vishay offers low-voltage 
trenchFet® power MoSFets, medium-voltage power MoSFets, high-
voltage planar MoSFets, high-voltage Super Junction MoSFets, 
and automotive-grade MoSFets that switch and manage power very 
efficiently. Vishay is a market and technology leader in low-voltage 
power MoSFets.

intEgRAtED CiRCuitS (iCs)

Integrated circuits combine the functions of multiple semiconductors 
and passive components on a single chip. IC products from Vishay 
are focused on analog signal switching and routing, power conversion, 
and power management. they are used in end products such as 
tablet, notebook, and desktop computers; smartphones; fixed 
telecommunications systems; and other products and systems. the 
Vishay IC portfolio includes power management and power control ICs, 
smart load switches, and analog switches and multiplexers.

RECtiFiERS

Rectifiers convert alternating current (AC) into direct current 
(DC), a unidirectional current required for operation of many 
electronic systems. For example, a bridge rectifier is used in a 
phone charger to change the AC voltage from a wall outlet to a 
specific DC voltage. Vishay rectifiers, including tMBS®, FReD Pt®, 
HeXFReD®, Superectifier®, eSMP®, and isoCink+™ devices, save 
space, reduce power losses, and improve efficiency in computing, 
telecommunications, and other areas. Vishay is a market and 
technology leader in power rectifiers.

DioDES AnD thyRiStoRS

Diodes and thyristors are semiconductor components that allow 
voltage to be conducted in only one direction. Most diodes are based 
on semiconductor p-n junctions; in thyristors there are four layers 
of p-n material creating three p-n junctions. Both types of devices 
are used in a wide range of electronic systems to route, switch, and 
block radio frequency (RF), analog, and power signals. the Vishay 
diodes portfolio includes a variety of devices, as well as products 
for transient voltage suppression (tVS), electrostatic discharge 
(eSD) protection, and electromagnetic interference (eMI) 
filtering.

Discrete semiconductors (including rectifiers, 

diodes, MOSFETs, and optoelectronic 

components) typically perform the function of 

switching, amplifying, rectifying, or transmitting 

electrical signals. Semiconductors are referred 

to as “active” components because they require 

power to function.

moDuLES

Modules integrate multiple electronic components. this packaging 
provides an easy way to cool the devices and to connect them to 
outer circuitry, thus simplifying and optimizing designs. Vishay power 
modules include input modules (with diodes and thyristors), output and 
switching modules (with MoSFets, insulated-gate bipolar transistors 
[IGBts], and diodes), and custom modules. Vishay holds an important 
position in the rectifier modules (diode/thyristor) area. It is focused on 
power management, energy savings, green energy generation, and the 
development of application-specific modules.

inFRARED oPtoELECtRoniCS

optoelectronic components emit light, detect light, or do both. Vishay’s 
broad range of optoelectronic components includes infrared (IR) 
emitters and detectors, IR remote control receivers, optical sensors for 
detection, optocouplers and solid-state relays for circuit isolation, LeDs 
for light sources, 7-segment displays, IR data transceiver modules 
for wireless, two-way data transfer, and custom products. Vishay is a 
market and technology leader in infrared components. 

®   G e n IV 
Tre n c h F E T
S F E T s

O

M

SiP 3 2 4 5 8/SiP 3 2 4 5 9   

w itc h e s

L o a d S

S ®  

B

M

1 7 0 V T
R e ctifiers

e S

M

P

®   

Tra n sie nt V olta g e 
R e ctifiers a n d 
S erie s 
S u p pre s s ors

Hig h-V olta g e  
E S erie s  
S F E T s

O

M

N L 3 0 2 0 
P ro xi m ity 
S e n s or

V C

4

Vishay Intertechnology
Vishay Intertechnology

E

Q  S erie s 
V J H IF R
C  R F 
C a p a citors)
L C

( M

W  0 4 0 6 A T 
T hin Fil m  C hip 
R e sistors

C

M

Z -5 A 

IH L P -6 7 6 7 G
Hig h- C urre nt 
In d u ctor

W

Passive components (resistors, capacitors, 

and inductors) do not require a power 

supply to handle the signals that pass 

through them. They are used to store 

electrical charges, to limit or resist electrical 

current, and to help in filtering, surge 

suppression, measurement, timing, and 

tuning applications.

S 1 1 0 0 
P o w er R e sistor
T hic k Fil m   

L P

S

B

M 8 5 1 8 
P o w er  M etal 
Strip ®  B attery 
S h u nt R e sistor

m  

T 1 6  W et T a ntalu
C a p a citor

PaSSIvE COMPONENTS
RESiStoRS

Resistors restrict current flow. Vishay manufactures many different 
types of resistive products, including single (discrete) resistors based 
on film, wirewound, Power Metal Strip®, and other technologies, as 
well as resistor networks and arrays, in which multiple resistors are 
combined in a single package. Vishay also manufactures battery 
management shunts, chip fuses, variable resistors (including 
potentiometers), and non-linear resistors (including thermistors, used 
for current protection and temperature sensing). Vishay is a market and 
technology leader in wirewound and other power resistors, leaded film 
resistors, and thin film surface-mount resistors.

inDuCtoRS

Inductors, a category of magnetics, use an internal magnetic field to 
change AC current phase and resist AC current. Inductor functions 
include controlling AC current and voltage and filtering out unwanted 
electrical signals. transformers, also a type of magnetics, are made up 
of two inductors on a common core of magnetic material. transformers 
increase or decrease AC voltage or AC currents. Vishay innovations 
include IHLP® power inductors, which outperform competing devices. 
Vishay is a market and technology leader in power inductors and 
custom magnetics.

CAPACitoRS

Capacitors store energy and discharge it when needed. Applications 
include power conversion, DC-linking, frequency conversion, bypass, 
decoupling, and filtering. types of capacitors manufactured by Vishay 
Intertechnology include tantalum (both solid and wet), ceramic (both 
multilayer chip and disc), film, power, heavy-current, and aluminum. 
Vishay is a market and technology leader in wet and conformal-coated 
tantalum capacitors, as well as capacitors for power electronics. 
Vishay is also one of the largest manufacturers of molded tantalum 
surface-mount capacitors. 

Vishay Intertechnology

5

DivERSE
mARKEtS

Vishay Intertechnology customers are found in nearly every major market 
sector. Vishay components are used around the world for energy generation, 
manufacturing, communications, transportation, illumination, entertainment, 
cooking, heating and cooling, medical monitoring and treatment, defense, and 
more. Highlighted below are key major market sectors, applications, and Vishay 
components.

inDuStRiAL 

miLitARy AnD AERoSPACE

Vishay manufactures one of the industry’s broadest lines of military-
qualified resistors and capacitors, as well as a number of inductors, 
diodes and rectifiers, MoSFets, and analog switches that meet the 
needs of military and aerospace customers. Vishay components 
are used in mission-critical applications in flight, cockpit, and cabin 
equipment in aircraft and helicopters; navigation and weather 
satellites; radar and sonar units; radio and satellite communications; 
guidance systems; and other military and aerospace equipment and 
systems. For example, airplane cockpit panels include MoSFets, 
Schottky rectifiers, thick film chip resistors, potentiometers, IHLP® 
power inductors, MICRotAN® tantalum capacitors, and other Vishay 
components. 

the industrial market includes electric power grids, power distribution 
systems, smart meters, wind and solar power systems, oil and gas 
exploration equipment, factory automation, heating and air conditioning 
systems, testing and measurement equipment, escalators and elevators, 
surveillance systems (including smoke, gas, and water detectors), 
lighting ballasts, power tools, welding equipment, and more. electronic 
components from Vishay help to manage and convert power, drive and 
control motors, sense temperature, and perform other tasks in industrial 
applications.  Wind turbine systems, for example, include high-power 
semiconductor modules, high-voltage MoSFets, power ICs, diodes 
and rectifiers, optical isolators, shunt resistors, crowbar resistors, 
thermistors, inductors/electromagnetic interference (eMI) filters, and 
power capacitors. 

tELECommuniCAtionS 

Vishay components for handheld telecommunications devices support 
a number of functions including radio frequency modulation, audio 
and video recording and playback, charge control, DC/DC conversion, 
load control, and peripheral connectivity. Vishay provides a broad 
range of components for eMI filtering, line card protection, and 
other applications in transmission systems, base stations, access 
infrastructure, and customer premises equipment. Vishay components 
for telecommunications applications include MoSFets, power ICs, 
analog switches and multiplexers, diodes and rectifiers, several types 
of resistors including Power Metal Strip®, chip fuses, IHLP® power 
inductors, several types of capacitors, solid-state relays, and proximity 
and ambient light sensors. 

6

Vishay Intertechnology

mEDiCAL

types of components manufactured by Vishay are used 
in medical implantable devices such as nerve stimulators, 
pacemakers, and defibrillators. they are used in patient 
monitoring systems and medical instrumentation including 
blood pressure cuffs, handheld blood glucose meters, X-ray 
machines, MRI systems, and CRt equipment. Vishay is a 
leading manufacturer of telemetry coils for pacemakers and 
defibrillators and transformers for defibrillators, as well as 
multilayer ceramic chip capacitors and tantalum capacitors 
for implantable devices and hearing aids. Vishay components 
for pacemakers include MICRotAN® tantalum chip capacitors, 
multilayer ceramic chip capacitors, MoSFets, thin film top-
contact resistors, telemetry coils, and thick film resistors. 
Vishay provides close engineering support to medical 
customers. 

viShAy’S bLuE-ChiP  
CuStomERS AnD DiStRibutoRS

Apple 
Arrow 
Avnet 
Bosch 
Celestica 
Cisco 
Compal 
Continental 
Dell 
Delphi 
Delta 
Digi-Key 
emerson

ericsson 
Flextronics 
Foxconn 
Future 
General electric 
Hella 
Hewlett- 
  Packard                               
Honeywell 
Huawei 
IBM 
Jabil 
LG electronics

Motorola 
Nintendo 
Nokia 
Nokia Siemens 
  Networks       
Philips 
Power one 
Quanta 
Rutronik 
Samsung 
Sanmina-SCI 
Schneider 
Siemens

Sony 
tomen 
tRW  
ttI 
Weikeng 
Western Digital 
Wistron 
WPG 
Yosun 
Zenitron 
Zte 
…and others

ComPuting

Vishay components in computers, from network servers to 
tablets, handle the high currents, fast transients, and excessive 
heat associated with rapid microprocessing speeds; manage 
power; filter out unwanted electrical signals; and perform 
other functions. Vishay components are included in embedded 
systems, solid-state discs, and switches and routers. In portable 
computing devices, they convert power, monitor power usage, 
extend battery life, enable short-range, two-way, wireless 
connectivity, and support other functions. they also are found in 
peripherals including printers, photocopiers, graphics cards, and 
wireless charging devices. electronic components in computer 
equipment include MoSFets, diodes and rectifiers, power ICs, 
infrared receiver modules, resistors, inductors, and capacitors.

PowER SuPPLiES

Adapters, converters, and uninterruptible power supplies (UPS) 
handle electric current from main power grids and batteries and 
adjust it for use by all types of devices — from small, portable 
products to large industrial equipment. Power supplies must 
meet various power quality, efficiency, energy saving, and safety 
regulations. their capabilities range from very low (milliwatts) 
to very high (kilowatts). Vishay components for power supplies 
include Super Junction MoSFets, tMBS® diodes, tandem 
diodes, and Hyperfast rectifiers for power factor correction; film 
and aluminum electrolytic  capacitors for eMI suppression; and 
transient voltage suppressors for inrush protection; as well as 
trenchFet® MoSFets, power rectifiers, couplers, Power Metal 
Strip® current sense resistors, and IHLP® power inductors. 

ConSumER

entertainment products (including tVs, e-book readers, game 
consoles, set-top boxes, and more), home appliances (including 
heating and cooling systems, washers and dryers, and other 
appliances), and other consumer products use types of 
components manufactured by Vishay. For example, LCD tVs 
contain electronic components for power conversion, analog/
digital signal switching, audio amplification, interface protection, 
infrared receiving, gesture recognition, eMI filtering, rectification, 
power factor correction, and other functions. these components 
include MoSFets, power ICs, analog switches, several types 
of diodes and rectifiers, optocouplers, infrared receivers, 
resistors, thermistors, inductors/eMI filters, aluminum electrolytic 
capacitors, and more. 

AutomotivE

Very hot under-the-hood temperatures, cold weather, 
and vibration are just some of the stresses placed upon 
automotive components. Vishay components are used 
in a wide variety of automotive systems including engine 
control, exhaust, heating/ventilation/air conditioning (HVAC), 
steering, braking and safety, transmission, stop/start, lighting, 
infotainment, driver assistance systems, and navigation. 
In hybrid and fully electric vehicles they are used in main 
inverters, high-voltage bus systems, battery management, and 
energy recuperation systems. As an example of the key roles 
played by Vishay components in automobiles, electric power 
steering systems include customized MoSFet modules, 
optical sensors, Power Metal Strip® current sense resistors, 
IHLP® power inductors, and aluminum electrolytic boost 
capacitors. 

Vishay Intertechnology

7

PRoDuCt LiSt

SEmiConDuCtoRS

MOSFETs Segment
MoSFets

Low-Voltage trenchFet® Power MoSFets
Medium-Voltage Power MoSFets
High-Voltage Planar MoSFets
High-Voltage Super Junction MoSFets
Automotive-Grade MoSFets 

ICs

Power Management and Power Control ICs
Smart Load Switches
Analog Switches and Multiplexers 

Diodes Segment
Rectifiers

Schottky Rectifiers
Ultra-Fast Recovery Rectifiers
Standard and Fast Recovery Rectifiers
High-Power Rectifiers/Diodes
Bridge Rectifiers
Small-Signal Diodes

Schottky and Switching Diodes
Zener Diodes
tuner/Capacitance Diodes
Bandswitching Diodes
RF PIN Diodes
Protection Diodes

tVS Diodes or tRANSZoRB® (unidirectional,  
  bidirectional)
eSD Protection Diodes (including arrays)

thyristors/SCRs

Phase-Control thyristors
Fast thyristors

Power Modules

Input Modules (diodes and thyristors)
output and Switching Modules (contain  
  MoSFets, IGBts, and diodes)
Custom Modules

Optoelectronic Components Segment
Infrared emitters and Detectors
optical Sensors
Infrared Remote Control Receivers
optocouplers

Phototransistor, Photodarlington
Linear
Phototriac
High-Speed
IGBt and MoSFet Driver

Solid-State Relays
LeDs and 7-Segment Displays
Infrared Data transceiver Modules
Custom Products

PASSivE ComPonEntS

Resistors and                   
Inductors Segment
Film Resistors

Metal Film Resistors
thin Film Resistors
thick Film Resistors
Power thick Film Resistors
Metal oxide Film Resistors
Carbon Film Resistors

Wirewound Resistors

Vitreous, Cemented, and  
  Housed Resistors
Braking and Neutral  
  Grounding Resistors
Custom Load Banks

Power Metal Strip® Resistors
Battery Management Shunts
Chip Fuses
Variable Resistors

Cermet Variable Resistors
Wirewound Variable Resistors
Conductive Plastic Variable  
  Resistors
Contactless Potentiometers 

Networks/Arrays
Non-Linear Resistors
NtC thermistors
PtC thermistors 
Varistors

Magnetics

Inductors
transformers
Coils
Connectors

Capacitors Segment
tantalum Capacitors

Molded Chip tantalum Capacitors
Coated Chip tantalum Capacitors
Solid through-Hole tantalum  
  Capacitors
Wet tantalum Capacitors

Ceramic Capacitors

Multilayer Chip Capacitors
Disc Capacitors

Film Capacitors
Power Capacitors
Heavy-Current Capacitors
Aluminum Capacitors

February 23, 2012 was the 
fiftieth anniversary of the 
founding of Vishay by Dr. 
Felix Zandman. While it has 
undergone many changes 
since 1962, the Company 
— like the industry in which 
it operates — continues 
to be driven by new ideas, 
technologies, and market 
opportunities. 

8

Vishay Intertechnology

CoRPoRAtE
inFoRmAtion

boARD oF DiRECtoRS 

Marc Zandman 
Executive Chairman of the Board
Chief Business Development Officer
Vishay Intertechnology, Inc. 
Dr. Abraham Ludomirski 
Founder and Managing Director of 
Vitalife Fund, a venture capital company 
specializing in high-tech electronic  
medical devices
Frank D. Maier 
Retired Managing Director  
TEMIC GmbH 

Dr. Gerald Paul 
President 
Chief Executive Officer  
Vishay Intertechnology, Inc.
Wayne M. Rogers 
Investor, specializing in small and mid-size 
acquisitions; stock commentator and analyst for 
Fox News Channel
Ronald M. Ruzic 
Retired Group President 
BorgWarner Automotive, Inc.

Ziv Shoshani  
President 
Chief Executive Officer 
Vishay Precision Group, Inc. 

thomas C. Wertheimer 
Accounting Consultant,  
previously partner of  
PricewaterhouseCoopers LLP
Ruta Zandman 
Private Stockholder
Vishay Intertechnology, Inc.

honoRARy ExECutivE
ChAiRmAn oF thE boARD
Dr. Felix Zandman
(Deceased June 4, 2011) 

CoRPoRAtE oFFiCE
Vishay Intertechnology, Inc. 
63 Lancaster Ave. 
Malvern, PA 19355-2120  USA 
Phone: 610-644-1300 
Fax: 610-296-0657 
www.vishay.com

AnnuAL mEEting
May 23, 2013 at 9:30 a.m. 
Vishay Intertechnology, Inc.
Auditorium 
63 Lancaster Avenue 
Malvern, PA 19355

Peter Henrici 
Senior Vice President 
Corporate Secretary
David L. tomlinson 
Senior Vice President 
Corporate Controller
David e. McConnell
Vice President
Corporate Treasurer

CoRPoRAtE oFFiCERS 
Marc Zandman 
Executive Chairman of the Board
Chief Business Development Officer
Dr. Gerald Paul 
President 
Chief Executive Officer 
Lori Lipcaman
Executive Vice President 
Chief Financial Officer
Dieter Wunderlich
Executive Vice President
Chief Operating Officer
Johan Vandoorn
Executive Vice President
Chief Technical Officer
David Valletta
Executive Vice President 
Worldwide Sales

StoCKhoLDER ASSiStAnCE 
For information about stock transfers, address 
changes, account consolidation, registration 
changes, lost stock certificates, and Form 
1099, contact the Company’s Transfer Agent 
and Registrar.
transfer Agent and Registrar
American Stock Transfer & Trust Company 
59 Maiden Lane 
New York, NY 10038 
Phone: 800-937-5449 
Fax: 718-921-8331  
Email: info@amstock.com 
For other information or questions, contact 
Investor Relations at (610) 644-1300.

Common Stock
Ticker symbol: VSH 
The common stock is listed and 
principally traded on the New York 
Stock Exchange.
Duplicate Mailings
If you receive more than one Annual Report 
and Proxy Statement and wish to help us 
reduce costs by discontinuing multiple mailings, 
contact our Transfer Agent American Stock 
Transfer & Trust Company. 

electronic Proxy Materials
You can receive Vishay’s Annual 
Report and proxy materials 
electronically, which will give you 
immediate access to these materials, 
and will save the Company printing 
and mailing costs. If you are a 
registered holder (you own the stock 
in your name), and wish to receive 
your proxy materials electronically, 
go to  
www.icsdelivery.com/vsh. 
If you are a street holder (you own 
this stock through a bank or broker), 
please contact your broker and ask 
for electronic delivery of Vishay’s 
proxy materials.

Vishay Intertechnology, Inc.

Build Vishay
into your Design

Corporate Headquarters // 63 Lancaster Avenue
Malvern, PA 19355-2120 // United States
p: 610.644.1300 // f: 610.296.0657

© Copyright 2013 Vishay Intertechnology, Inc.
® Registered trademarks of Vishay Intertechnology, Inc., and other parties.
All rights reserved.

www.vishay.com

VMN-AR2012-1303