MALVERN, PA — In a strategic move aimed at expanding its manufacturing footprint and capacity, Vishay Intertechnology, Inc. (NYSE: VSH) recently announced the acquisition of Nexperia B.V.’s Newport wafer fabrication facility and operations in South Wales, U.K. The purchase, which is valued at approximately $177 million in cash, was facilitated by ATREG, Inc., a Seattle-based global firm known for brokering semiconductor manufacturing asset exchanges.
Newport Wafer Fab, an automotive-certified, 200mm semiconductor wafer fab, predominantly caters to the automotive markets. The facility, which spans 28 acres, holds the distinction of being the largest semiconductor manufacturing site in the UK.
The acquisition comes as part of Vishay’s ambitious investment plan, initiated under new management in early 2023. The company aims to invest around $1.2 billion over a three-year period to capitalize on the emerging trends in e-mobility and sustainability, which are critical for a Net Zero economy. “Adding Newport Wafer Fab to our manufacturing footprint will be instrumental to achieving our goal of expanding capacity for our customers and accelerating our SiC strategy,” said Joel Smejkal, President and CEO of Vishay.
Smejkal also emphasized that the acquisition aims to secure the positions of the highly skilled employees at Newport Wafer Fab while investing capital to ramp up production for their SiC Trench MOSFETs and diodes. He further highlighted Vishay’s intention to collaborate with the Compound Semiconductor Cluster in South Wales and other key stakeholders committed to developing the semiconductor industry in the UK.
Marc Zandman, Executive Chairman of the Board at Vishay, stated that the acquisition is a key element in their strategic shift towards profitable growth. “Acquiring Newport Wafer Fab demonstrates Vishay’s commitment to executing this strategic shift and to realizing improved returns for our stockholders,” he added.
This acquisition aligns with the company’s strategic goals and solidifies its position as a key player in the semiconductor industry. It also illustrates Vishay’s commitment to investing in technologies that capitalize on the megatrends in e-mobility and sustainability. With its strong cash flow, operational capabilities, and broad product portfolio, Vishay is well-positioned to leverage this acquisition for profitable growth and improved returns for shareholders.
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