Vishay Powers Up: Completes $177M Acquisition Of Nexperia's Wafer Fab In Major UK Semiconductor Push
Portfolio Pulse from Nabaparna Bhattacharya
Vishay Intertechnology, Inc. (NYSE:VSH) has completed the acquisition of Nexperia's wafer fabrication facility in Newport, South Wales, U.K., for $177 million in cash. The acquisition aims to bolster Vishay's semiconductor manufacturing capabilities, particularly in automotive-certified semiconductors, and aligns with its goals for decarbonization and electrification. Since the announcement of the deal on November 8, 2023, VSH shares have increased by almost 3%.
March 06, 2024 | 10:16 am
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Vishay Intertechnology, Inc. completes the acquisition of Nexperia's wafer fab for $177M, aiming to enhance its semiconductor manufacturing capabilities.
The acquisition of Nexperia's wafer fabrication facility by Vishay Intertechnology represents a significant expansion of Vishay's manufacturing capabilities, particularly in the automotive-certified semiconductor sector. This strategic move is likely to be viewed positively by investors, as evidenced by the nearly 3% increase in VSH shares since the announcement of the deal. The focus on decarbonization and electrification aligns with global trends towards sustainability and could position Vishay favorably in the market.
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