31 October 2022
Vishay Intertechnology acquires MaxPower for $50m
Discrete semiconductor and passive electronic component maker Vishay Intertechnology Inc of Malvern, PA, USA has acquired fabless power semiconductor provider MaxPower Semiconductor Inc of San Jose, CA, USA for $50m (net of cash acquired) plus contingent payments of up to $57.5m upon the achievement of certain technology milestones and the occurrence of certain non-operating events. MaxPower will be incorporated into Vishay’s MOSFETs reportable segment.
With an IP portfolio of over 100 patents, MaxPower provides silicon and silicon carbide (SiC) MOSFET products using proprietary device structures and process techniques. Its SiC product development includes both trench and planar technologies from 650V to 1700V targeting automotive and industrial applications.
“As Vishay orients the company for growth, innovation will play an important role, and we plan to intensify business development activities focused on acquiring technologies that offer attractive opportunities to expand our product portfolio and strengthen our competitive positioning,” says executive chair Marc Zandman. “Importantly, this acquisition will enable Vishay to support customers’ advanced development of high-voltage electrification applications, thereby opening the door for us to provide them with our entire portfolio of products,” he adds.
“MaxPower’s team of world-renowned power semiconductor experts brings extensive experience in R&D, design and application of power devices, and we look forward to working with the team to develop product offerings that will serve fast-growing markets such as electric vehicles and enhance our leadership in MOSFETs,” says president & CEO Dr Gerald Paul.