Vishay Intertechnology

Resistors, capacitors, diodes, MOSFETs and inductors are the humble parts that make every circuit board work, and Vishay is one of the broadest makers of them. Founded in 1962 by Felix Zandman around a precision foil-resistor technology, the company grew by acquisition into a full catalog of discrete semiconductors and passive components sold to automotive, industrial, telecom and consumer manufacturers. Individually these parts are cheap and unglamorous, but they ship in enormous volume and sit in nearly everything electronic, so demand is broad but tied to the industrial and auto cycles. Based in Malvern, Pennsylvania, Vishay competes on breadth, reliability and price rather than on any single flashy product. Content growth in cars, especially the switch to electric drivetrains that need far more components, is a key driver of the story.

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