Vishay acquires MaxPower Semi
Acquisition adds SiC technologies to Vishay's MOSFET product offerings
Vishay Intertechnology, a large manufacturer of discrete semiconductors and passive electronic components, has acquired MaxPower Semiconductor, Inc.
MaxPower is a San Jose, California based fabless power semiconductor with a substantial IP portfolio of over 100 patents covering silicon and SiC MOSFETs. Its SiC product development includes both trench and planar technologies from 650V to 1,700V 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,” said Marc Zandman, executive chair of the board. “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.”
“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,” said Gerald Paul, president and CEO.
The purchase price was comprised of cash consideration at closing of $50.0 million, net of cash acquired, and contingent payments of up to $57.5 million that will be payable 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.