MALVERN, Pa., May 21, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH ), one of the world's largest manufacturers of discrete semiconductors and passive components, announced today that the Company’s Board of Directors declared a dividend of $0.10 per share of common stock and Class B common stock, to be paid June 27, 2024 to stockholders of record as of the close of business June 13, 2024.
Key Points:
- MALVERN, Pa., May 21, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH ), one of the world's largest manufacturers of discrete semiconductors and passive components, announced today that the Company’s Board of Directors declared a dividend of $0.10 per share of common stock and Class B common stock, to be paid June 27, 2024 to stockholders of record as of the close of business June 13, 2024.
- Future dividends will be subject to Board approval.
MALVERN, Pa., May 08, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc., (NYSE: VSH), one of the world's largest manufacturers of discrete semiconductors and passive electronic components, today announced results for the fiscal first quarter ended March 30, 2024.
Key Points:
- MALVERN, Pa., May 08, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc., (NYSE: VSH), one of the world's largest manufacturers of discrete semiconductors and passive electronic components, today announced results for the fiscal first quarter ended March 30, 2024.
- “As expected, first quarter revenue declined 5% sequentially primarily due to ongoing semiconductor inventory digestion and lingering macro-economic uncertainties, particularly in Asia and Europe.
- Gross margin for the quarter included a 74-basis point negative impact from the addition of Newport,” said Joel Smejkal, President and Chief Executive Officer.
- A conference call to discuss Vishay’s first quarter financial results is scheduled for Wednesday, May 8, 2024 at 9:00 a.m.
MALVERN, Pa., April 23, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH) today issued the following statement from its Board of Directors in response to the press release issued on April 22, 2024 by Mountaineer Partners Management, LLC (“Mountaineer”) in which Mountaineer published its letter to the Board of Directors urging the Board to consider adopting and implementing a $600 million accelerated share repurchase.
Key Points:
- MALVERN, Pa., April 23, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH) today issued the following statement from its Board of Directors in response to the press release issued on April 22, 2024 by Mountaineer Partners Management, LLC (“Mountaineer”) in which Mountaineer published its letter to the Board of Directors urging the Board to consider adopting and implementing a $600 million accelerated share repurchase.
- Vishay regularly engages with our stockholders and welcomes constructive input focused on enhancing value.
- Vishay’s CEO has held numerous discussions with Mountaineer since his appointment to the position on January 1, 2023, and the senior management team met with stockholders most recently at the company’s Investor Day held on April 2, 2024.
- Vishay’s Board appreciates and is carefully evaluating the suggestion made by Mountaineer along with input from other stockholders to determine the course of action that is in the best interest of the company and all stockholders.
MALVERN, Pa., April 09, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc., (NYSE: VSH), will release its results for the fiscal first quarter ended March 30, 2024, before the New York Stock Exchange opens on Wednesday, May 8, 2024.
Key Points:
- MALVERN, Pa., April 09, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc., (NYSE: VSH), will release its results for the fiscal first quarter ended March 30, 2024, before the New York Stock Exchange opens on Wednesday, May 8, 2024.
- A conference call to discuss Vishay’s first quarter financial results is scheduled for Wednesday, May 8, 2024 at 9:00 a.m.
- To participate in the live conference call, please pre-register at https://register.vevent.com/register/BI24d4dbbe131d4b2ca1cfe925114ed017 .
- There will be a replay of the conference call available on the Investor Relations website approximately one hour following the call and will remain available for 30 days.
MALVERN, Pa., April 01, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc., (NYSE: VSH ) announced today that its Annual Meeting of Stockholders will be held at 9:00 a.m., U.S. eastern time, on Tuesday, May 21, 2024.
Key Points:
- MALVERN, Pa., April 01, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc., (NYSE: VSH ) announced today that its Annual Meeting of Stockholders will be held at 9:00 a.m., U.S. eastern time, on Tuesday, May 21, 2024.
- Vishay has adopted a virtual annual meeting in 2024.
- The annual meeting will be accessible to stockholders via the Internet at www.virtualshareholdermeeting.com/VSH2024 .
- Vishay has elected to utilize this process for the 2024 Annual Meeting of Stockholders.
MALVERN, Pa., March 26, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH) will host an Investor Day with the theme Vishay 3.0: Customers First, Business Minded, Growth Driven at the New York Stock Exchange on Tuesday, April 2, 2024.
Key Points:
- MALVERN, Pa., March 26, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH) will host an Investor Day with the theme Vishay 3.0: Customers First, Business Minded, Growth Driven at the New York Stock Exchange on Tuesday, April 2, 2024.
- Vishay’s management will discuss the company’s capacity expansion plans, growth strategy and financial targets from 9:00 a.m.to 12:30 p.m.
The Newport wafer fab, located on 28 acres, is an automotive-certified, 200mm semiconductor wafer fab with capacity to produce more than 30,000 wafers per month.
Key Points:
- The Newport wafer fab, located on 28 acres, is an automotive-certified, 200mm semiconductor wafer fab with capacity to produce more than 30,000 wafers per month.
- The fab is the UK’s largest semiconductor fab with a long history in supplying components to the automotive and industrial markets.
- Vishay plans to position the facility as a manufacturing excellence center focusing on Net Zero Transformation of decarbonization and electrification.
- Neptune 6 Limited is expected to be renamed “Vishay UK Holdings Limited” and Nexperia Newport Limited is expected to be renamed “Vishay Newport Limited”.
Retrieved on:
Tuesday, February 27, 2024
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Finance,
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Management MALVERN, Pa., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH) today announced that its Board of Directors has appointed David McConnell, Senior Vice President -Corporate Treasurer and Risk Management, to the role of Executive Vice President - Chief Financial Officer, replacing Lori Lipcaman who is resigning from that position.
Key Points:
- MALVERN, Pa., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH) today announced that its Board of Directors has appointed David McConnell, Senior Vice President -Corporate Treasurer and Risk Management, to the role of Executive Vice President - Chief Financial Officer, replacing Lori Lipcaman who is resigning from that position.
- In addition, David Tomlinson, Senior Vice President - Corporate Controller, has been promoted by the Board to the newly created role of Senior Vice President - Chief Accounting Officer reporting to Mr. McConnell.
- The new positions of Mr. McConnell and Mr. Tomlinson will take effect on March 1, 2024.
- Prior to joining Vishay in 1992, Mr. McConnell worked at Ernst & Young LLP serving large, multi-national clients in various industries.
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Thursday, February 15, 2024
MALVERN, Pa., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH ), one of the world's largest manufacturers of discrete semiconductors and passive components, announced today that the Company’s Board of Directors declared a dividend of $0.10 per share of common stock and Class B common stock, to be paid March 26, 2024 to stockholders of record as of the close of business March 14, 2024.
Key Points:
- MALVERN, Pa., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH ), one of the world's largest manufacturers of discrete semiconductors and passive components, announced today that the Company’s Board of Directors declared a dividend of $0.10 per share of common stock and Class B common stock, to be paid March 26, 2024 to stockholders of record as of the close of business March 14, 2024.
- Future dividends will be subject to Board approval.
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Wednesday, February 7, 2024
MALVERN, Pa., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc., (NYSE: VSH), one of the world's largest manufacturers of discrete semiconductors and passive electronic components, today announced results for the fiscal fourth quarter and year ended December 31, 2023.
Key Points:
- MALVERN, Pa., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc., (NYSE: VSH), one of the world's largest manufacturers of discrete semiconductors and passive electronic components, today announced results for the fiscal fourth quarter and year ended December 31, 2023.
- “For the fourth quarter, the trends in inventory adjustments, contracting lead times and softened demand in industrial end markets became more apparent.
- While customers continue to digest higher inventory levels, we proceeded to implement our strategy to broaden participation with our distribution partners,” said Joel Smejkal, President and Chief Executive Officer.
- A conference call to discuss Vishay’s fourth quarter financial results is scheduled for Wednesday, February 7, 2024 at 9:00 a.m.
