News Article

Increase Of Capacity

Vishay announces acquisition of a specialty capacitor product line from Kemet.
Vishay Intertechnology announced the acquisition of a specialty capacitor (wet tantalum) product line from KEMET Corporation for $35.2 million and other consideration in the form of a three year term loan of $15 million. Sales of these products during Kemet's fiscal-year ended March 31, 2008 were approximately $16.0 million, of which approximately $7 million represent former Arcotronics products (acquired last year by KEMET) sold mostly outside of the US and approximately $9 million of original KEMET products sold mostly in the US. Worldwide sales during the quarter ended June 30, 2008 were $4.4 million. Closing is scheduled to occur by the close of business today.

Terms of the secured loan of $15 million to KEMET from Vishay include a three year non amortising maturity, an interest rate of LIBOR plus four percent, security consisting of accounts receivable currently in the amount of approximately $34 million, and certain limited events of default.

Dr. Felix Zandman, Executive Chairman of the Board and Chief Technical and Business Development Officer, and Dr. Gerald Paul, President and CEO, stated, "With this acquisition we broaden our product portfolio in specialty capacitors used in military, aerospace and medical applications. It fits our strategy to expand our product offering in specialty lines.”
Pfeiffer Vacuum Introduces Extremely Quiet, Dry Pumps
High-end Inertial Sensors: At The Dawn Of A Mass-adoption?
Infineon Withdraws Outlook For FY20
Semiconductor Memory Adoption To Be Augmented By Penetration Of Smartphones Across The Globe
Semiconductor Memory Market Worth Over USD 250 Bn By 2026
Critical Manufacturing Recognized By Gartner
ASYMTEK And DIMA Products Now Entirely Represented In Switzerland By Neutec Electronic AG
A Burgeoning Secondary SME Market Is Inevitable
ACM Research Launches Stress-Free Polishing Tool For Advanced Packaging Applications; Delivers First Tool To Leading Chinese OSAT
Semiconductor Manufacturing: Achieving Water Authority Compliance
Efinix’s Trion FPGA Silicon Platform Expands Into Europe
Security Lithography Advances To Thwart IC Counterfeiting
Particle Measuring Systems Releases 20 Nm Syringe Sampler
Park Systems Announces $1 Million Dollar Nano Research Grant Fund
50th Hollow Cathode Gas Plasma Source Ordered From Meaglow
Picosun Reinforces Local Operations During The COVID-19 Epidemic
Imec Demonstrates 24 Nanometer Pitch Lines With Single Exposure EUV Lithography
DISCO Presented With The Supplier Continuous Quality Improvement (SCQI) Award By Intel Corporation
SUSS MicroTec Purchases The Inkjet Printer Division Of Meyer Burger B.V.
Intel Shines Amidst The Carnage Of The 2019 Semiconductor Market
Mycronic Receives Order For An SLX Mask Writer
Picosun Delivers Multiple Production ALD Systems To Asia
EV Group Establishes Heterogeneous Integration Competence Center

Search the news archive

To close this popup you can press escape or click the close icon.
Register - Step 1

You may choose to subscribe to the Silicon Semiconductor Magazine, the Silicon Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.

Please subscribe me to:


You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: