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    SEPIC Converter with Coupled and Uncoupled Inductors

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    SEPIC Converter with Coupled and Uncoupled Inductors

    Coupled Inductors in SEPIC versus Flyback Converters

    Vishay Releases High Current 3.3 V to 36 V ESD Protection Diodes

    TDK Extends SMT Gate Drive Transformers to 1000 V

    Non-Linear MLCC Class II Capacitor Measurements Challenges

    Researchers Demonstrated HfO Anti-Ferroelectric Flexible Capacitors

    Connector Industry Achieves Double-Digit Growth

    Stackpole Unveils Metal Element High Current Chip Jumpers

    Common Mistakes in Flyback Transformer Specs

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    SEPIC Converter with Coupled and Uncoupled Inductors

    Coupled Inductors in SEPIC versus Flyback Converters

    Non-Linear MLCC Class II Capacitor Measurements Challenges

    Percolation Phenomenon and Reliability of Molded Power Inductors in DC/DC converters

    Root Causes and Effects of DC Bias and AC in Ceramic Capacitors

    How to Calculate the Output Capacitor for a Switching Power Supply

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Vishay Intertechnology Implements Restructuring Actions

25.9.2024
Reading Time: 2 mins read
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Vishay Intertechnology, Inc., one of the world’s largest manufacturers of discrete semiconductors and passive components, announced that it is implementing restructuring actions designed to optimize the Company’s manufacturing footprint and streamline business decision-making as it executes its Vishay 3.0 growth strategy.

The restructuring actions will be implemented in phases and include:

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  • Selling, general, and administrative functions will be streamlined beginning immediately and through 4Q 2025, resulting in severance payments to approximately 170 employees, or 6% of the SG&A workforce.
  • The closure of three manufacturing facilities. A Diodes segment back-end facility in Shanghai, China is expected to be closed by the end of 2026 with production transfers completed in phases beginning 4Q 2025. In addition, two small facilities in the Resistors segment in Fichtelberg, Germany, and in Milwaukee, Wisconsin, are expected to be closed in 2026. As a result of these facility closures, Vishay will reduce its direct labor by approximately 365 employees, or 2% of its total manufacturing labor workforce.
  • Various changes in manufacturing operations and production transfers, which will result in severance payments to approximately 260 employees.

The Company expects to incur pre-tax cash charges of approximately $38 to $42 million, primarily related to severance costs, as a result of these programs, mostly in 3Q 2024. Once the program is fully implemented by the end of 2026, Vishay expects to realize annualized cost savings of at least $23 million of which approximately $12 million is expected to be in selling, general and administration expenses. The Company expects to realize immediate annualized cost savings of approximately $9 million. Beginning 1Q 2025, the Company expects to realize approximately $12 million in annualized cost savings.  

“As we implement Vishay 3.0, reshaping the Company and preparing for our next phase of growth, we continuously task ourselves with identifying opportunities to best foster a business minded approach to decision making, further enhance our customer first focus and improve cost efficiencies,” said Joel Smejkal, Vishay’s President and Chief Executive Officer. “With that in mind, we are undertaking these restructuring actions in part to eliminate barriers to execution and to intensify the sense of urgency. We’re also taking our first step to optimize our global manufacturing footprint, closing smaller single product line facilities and moving toward campus manufacturing structures with multiple product lines. Collectively, these actions will help us execute our five-year growth strategy to accelerate our revenue growth rate, expand profitability and drive higher returns.”

The Company’s estimates of the costs related to its cost reduction programs and anticipated annual savings represent its current best estimates.  However, such estimates are preliminary and subject to change as the Company implements these programs.

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Source: Vishay

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