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Vishay Intertechnology and Walsin Technology Announce Joint Participation in Technological and Marketing Alliance
MALVERN, PENNSYLVANIA — October 31, 2003 — Vishay Intertechnology, Inc. (NYSE: VSH) and Walsin Technology Corporation have announced their joint participation in a technological and marketing alliance. This alliance was formally initiated at a signing ceremony on Saturday, October 25, at The Sherwood in Taipei, Taiwan. The ceremony featured speeches by Mr. Y.H. Chiao, Chairman of Walsin Technology, and Dr. Gerald Paul, President and Chief Operating Officer of Vishay Intertechnology.
Walsin Chairman Mr. Y.H. Chiao, in his speech at the October 25 signing ceremony, stated "Walsin, as a world-class passive component manufacturer, is very pleased to initiate this alliance with Vishay, one of the world's leading manufacturers of discrete semiconductors and passive electronic components. Our alliance is a positive response to the industry consolidation trend, as well as a good example of transforming competition into cooperation. I believe the alliance between Vishay and Walsin Tech will provide many synergies, and will lead to increased market penetration and industry segment expansion for both parties."
Dr. Gerald Paul, Vishay President and COO, stated "Vishay is very pleased to take part in this important technological and marketing agreement with Walsin, a global leader in passive component technology. Both Vishay and Walsin are committed to innovations in technology, superior product quality, customer service, and effective resource allocation. This agreement will benefit current and future customers worldwide of both Walsin and Vishay."
Also attending the October 25 signing ceremony from Vishay were Ms. Lori Lipcaman, Senior Vice President and Controller; Mr. Christopher Tan, President, Asia; and Mr. Clarence Tse, Senior Vice President, Power Diodes Division.
Vishay, a Fortune 1,000 Company listed on the NYSE, is one of the world's largest manufacturers of discrete semiconductors (diodes, rectifiers, transistors, optoelectronics, and selected ICs) and passive electronic components (resistors, capacitors, inductors, and transducers). The Company's components can be found in products manufactured in a very broad range of industries worldwide. Vishay is headquartered in Malvern, Pennsylvania, and has plants in sixteen countries employing over 25,000 people. Vishay can be found on the Internet at http://www.vishay.com/.
Vishay Intertechnology, Inc., a Fortune 1000 Company listed on the NYSE (VSH), is one of the world's largest manufacturers
of discrete semiconductors (diodes, MOSFETs, and infrared optoelectronics) and passive electronic components (resistors, inductors,
and capacitors). These components are used in virtually all types of electronic devices and equipment, in the industrial,
computing, automotive, consumer, telecommunications, military, aerospace, power supplies, and medical markets. Vishay’s product
innovations, successful acquisition strategy, and "one-stop shop" service have made it a global industry leader. Vishay can
be found on the Internet at www.vishay.com.