VSH - Vishay Intertechnology acquires California semiconductor firm

• Vishay Intertechnology ( NYSE: VSH ) has acquired California-based fabless power semiconductor provider, MaxPower Semiconductor.
• The purchase price was comprised of cash consideration at closing of $50M, net of cash acquired, and contingent payments of up to $57.5M 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 ( VSH ) MOSFETs reportable segment. With a substantial IP portfolio of over 100 patents, MaxPower's proprietary device structures and process techniques provide leading edge silicon and SiC MOSFET products.

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