In a significant development within the semiconductor industry, Key Foundry, an 8-inch pure-play foundry based in Korea, has inked a long-term supply agreement with Vishay Intertechnology Inc. (NYSE: VSH), a global leader in discrete semiconductors and passive electronic components. The partnership is set to enhance the production of multiple power MOSFET products, crucial components known for their low loss, high-speed switching, and reliability in high-voltage, high-current operations. These MOSFETs find applications in a wide array of electronic devices.
Market analysis by OMDIA forecasts a steady growth trajectory for the power discrete market, anticipating a Compound Annual Growth Rate (CAGR) of 6% from $21.2 billion in 2022 to a projected $28.4 billion market in 2027. Vishay’s expertise in power semiconductors spans various sectors, including automotive DC-DC converters, battery management systems, HVAC control, LED lighting, as well as consumer and industrial products such as TVs, refrigerators, washing machines, and VR/AR devices.
The long-term foundry service agreement signed between Key Foundry and Vishay encompasses the production of multiple power MOSFET products, with mass production slated to commence in 2024. Additionally, both entities are engaged in discussions regarding future product development.
Joel Smejkal, President, and CEO of Vishay, expressed optimism about the collaboration, stating, “With this agreement, we are addressing our MOSFET supply constraints, especially for our automotive and industrial customers. Key Foundry stood out due to its capabilities and proactive approach, and we anticipate synergies through our collaboration.”
Derek D. Lee, CEO of Key Foundry, highlighted the significance of this partnership, saying, “Key Foundry is dedicated to enhancing its process technologies and strengthening marketing, quality, and production capabilities. This collaboration with Vishay marks a step forward in our mission to become a leading specialty foundry, with a particular focus on expanding the supply of automotive semiconductors.”
Vishay Intertechnology, Inc., a Fortune 1,000 Company listed on the NYSE, is renowned for its extensive range of discrete semiconductors and passive electronic components essential for innovative designs in various sectors, including automotive, industrial, computing, consumer electronics, telecommunications, military, aerospace, and medical markets. With this partnership, both Key Foundry and Vishay are poised to play pivotal roles in meeting the rising demands of the automotive semiconductor industry.
