Vishay plans $56.4M chip venture with Kaynes Technology

Available on EDGAR 11/12/2026 - 09:11 AM EST Accepted by SEC EDGAR 11/12/2026 - 09:11 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Vishay Intertechnology, Inc. entered into a binding term sheet with Kaynes Technology India Limited to establish a semiconductor manufacturing joint venture in India. Under the proposed terms, Vishay would invest $56.4 million for a 49% interest in an existing Kaynes Technology subsidiary, while Kaynes Technology would retain a 51% interest. The proposed transaction remains subject to definitive agreements, required approvals and other customary closing conditions.

The joint venture plans to establish captive back-end manufacturing capabilities for Vishay, including post-fabrication wafer processing, assembly, test and packaging, and may also provide services to third-party customers. Future funding is expected from both parties based on their ownership interests. Vishay has rights to determine certain matters, including auditor appointments, internal controls and IT systems, vendor and equipment selection, and approval of customers outside the Vishay group; specified reserved matters require both parties’ approval. The parties plan to file a joint application for central and state government support under India Semiconductor Mission 2.0.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Proposed investment: $56.4 million Vishay proposed ownership interest: 49% Kaynes Technology ownership interest: 51%

3 metrics

Proposed investment $56.4 million For Vishay's proposed 49% interest in an existing Kaynes Technology subsidiary

Vishay proposed ownership interest 49% Proposed joint venture

Kaynes Technology ownership interest 51% Proposed joint venture

Key Terms

captive semiconductor back-end manufacturing capabilities, post-fabrication wafer processing, reserved matters

3 terms

captive semiconductor back-end manufacturing capabilities technical

"captive semiconductor back-end manufacturing capabilities for Vishay"

post-fabrication wafer processing technical

"including post-fabrication wafer processing, assembly, test, and packaging"

reserved matters technical

"specified reserved matters require both parties' approval"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much would VSH invest in the India joint venture?

Vishay would invest $56.4 million for a 49% interest in an existing subsidiary of Kaynes Technology India Limited, which would retain a 51% interest. The proposed transaction remains subject to definitive agreements, required approvals and other customary closing conditions.

What would VSH's India semiconductor joint venture produce?

The joint venture plans to establish captive semiconductor back-end manufacturing capabilities for Vishay, including post-fabrication wafer processing, assembly, test and packaging. It may also provide services to third-party customers.

What authority would VSH have in the proposed joint venture?

Vishay would have rights to determine certain matters, including auditor appointments, internal controls and IT systems, vendor and equipment selection, and approval of customers outside the Vishay group. Specified reserved matters require both parties’ approval. The parties also plan to apply jointly for central and state government support under India Semiconductor Mission 2.0.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported) November 12, 2026

Vishay Intertechnology, Inc.

(Exact name of registrant as specified in its charter)

Delaware	1-7416	38-1686453
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)

63 Lancaster Avenue Malvern, PA	19355-2143
(Address of Principal Executive Offices)	Zip Code
Registrant's telephone number, including area code    610-644-1300

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading symbol	Name of exchange on which registered
Common stock, par value $0.10 per share	VSH	New York Stock Exchange

1

Item 8.01 - Other Events

On November 12, 2026, Vishay Intertechnology, Inc. ("Vishay"), through a wholly-owned subsidiary, entered into a binding term sheet with Kaynes Technology India Limited ("Kaynes Technology") to establish a semiconductor manufacturing joint venture in India.  The joint venture entity plans to establish captive semiconductor back-end manufacturing capabilities for Vishay, including post-fabrication wafer processing, assembly, test, and packaging, and may also provide services to third-party customers.  In accordance with the terms and conditions of the binding term sheet, Vishay and Kaynes Technology plan to file a joint application to avail the joint venture entity of central and state government support under the recently announced India Semiconductor Mission 2.0 program.

Pursuant to the term sheet, Vishay would invest $56.4 million for a 49% interest in an existing subsidiary of Kaynes Technology, while Kaynes Technology would retain a 51% interest.  Any future funding of the joint venture is expected to be made by both parties based on their respective ownership interests.  In accordance with the terms and conditions of the binding term sheet, Vishay has rights to determine certain matters for the joint venture entity, including appointment of auditors, internal controls and IT systems, selection of vendors and equipment, and approval of customers outside the Vishay group; specified reserved matters require both parties' approval.

The proposed transaction remains subject to the execution of definitive agreements, required approvals and other customary closing conditions.

Item 9.01 – Financial Statements and Exhibits

(d) Exhibits

Exhibit No.			Description
	104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

2

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: November 12, 2026

	VISHAY INTERTECHNOLOGY, INC.
	By:		/s/ David L. Tomlinson
	Name:		David L. Tomlinson
	Title:		Senior Vice President – Chief Accounting Officer

0000103730 false 0000103730 2026-11-12 2026-11-12

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION - SCHEMA 3.0 KB
• EX-101 XBRL TAXONOMY EXTENSION - LABEL LINKBASE 19.5 KB
• EX-101 XBRL TAXONOMY EXTENSION - PRESENTATION LINKBASE 10.7 KB