MALVERN, Pa. - Vishay Intertechnology, Inc. (NYSE: NYSE:VSH), a $2.45 billion market cap manufacturer of discrete semiconductors and passive electronic components, announced today the release of a new solid-state relay, the VOR1060M4, designed for fast switching in various applications. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 2.81, positioning it well for continued product innovation. This latest addition to Vishay's product portfolio offers a 600 V load voltage and a high isolation voltage of 3750 VRMS, housed in a low profile SOP-4 package.
The VOR1060M4 is intended for use in energy storage, industrial, and mobility applications, with a quick turn-on time of 0.3 ms typical and an exceptionally low leakage current of 2 nA. The device's rapid activation is made possible by an advanced infrared emitter and photovoltaic diode, positioning it as a suitable component for safety-critical systems.
Due to its low leakage current, the VOR1060M4 is also applicable in sensitive low-level circuits, ensuring minimal signal interference. Its compact design allows for space-saving benefits over alternative options on the market. The relay is engineered for isolated switching in a variety of settings, including inverters, motor controls, and battery management systems in energy storage systems, as well as industrial motor drives, power tools, controls, security, automation systems, and instrumentation.
The product is RoHS-compliant, halogen-free, and adheres to Vishay's Green standards. Automotive qualification inquiries are directed to local Vishay sales representatives. Currently, samples and production quantities of the VOR1060M4 are available, with a lead time of eight weeks.
Vishay Intertechnology is recognized for its extensive range of discrete semiconductors and passive electronic components, which are integral to innovative designs across several markets, including automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical industries. The company, listed on the NYSE and part of the Fortune 1000, operates globally under the registered trademark "The DNA of tech®."
This announcement is based on a press release statement from Vishay Intertechnology, Inc.
In other recent news, Vishay Intertechnology has announced adjustments to the conversion rates for its convertible senior notes due to its quarterly cash dividend program, as well as the authorization to repurchase additional shares of common stock. The conversion rate for Vishay's 2.25% Convertible Senior Notes due 2025 has been adjusted, and the company's Board of Directors has approved the repurchase of an additional 3.0 million shares of common stock. Vishay's intention to return at least 70% of its free cash flow to shareholders annually, after accounting for scheduled principal payments of long-term debt, is expressed through its Stockholder Return Policy.
In addition, Vishay Intertechnology has been identified as a significant beneficiary within Nvidia (NASDAQ:NVDA)'s supply chain for AI servers and the upcoming RTX 50 series graphics cards. The company is set to commence mass production as a new DrMOS supplier for Nvidia's anticipated RTX 50 series graphics cards in 2025.
Vishay Intertechnology has declared a dividend of $0.10 per share, payable to shareholders on record as of a recent date. The company's Board of Directors announced this dividend, with future dividends remaining contingent on Board approval.
Lastly, Vishay Intertechnology reported a stable third-quarter revenue of $735.4 million, despite facing headwinds such as inventory destocking and sluggish demand. The company is preparing for future demand recovery with its Vishay 3.0 plan, aiming to enhance customer engagement. These are recent developments that reflect Vishay's commitment to its long-term strategy, despite current economic challenges.
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