Risk Sleuth
VSH · 10-K filed 13 Feb 2026 · year to 31 Dec 2025

Vishay Intertechnology

28 named things its latest annual report says its results depend on, each in the company's own words. 21 of them are also named by other companies we've read.

Customers

Top 30 customers

concentrated in · approximately 74% of our total net revenues
Net revenues from our top 30 customers represent approximately 74% of our total net revenues.Business (Item 1)

U.S. government

earns fromnamed as a risk
We sell products under prime and subprime contracts with the U.S. government and other governments.Risk factors (Item 1A)

Also named by ADI, AIR, APH, ASTS, ATI, AVAV, AWK, BA and 46 more

Automotive market

earns fromnamed as a risk
A material portion of our revenues are derived from the worldwide industrial, automotive, telecommunications, and computing markets.Risk factors (Item 1A)

Also named by APH, TXN

Suppliers

Third-party foundries and subcontractors

depends onnamed as a risk
We use third-party foundries and subcontractors for certain of our manufacturing activities, primarily wafer fabrication, the assembly and testing of finished goods, and the manufacturing of certain commodity products.Risk factors (Item 1A)

Other companies

SOFR

exposed to its price · $219 million outstandingnamed as a risk
Future U.S. dollar borrowings under the revolving credit commitment will bear interest at SOFR plus 2.10%.Market risk (Item 7A)

Also named by AAP, AIOT, APG, APH, ARES, AXON, BGC, BR and 82 more

Vishay Precision Group

named as a risk
VPG has a worldwide, perpetual and royalty-free license from us to use the “Vishay” mark as part of its corporate name and in connection with the manufacture, sale, and marketing of the products and services that comprise its measurements and foil resistors businesses.Risk factors (Item 1A)

Competitors

Nexperia

competes with
MOSFETs: Infineon, Nexperia, ON Semiconductor, Renesas, STMicroelectronics, Toshiba.Business (Item 1)

Also named by MCHP, PAG

Murata

competes with
Capacitors: Kyocera, Murata, Nichicon, Panasonic, Taiyo Yuden, TDK-EPCOS, Yageo.Business (Item 1)

Places

China

operates in · 6,900named as a risk
These tariffs negatively impacted trade relationships between the governments of the U.S. and the impacted countries, specifically the People’s Republic of China.Risk factors (Item 1A)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Israel

operates in · 2,000named as a risk
Our business has been in operation in Israel for 55 years, where we have substantial manufacturing operations.Risk factors (Item 1A)

Also named by AIOT, AKAM, AMAT, AMGN, APP, ASTS, AVY, BSX and 31 more

Customers outside the United States

earns from · approximately 76% of our revenuesnamed as a risk
We have substantial operations outside the United States, and approximately 76% of our revenues during 2025 were derived from sales to customers outside the United States.Risk factors (Item 1A)

Also named by CW, MU

Taiwan

operates in · 1,900
In Asia, our main manufacturing facilities are located in the People’s Republic of China, the Republic of China (Taiwan), India, and Malaysia.Business (Item 1)

Also named by AAOI, AAPL, AB, ADI, AEHR, ALAB, AMAT, AMD and 50 more

Germany

operates in · 2,300
Our significant foreign subsidiaries are located in Germany, Israel, the United Kingdom, and Asia.Risk factors (Item 1A)

Also named by APO, AXGN, BF/B, CPRT, DASH, EBAY, GD, GDDY and 12 more

Mexico

operates innamed as a risk
We have substantial manufacturing facilities in Israel and Mexico.Business (Item 1)

Also named by AAP, AME, AMRC, ANET, AOS, ARES, AYI, AZO and 83 more

Newport wafer fab

operates innamed as a risk
A U.S.-domiciled subsidiary is funding the expansion and operations of the Newport wafer fabrication facility.Risk factors (Item 1A)

Itzehoe, Germany

operates innamed as a risk
Our capacity expansion plans include the expansion of the recently acquired Newport wafer fab, building a 12-inch wafer fab in Itzehoe, Germany adjacent to our existing 8-inch wafer fab, a new site in Mexico for power inductors and non-linear resistors, a resistor manufacturing expansion in Mexico, and expanded diode manufacturing in Taiwan and Turin, Italy.Risk factors (Item 1A)

Commodities and inputs

Copper

exposed to its pricenamed as a risk
Certain other metals used in the manufacture of our products, such as copper, are traded on active markets, and can also be subject to significant price volatility.Market risk (Item 7A)

Also named by AAON, AGX, AMKR, APG, APH, APLD, BMI, BWA and 58 more

Gold

exposed to its pricenamed as a risk
Many of the metals used in the manufacture of our products, including gold, copper, and palladium, are traded on active markets and can be subject to significant price volatility.Risk factors (Item 1A)

Also named by AMKR, APH, BLK, CDE, DC, EZPW, FCFS, FCX and 10 more

Israeli shekel

exposed to its pricenamed as a risk
Therefore, if the Israeli shekel, Czech koruna, British sterling, and Chinese renminbi strengthen against all or most of our other major currencies, our operating profit is reduced.Market risk (Item 7A)

Also named by AIOT, AMAT, INTC, KTOS, VPG

Palladium

exposed to its pricenamed as a risk
Palladium, a metal used to produce multi-layer ceramic capacitors, is currently found primarily in South Africa and Russia.Market risk (Item 7A)

Also named by JBL, LKQ, MXL, TTMI

Tantalum

depends onnamed as a risk
We are a major consumer of the world’s annual production of tantalum, a metal used in the manufacturing of tantalum capacitors.Market risk (Item 7A)

Also named by MTRN, UCTT, ZBH

Silicon wafers

exposed to its pricenamed as a risk
Silicon wafers are the most important raw material for the manufacturing of our semiconductor products.Market risk (Item 7A)

Also named by ADI, ALAB, QCOM

Czech koruna

exposed to its pricenamed as a risk
Therefore, if the Israeli shekel, Czech koruna, British sterling, and Chinese renminbi strengthen against all or most of our other major currencies, our operating profit is reduced.Market risk (Item 7A)

Also named by P, ZBRA

Regulators

Defense Electronic Supply Center

subject tonamed as a risk
We have qualified certain of our products under various military specifications approved and monitored by the United States Defense Electronic Supply Center and under certain European military specifications.Risk factors (Item 1A)

Laws and programs

U.S. Foreign Corrupt Practices Act

subject tonamed as a risk
The U.S. Foreign Corrupt Practices Act and similar foreign anti-corruption laws generally prohibit companies and their intermediaries from making improper payments or providing anything of value to improperly influence foreign government officials for the purpose of obtaining or retaining business, or obtaining an unfair advantage.Risk factors (Item 1A)

Also named by A, ADBE, ADP, AIR, AJG, ALB, AME, AMZN and 112 more

Superfund

subject tonamed as a risk
We are involved in remediation programs and related litigation at various current and former properties and at third-party disposal sites both within and outside of the United States, including involvement as a potentially responsible party at Superfund sites.Risk factors (Item 1A)

Also named by ABBV, ABT, AMD, CRS, ED, FLS, IR, KVUE and 4 more

Conflict minerals (Democratic Republic of the Congo)

subject tonamed as a risk
The determination that any of the raw materials used in our products are conflict minerals originating from the Democratic Republic of the Congo and adjoining countries could increase the probability that we will encounter the challenges noted above, incur additional expenses to comply with government regulations, and face public scrutiny.Market risk (Item 7A)

Also named by GNTX, ILMN, ISRG, KTOS, RVTY, TPR, WAT

U.S. tariffs on imported goods (2025)

subject tonamed as a risk
In 2025, the U.S. imposed tariffs on almost all imported goods.Risk factors (Item 1A)

Also named by AMGN, CHRW, LITE, M, TEX, UNFI