Vishay Intertechnology, one of the world's largest manufacturers of discrete semiconductors and passive electronic components, completed the acquisition of MaxPower Semiconductor, a San Jose, California based fabless power semiconductor provider, for $107m. "As Vishay orients the company for growth, innovation will play an important role, and we plan to intensify business development activities focused on acquiring technologies that offer attractive opportunities to expand our product portfolio and strengthen our competitive positioning. Importantly, this acquisition will enable Vishay to support customers’ advanced development of high voltage electrification applications thereby opening the door for us to provide them with our entire portfolio of products," Marc Zandman, Vishay Intertechnology Executive Chair of the Board.