Key Foundry and Vishay Intertechnology Inc. have signed an agreement for multiple power MOSFET products. Accordingly, mass production will commence in 2024. In addition, both parties have begun discussions for other future product development.

Power MOSFETs are the typical power discrete device, characterized by low loss, high-speed switching, and high reliability during high-voltage, high-current operation, which are common in every electronic device.

According to a market research firm OMDIA, the power discrete market will grow at a CAGR of 6% from $21.2 billion in 2022, reaching $28.4 billion in 2027. Vishay is one of the global leading companies in the power discrete market. Moreover, its power semiconductors suit automotive DC-DC converters, battery management systems and HVAC. Also, they encompass LED lighting, consumer, and industrial products such as TVs, refrigerators, washing machines, as well as VR/AR.

On the other hand, Key Foundry is an 8-inch pure-play foundry in Korea.

Expands Internal, External Capacities

Key Foundry and Vishay have signed this long-term foundry service agreement for multiple power MOSFET products, With this agreement, Vishay secures a reliable source of foundry services for MOSFET production. Meanwhile, Key Foundry engages with a large customer for automotive power discrete, which will increase its share of automotive semiconductor sales in the long term.

“With this agreement, we are taking another step forward in our plan to expand capacity, both internally and externally. In particular, it will help us alleviate our current MOSFET supply constraints, especially for our automotive and industrial customers,” said Joel Smejkal, President and CEO of Vishay. 

In addition, Smejkal said, “In evaluating foundry partners, we decided to engage with Key Foundry because of its foundry’s capabilities and proactive response. We look forward to the synergies we can achieve through cooperation with Key Foundry.”

Derek D. Lee, CEO of Key Foundry, said, “Key Foundry will continue to improve process technologies as well as strengthen capabilities in marketing, quality, and production to expand supply of automotive semiconductors and grow into a leading specialty foundry.”