SOURCE: Vishay Intertechnology, Inc.

June 17, 2008 11:00 ET

Vishay Chosen as Corporate Participant in Turin Polytechnic Institute's New Business Research Center

MALVERN, PA--(Marketwire - June 17, 2008) - Vishay Intertechnology, Inc. (NYSE: VSH) today announced that Vishay Semiconductor Italiana S.p.A., a high-power products division of the company, has been chosen as one of eight initial corporate participants in the Turin Polytechnic Institute's new Business Research Center.

Located in the Institute's extended campus area known as the "Polytechnic Citadel," the Business Research Center is the first of its kind on an Italian campus. Going beyond the role of a business incubator, the center is dedicated to the research units of businesses that are not only already in the market, but in many cases are leaders in their respective industries.

With roughly 4,000 square meters, the Turin Polytechnic Institute has given space in the new center to a limited number of businesses interested in partnerships. Of the 89 companies that have shown interest, eight were selected, including Vishay Semiconductor Italiana.

The Business Research Center hopes to become a privileged location for the exchange of academic and industrial knowledge and a forum in which to develop innovative, high-profile ideas. In addition to the impact it will have on research and education, the Polytechnic Citadel, as it is currently structured, will create some 1,300 new jobs for young researchers.

Vishay Intertechnology, Inc., a Fortune 1,000 Company listed on the NYSE (VSH), is one of the world's largest manufacturers of discrete semiconductors (diodes, rectifiers, transistors, and optoelectronics and selected ICs) and passive electronic components (resistors, capacitors, inductors, sensors, and transducers). These components are used in virtually all types of electronic devices and equipment, in the industrial, computing, automotive, consumer, telecommunications, military, aerospace, and medical markets. Its product innovations, successful acquisition strategy, and ability to provide "one-stop shop" service have made Vishay a global industry leader. Vishay can be found on the Internet at http://www.vishay.com.