Vishay Intertechnology Plummets 7.42%, Losing 600 Billion Won in Market Value in a Day

Vishay Intertechnology Inc. (VSH) plunged 7.42% on the New York Stock Exchange, closing at $54.24, erasing roughly $460 million (about ₩600 billion) in market value in a single day.

The company’s market capitalization now stands at approximately $6.7 billion (around ₩9 trillion), suggesting investor sentiment has cooled rapidly following its recent surge.

In its first-quarter results, Vishay reported revenue of $839.2 million and earnings per share of $0.05, surpassing market expectations. Since the start of the year, the stock has rallied more than 250%, recently hitting an all-time high of $66.30. ()

Headquartered in Pennsylvania, USA, Vishay is a manufacturer of passive components and power semiconductors, supplying critical parts to the automotive, industrial, communications, and defense sectors. With 2024 sales of about $2.9 billion (roughly ₩4 trillion), it is regarded as a significant player in the global electronic components supply chain. ()