Founded in 1962 and headquartered in Pennsylvania, U.S.A., VISHAY Group has grown rapidly to become one of the world's largest manufacturers of discrete semiconductors and passive electronic devices through technological innovations and ongoing mergers and acquisitions over the past 40 years. Currently, Vishay has 69 manufacturing facilities in 17 countries around the world, including 7 manufacturing plants in Tianjin, Beijing, Shanghai, and Huizhou in mainland China. Vishay Group was named by Fortune Magazine as one of the ‘Most Admired Companies in America’ in the semiconductor field in 2004 and 2005. Its products are used in a wide range of electronic devices in industrial, computer, automotive, consumer, telecommunication and medical applications. Vishay's global footprint includes manufacturing facilities in China and other Asian countries, Israel, Europe and the Americas, as well as sales offices worldwide.