威世科技 2025年度报告

FORM 10-K ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31, 2025or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from _______ to _______ Commission file number1-7416 Vishay Intertechnology, Inc.(Exact name of registrant as specified in its charter) 38-1686453(IRS employer identification no.) 63 Lancaster AvenueMalvern, Pennsylvania 19355-2143(Address of principal executive offices) (610) 644-1300(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to Section 12(g) of the Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☒No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.Yes☐No☒Note– Checking the box above will not relieve any registrant required to file reports under Section 13 or 15(d) of the Exchange Act from theirobligations under those Sections. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company.See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growthcompany" in Rule 12b-2 of the Exchange Act. ☒Accelerated filer☐Smaller reporting companyEmerging growth company Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included inthe filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐No☒ The aggregate market value of the voting stock held by non-affiliates computed by reference to the price at which the common equity was last soldas of the last business day of the registrant’s most recently completed second fiscal quarter ($15.96 on June 28, 2025), assuming conversion of all ofits Class B common stock held by non-affiliates into common stock of the registrant, was $1,984,000,000. There is no non-voting stock outstanding. As of February 11, 2026, registrant had 123,697,092 shares of its common stock and 12,097,148 shares of its Class B common stock outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s definitive proxy statement, which will be filed within 120 days of December 31, 2025, are incorporated byreference into Part III. This page intentionally left blank. Vishay Intertechnology, Inc.Form 10-K for the year ended December 31, 2025 CONTENTS PART I Item 1. Business4Item 1A. Risk Factors16Item 1B. Unresolved Staff Comments26Item 1C. Cybersecurity26Item 2. Properties27Item 3. Legal Proceedings29Item 4. Mine Safety Disclosures29Information About Our Executive Officers30 Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchasesof Equity Securities31Item 6. [Reserved]32Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations33Item 7A. Quantitative and Qualitative Disclosures About Market Risk59Item 8. Financial Statements and Supplementary Data61Item 9. Changes