Harlan L. Sur
Executive Director and Head of U.S. Semiconductor & Semiconductor Capital Equipment

Good morning. Welcome to the second day of JPMorgan's 54th Annual Technology and Media Communications Conference.

My name is Harlan Sur. I'm the semiconductor and semiconductor capital equipment analyst for the firm. Very pleased to have the team from Vishay Intertechnology here with us today. Joel Smejkal, President and Chief Executive Officer. We have David McConnell, Executive Vice President and Chief Financial Officer; and Peter Henrici, Executive Vice President of Corporate Development.

Joel is going to kick us off with a brief overview of Vishay and a presentation, and then we'll go ahead and kick off the Q&A. Thank you.

Joel Smejkal
President, CEO & Director

All right. Thank you very much. Nice to have a chance to present to each of you. I want to give you an overview of Vishay. Vishay has got a lot of change in it, and I thought it was appropriate to show you some slides as to what's different about this company, 60-year-old company. We're a new company. We call ourselves Vishay 3.0. Company name is Vishay Intertechnology, but there's a lot of change. We're in the third leadership of the 60 years.

This began in 2023. We call ourselves a new company, capitalizing on a very large customer base that we underserved over the last decades because we were short on capacity. You're going to see a completely different business approach here. Vishay is different than all the other semiconductor companies that you might compare us to. We're a