Thank you, Lori.
Let's turn to Slide our of near-term key a review XX for initiatives.
for on laid return the February, and CEO X-year our As of next call the the in for as sustainability last you total to our and the to phase, to the XXXX plan outline year be highest connectivity. Vishay I position of capacity the and Vishay [indiscernible] plan are ready product be this e-mobility, XXXX. ready of for support out expand of growth [ of staging investing are broad lines To plan, highest may and a next megatrends ] is all a phase elements recall we my for [indiscernible] and throughout first between XXXX to organization.
Our approximately plan XXXX. invest to $XXX was in million
on spent projects. of first the we year, expansion which million the months X $XXX was For [indiscernible] spent of
related $XXX million carry equipment to to projects. just over the reported, adjusted Lori $XX delays to million intend we installing into for our XXXX. remaining construction to As planned We year in due some CapEx this have
in [ our During have [ on where our of quarter, in ability to commercial our semiconductor advanced products new production mass in will ship this and meet We lines and work is Laguna Taipei growing have Itzehoe customers. in located on initially, focus the been our X campus addition La industrial to and for year. power underway, the back-end automotive continuing and by demand equipment facilities [indiscernible] of the ], Mexico. of we end At qualification inductors, to the Cruban the products set opened campus, fabs commercial third up, we and ], production
this demand automotive-grade and XXXX.
[ fourth The the expect industrial increasing dedicated most to in and meeting producing of to the ] begin in and these market products the for quarter. segments, but applications. growing Vares and fastest-growing [indiscernible] qualify completed from demand We in is package all sizes will facility We in output shipments automotive qualification products with facility of
customers, of increasing and the our For meet MOSFETs, automotive have to initiatives demand X industrial we underway.
MOSFET schedule in new XX-inch First, fab in on XXXX. construction Germany is of the for completion
Second, bridge MOSFET we need to capacity our capacity before that and recognize we expand sooner. XXXX much
we MOSFETs these long-term of products.
Qualification with multi products the production supply reason, key for quarter, of to supply foundry power is this signed in during with underway MOSFET For a mass Korean-based agreement wafers commercial XXXX.
moving step MOSFET. quarter, last silicon existing X with ahead more we we commercialization supply the our of our Third, agreements as mentioned expanded wafer gain partners foundry next with to of toward capacity. Fourth, carbide are
definitive acquire we $XXX its morning, this announced As a fab located sale wafer and agreement have in to with entered Wales Nexperia Newport into purchase South for cash. million in
and max on the in operates in silicon legal the ordered the add our Nexperia by put the automotive home staffed employees November Newport this was in operated South fab Newport, scientists cluster leveraging the a dedicated concerns.
Vishay to fab a stake government with skilled market located heart owns With when is semiconductor XXX% security Wales. and in its acquire will local entity, X-inch GaN technology power national to the Chinese relationships in plan will an U.K. the compound for developments, semiconductor interest make the due universities. we divest Newport and XXXX to facility. in qualified highly and in that We of carbide which
samples available in will voltage. development With entire And packages to with For approval, we'll closing and available capabilities, quarter silicon in the to of to technology [ of development provide dye quarter. our each and also one quarter X,XXX-volt and respect fourth track second the process second into XXXX first planner the have of third transaction. roof.
Closing carbide the technology forward this to advance ] government's the XXXX. customers have unique the X,XXX-volt technology among met on Both X,XXX-volt customers, the place is securing MOSFETs quarter in available manufacturing in moving planner our we samples to XXX-volt are XXXX. We're in XXXX. after plan take second trench conditions carbide be and developing the will quarter [ available quarter in U.K. and of silicon will of is the our production in planner be samples continuing GaN other [indiscernible] estimated of under also to ] finished samples the
automotive X our Tier We road are carbide and many automotive technology OEMs introducing design silicon map companies. to
have programs. There MOSFET We evaluating our in interest automotive of will technology EV, differentiation samples structure. the be peaked their hybrid, [indiscernible] for
subcontractor return we products. for partnerships For our and growth in initiative, to create higher commodity also developing some outsource continue products to engage higher and with capacity subcontractors our incremental
and have product thick We film and in both for quarter. qualified. products automotive third resistors have chip qualified These subcontractor are shipped commercially the on
our additional portfolio. on bring to of support product a capacity we inductors, For widening
end of business year passive their unit to We Each are have capacities. new volume help will to which XX evaluating semiconductor in adds is business.
Each qualification the business our distributor expect progressing subcontractors. semiconductor available the our and mid-XXXX, support by capacity products of unit build front-end
In terms maximizing of of on enhancing are channel. focused we channel the management, profitability each
far from our last and on agreements capacity in Mexico through shelf. investments quarter, widen work our Vishay. and a new their playing narrow to technology part where identify band market. the presence we're constraints continued engage and the XXXX, We During our of by numbers with Due the broader regaining trust qualified on support subcontracting and our since third number mix distributors total reliable we With to facilities have SKUs. a to this expanding better a year up, ramping foundry distributors position being participation in more in can with of incremental a we part in now the to capacity portion been capacity [indiscernible] underserve and distributor's only we
industry correction. the current as to We supplier our past inventory we reliable are committed ensuring moves that distributors to are a the
Vishay promotion develop We to also solution of continue selling. our
broad discrete to for semiconductors our applications, the In most portfolio our This circuit power we of border. reference can and strategy of to on engineers build automotive quarter, populate XX% passives. continue evaluate components the designs we
last made released a DC the fourth to DC a to XX-volt XX-volt, the third traction addition Also intelligent developing available testing we bidirectional including sensor, charger we Electronic Tier at the solutions, XX-volt high voltage quarter, quarter. breaker, the supplier. low-speed during E-Fuse X plan the quarter. EV we to circuit quarter, a for In in in We breaker which converter reduce and for third to E-Fuse are few and a battery the onboard XX-volt India, with showcased market, we inverter circuit
Let's go a we of ourselves the set to in for Slide goals XX. XXXX. This is review
we signed expanding subcontractors terms a qualify capacity, the with to by are progressing external In year. of well number of and of have the agreements end
Our Newport. evaluation of a Vishay's XX key for and of to pending next build where Europe hold, in We're capacity lines, facility to them. bit manufacturing is go-to-market strategies adding incremental in product each of growth acquisition support developing the our on
We technology. technology X,XXX-volt of of have the samples the MOSFETs and planner shipped and XXX-volt track on planner development X,XXX-volt are with
Finally, an committed in remain to Day we holding Analyst XXXX.
We of Day closing will the timing Newport the this the provide update an transaction. Analyst following on of
Our keep And the from working are new hard of want we Vishay. telling and customers to product Vishay. their expectations exceed meet us more they
to the to final to share and you, want forward turn January we the the there.
With XX start Our with call on Growth back to that, I operator I'll over to Q&A Needham meeting note, we session. you Conference Annual the are planning attend look
