Vishay's orders exceeded expectations, and these two types of components are in short supply!
Nvidia's supply chain continues to be hot, and two more types of electronic components may become winners.According to the latest report by well-known analyst Ming-Chi Kuo, benefiting from Nvidia's GB200 orders exceeding expectations, the US resistor company Vishay's MOSFET production capacity in 2025 is currently fully loaded, and it is expected to contribute about 20-30% of revenue, with a gross profit margin above the average level.
Kuo Ming-Chi pointed out that Vishay's orders for Nvidia's Blackwell AI servers (GB200 models and DGX/HGX B200) and RTX 50 series graphics cards exceeded expectations, including MOSFET/DrMOS (VRPower), vPolyTan (Polymer Tantalum, such as T55), shunt resistors (Current Shunt Resistor), transient voltage suppressors (Transient Voltage Suppressor/TVS), Schottky diodes (Schottky Barrier Diode/SBD), etc. Among these components, the most noteworthy are MOSFET and polymer tantalum capacitors (vPolyTan).
Guo Mingchi mentioned that Vishay's current MOSFET production capacity in 2025 is fully loaded, and it is expected to contribute about 20-30% of revenue, with a gross profit margin higher than the average level. Guo Mingchi also said that since GB200 uses a large amount of Vishay's vPolyTan (polymer tantalum capacitors) (mainly T55), Vishay's vPolyTan is currently in short supply in 2025, and is expected to contribute about high single-digit revenue, and the gross profit margin of this product is significantly higher than the average.
Guo Mingchi believes that Vishay3.0 will benefit from the strong demand for Nvidia AI servers and the new RTX50 series, and is expected to show results in 2025, and will continue to benefit from the recovery of the automotive industry and IoT bids in the future. It is expected that Vishay will continue to benefit from Vishay3.0 and grow rapidly in the next few years.
MOSFET is often used in various electronic devices due to its fast switching speed, good high-frequency characteristics, and good thermal stability. Tantalum capacitors also have higher capacitance values and higher voltage and temperature resistance than MLCC (multilayer ceramic capacitors).
Some organizations pointed out that the most direct driving force of AI development is the increase in computing power demand, and the requirements of AI chips for power stability have greatly increased the total capacity demand for capacitors around the chip. At the same time, high-power AI chips also have higher requirements for heat dissipation. Tantalum capacitors are expected to be driven by AI applications due to their higher capacitance and high temperature resistance.
