"The expanded production should meet the needs of the automotive industry in future as Vishay has a solid customer base in Germany and Europe," said Martin Schneider, Vishay's Project Manager. The company expects above-average growth thanks to the development of electro mobility and the expanded charging infrastructure. The agreement will boost Itzehoe as a centre of technology and innovation. Vishay is expected to create around 150 new jobs during the first phase of expansion, which may also lead to more jobs at suppliers in the region.