Exhibit 99.1


FOR IMMEDIATE RELEASE
---------------------


                                        For further information, contact--

                                        Richard N. Grubb, Executive Vice
                                        President and Chief Financial Officer
                                        or
                                        Robert A. Freece, Senior Vice President
                                        Vishay Intertechnology
                                        610-644-1300


                      VISHAY INTERTECHNOLOGY, INC. TO OFFER
                 $450 MILLION OF CONVERTIBLE SUBORDINATED NOTES

MALVERN, PENNSYLVANIA - July 30, 2003--Vishay Intertechnology, Inc. (NYSE: VSH)
today announced that it intends to offer, subject to market conditions and other
factors, $450 million of convertible subordinated notes due 2023, plus up to an
additional $50 million of convertible subordinated notes due 2023 that may be
issued at the option of the initial purchasers. The notes will be subordinated
in right of payment to Vishay's senior indebtedness, will pay interest
semi-annually and will be convertible into shares of Vishay common stock,
subject to certain conditions.

If the offering is consummated, it is anticipated that Vishay will use up to
$130 million of the offering proceeds to pay down its revolving credit facility
and $176 million of the offering proceeds to fund the redemption of the
convertible notes of one of its subsidiaries. Vishay intends to use the
remaining proceeds for general corporate purposes including the retirement of
other existing debt.

The notes are expected to be redeemable at Vishay's option beginning August 1,
2010 at a redemption price equal to 100% of the principal amount plus accrued
interest, if any. Holders of the notes will have the right to require Vishay to
repurchase all or some of their notes at a purchase price equal to 100% of the
principal amount of the notes, plus accrued and unpaid interest on August 1,
2008, August 1, 2010, August 2013 and August 1, 2018. Vishay may choose to pay
the purchase price in cash or shares of Vishay common stock or any combination
of cash and Vishay common stock. Holders of the notes will also have the right
to require Vishay to repurchase all or some of their notes for cash, upon the
occurrence of certain events constituting a fundamental change.

The notes and the shares of common stock issuable upon conversion of the notes
have not been registered under the Securities Act of 1933 or any state
securities laws and may not be offered or sold absent registration under, or an
applicable exemption from, the registration requirements of the Securities Act
of 1933 and applicable state securities laws. Any offers of the notes will be
made exclusively by means of a private offering memorandum.



This press release does not constitute an offer to sell or a solicitation of an
offer to buy the notes or any shares of Vishay common stock, nor will there be
any sale of the notes in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.

This press release includes forward-looking statements that involve
uncertainties relating to whether Vishay will offer the notes or consummate the
offering, the anticipated terms of the notes and the offering or the anticipated
use of the proceeds of the offering. Actual experience could differ materially
from the forward-looking statements.

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