Welcome to our dedicated page for Semtech news (Ticker: SMTC), a resource for investors and traders seeking the latest updates and insights on Semtech stock.
Semtech Corporation (NASDAQ: SMTC) is a leading global supplier of high-quality analog and mixed-signal semiconductor products. The company focuses on delivering proprietary solutions and breakthrough technologies across various domains including power management, protection, advanced communications, human interface, test & measurement, and wireless and sensing products. Semtech designs, develops, manufactures, and markets these products to be utilized in diverse applications such as communications, computer and computer peripherals, automated test equipment, industrial, and other commercial sectors.
The company operates through four main segments: Signal Integrity, Advanced Protection and Sensing, IoT System, and IoT Connected Services. A significant portion of its revenue is generated from the Advanced Protection and Sensing Products segment. Geographically, the majority of Semtech’s revenue originates from the Asia Pacific region, reflecting its strong market presence and extensive customer base in that area.
In recent news, Semtech Corporation announced a strategic partnership with Måna Care AB, a Swedish start-up focused on digital communication and care platforms. Semtech’s IoT Systems and Connectivity Product Group, formerly known as Sierra Wireless, has been pivotal in supporting Måna Care’s mission to promote digital inclusion for elderly and cognitively challenged communities. The collaboration leverages Semtech’s AirVantage® Smart Connectivity service to ensure reliable, global connectivity for Måna Care’s innovative communication devices, aiding caregivers, families, and friends to stay connected with their loved ones.
Semtech acquired Sierra Wireless in 2023, enhancing its capabilities in high-performance semiconductors, IoT systems, and cloud connectivity services. This acquisition aligns with Semtech’s commitment to enabling a smarter, more connected, and sustainable planet. The company’s comprehensive product portfolio includes integrated circuits (ICs) and connectivity modules designed to meet the evolving needs of infrastructure, industrial, and consumer markets.
Semtech continues to innovate and expand its product offerings, focusing on advancing technologies that empower solution architects and application developers. By maintaining strong technical support and sales channels, and establishing strategic partnerships, Semtech is well-positioned to capitalize on emerging market opportunities and drive growth in the semiconductor industry. For more details on Semtech Corporation’s latest updates and achievements, visit their official website or follow them on professional networks like LinkedIn and X.
Semtech (Nasdaq: SMTC), a leader in semiconductor, IoT systems, and cloud connectivity, announced that Raza Khan, product marketing director for Semtech’s Signal Integrity Products, will present at the Telecommunications, Optics and Photonics (TOP) Conference 2025 in London, U.K., from February 25 to 26, 2025.
In his presentation titled “Reimagining High-Speed Interconnects: 100Gb/s Analog CDR Technology for Data Centers and 6G Fronthaul,” scheduled for February 25 at 5:00 PM local time, Khan will discuss the evolution of analog Clock and Data Recovery (CDR) systems in the face of advancing data center and wireless communication technologies.
While the industry initially shifted towards digital signal processor (DSP)-based solutions with the transition to 50Gb/s PAM4 signaling, analog retimer technology remains a viable option for 100Gb/s per lane interconnects, offering benefits like lower power consumption and lower latency compared to traditional DSPs. Khan will highlight innovations in analog CDR technology and its impact on data center interconnects and next-generation wireless architectures.
Khan, with over 15 years of experience in the semiconductor industry, oversees Semtech’s strategy, product line, and market development for IC solutions in optical transport for the wireless market, including the Tri-Edge™ 50G PAM4, ClearEdge® 25G, and FiberEdge™ 10G product portfolios.
Semtech (SMTC) has announced the launch of RClamp10022PWQ, a new two-line transient voltage suppressor specifically designed for automotive Ethernet applications. The device is fully compliant with Open Alliance specifications for various automotive Ethernet interfaces including 10BASE-T1S, 100BASE-T1, and 1000BASE-T1.
The RClamp10022PWQ offers robust ESD protection with ±15kV contact and ±25kV air discharge protection, exceeding automotive requirements. It features ultra-low capacitance of 0.6pF maximum, ensuring signal integrity for high-speed networks up to 10Gbps. The device is AEC-Q101 qualified for automotive environments and operates in temperatures from -40°C to +125°C.
Semtech will showcase this product at the Automotive Ethernet Congress in Munich, February 18-20, 2025.
Semtech (SMTC) has appointed Jason Green as executive vice president and chief commercial officer, effective immediately. Green will lead Semtech's global sales, marketing, customer engagement, partnerships, and go-to-market strategy, reporting to CEO Hong Hou.
Green joins from Stratosphere Management, where he was managing partner advising Fortune 1000 companies. His previous roles include executive vice president and chief revenue officer at National Instruments (now Emerson) and vice president positions at Maxim Integrated (now Analog Devices). He holds a business degree from the University of Florida and completed Harvard Business School's Advanced Management Program.
Semtech (SMTC) has achieved a significant milestone in 5G RedCap technology deployment. The company's EM8695 5G RedCap module, powered by Snapdragon X35 5G Modem-RF System, has received FCC and PTCRB certifications and completed successful testing on AT&T's RedCap network.
The technology aims to enable widespread adoption of 5G RedCap for mid-range IoT applications, including wearables, industrial sensors, video surveillance, and asset tracking. Industry projections show RedCap connections growing from 27.6 million in 2023 to 963.5 million by 2030, potentially comprising one-third of all cellular IoT connections.
The EM8695 module offers a 65% reduction in power consumption compared to LTE Cat-4 and Cat-6 modules while maintaining 5G scalability. The module includes LTE fallback capabilities and M.2 standard format compatibility with existing LTE modules. Full certification with AT&T is expected by first half of 2025.
Semtech (Nasdaq: SMTC), a leader in high-performance semiconductors and IoT systems, announced that its HL7900 Global 5G LPWA module has been certified by major U.S. carriers AT&T, T-Mobile, and Verizon, as well as KDDI in Japan. It has also achieved global regulatory certifications, including FCC (USA), ISED (Canada), CE (Europe), JRF/JPA (Japan), and NCC (Taiwan), as well as PTCRB and GCF industry certifications for global carrier interoperability.
Powered by Sony’s Altair ALT1350 chipset, the HL7900 module offers significant enhancements for IoT applications, reducing power consumption by up to 80% compared to earlier models. It features an ultra-low-power sensor hub MCU, integrated sub-GHz and 2.4GHz radio, and an integrated GNSS receiver, providing reliable indoor and outdoor tracking for applications like asset management and urban navigation. Future-proof capabilities include support for 3GPP releases 15, 16, and 17, and NB-IoT over Non-Terrestrial Networks (NTN).
The HL7900 simplifies IoT development with end-to-end solutions, including an optional embedded SIM, integrated edge-to-cloud security, and secure over-the-air updates, reducing operational complexity and total cost of ownership. The module is now commercially available, and Semtech is pursuing additional carrier certifications globally.
Semtech (Nasdaq: SMTC), a leading provider of semiconductor, IoT systems, and cloud connectivity services, has announced its participation in the 27th Annual Needham Growth Conference. The event will take place in New York City on January 14, 2025, featuring presentations from Hong Hou, president and chief executive officer, and Mark Lin, executive vice president and chief financial officer.
The company focuses on delivering technology solutions for infrastructure, industrial, and consumer markets, with a mission to enable a smarter and more connected sustainable planet. Semtech's global teams support solution architects and application developers in creating breakthrough products across various sectors.
Semtech (SMTC) and iWOW Technology have successfully implemented a LoRaWAN®-based emergency alert system in Singapore's senior public housing. The system, deployed since 2019 in 10,000 public housing flats, has helped approximately 800 seniors receive emergency medical care.
The battery-powered system features wall-mounted red buttons that connect to a 24-hour response center and notify next of kin through an app. Notably, 98% of the original devices remain functional after five years due to LoRa® low power capabilities. The program, part of Singapore's Ministry of Health Age Well SG initiative, will expand to serve an additional 27,000 seniors across 170 public rental housing blocks.
The solution was chosen for its minimal maintenance requirements, low energy consumption, and cost-effective network infrastructure for dense housing blocks, while offering potential support for future IoT applications.
Semtech (SMTC) has successfully closed its underwritten public offering of 10,496,032 shares of common stock at $63.00 per share, including the full exercise of the underwriters' greenshoe option for an additional 1,369,047 shares. The offering generated gross proceeds of approximately $661 million.
The company plans to use the net proceeds to repay debt under its Third Amended and Restated Credit Agreement. Based on current interest rates, Semtech expects annual cash interest savings of approximately $48 million. The transaction is expected to reduce long-term debt to less than half of the principal outstanding as of the end of fiscal Q3 2025.
Semtech (SMTC) has announced the pricing of its public offering of 9,126,985 shares of common stock at $63.00 per share. The offering size was increased from the previously announced $400 million to approximately $575 million in gross proceeds. The company has also granted underwriters a 30-day option to purchase up to an additional 1,369,047 shares.
The offering is expected to close on December 9, 2024. Semtech plans to use the net proceeds to repay certain indebtedness under its Third Amended and Restated Credit Agreement with JPMorgan Chase Bank. Morgan Stanley and UBS Investment Bank are serving as joint book-running managers for the offering.
Semtech (SMTC) has announced a proposed underwritten public offering of $400 million worth of common stock shares. The company will grant underwriters a 30-day option to purchase up to an additional $60 million of shares at the public offering price, less underwriting discounts and commissions.
The semiconductor and IoT systems provider plans to use the net proceeds to repay certain indebtedness under its Third Amended and Restated Credit Agreement from September 26, 2022, with JPMorgan Chase Bank acting as administrative agent. Morgan Stanley and UBS Investment Bank are serving as joint book-running managers for the offering.
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