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 Corporation (NASDAQ: SMTC) and Sierra Wireless, Inc. (NASDAQ: SWIR) announced the termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act regarding Semtech's acquisition of Sierra. Following a request for additional information from the U.S. Department of Justice in October 2022, the companies were notified that the waiting period ended on January 5, 2023. The closing of the transaction is anticipated on or about January 12, 2023, pending satisfaction of closing conditions.
Semtech Corporation (NASDAQ: SMTC) announced a collaboration with Sindcon (Singapore) IoT Technology and IoT Kreasi Indonesia to deploy battery-powered smart water and electricity meters utilizing LoRaWAN technology. This initiative has reduced human error in manual readings by over 80%, leading to enhanced billing accuracy and tenant satisfaction at the LLOYD apartment complex in Indonesia. The smart meters achieve a 90% data success rate and battery life of up to seven years. Semtech's LoRa technology supports smart building applications and efficient resource usage.
Semtech Corporation (NASDAQ: SMTC) announced the launch of Nordic Propeye's new HVAC optimization solution in the U.S., integrating Semtech’s LoRa® devices and LoRaWAN® standard. This technology aims to reduce energy consumption in commercial buildings by achieving 15-30% energy savings. The U.S. Department of Energy notes that commercial buildings account for 35% of U.S. electricity use and 16% of CO2 emissions. The new solution autonomously manages HVAC systems using real-time data and AI, enhancing energy efficiency and predictive maintenance.
Semtech Corporation (Nasdaq: SMTC) reported third-quarter fiscal 2023 results with net sales of $177.6 million, reflecting a 15.1% sequential decline and 8.9% year-over-year drop. The company achieved a record GAAP gross margin of 65.1% and non-GAAP gross margin of 65.5%, with diluted earnings per share at $0.36 GAAP and $0.65 non-GAAP. Future outlook indicates expected net sales between $145.0 million and $155.0 million for Q4 FY2023, with GAAP diluted EPS forecasted at $0.20 to $0.27.
Semtech Corporation (SMTC) has partnered with Amazon Web Services (AWS) to integrate its LoRa Cloud™ geolocation services into AWS IoT Core. This collaboration aims to facilitate the development of asset tracking solutions for IoT devices via LoRa Edge™, enhancing connectivity and reducing time to market. The new AWS IoT Core Device Location service is globally available and supports ultra-low-power devices that can operate for years on a single battery. Key benefits include a simplified development experience and regional availability across seven regions.
Semtech Corporation (NASDAQ: SMTC) announced it will release its third-quarter fiscal year 2023 financial results on November 30, 2022, after market close. A conference call will be held at 2 p.m. PT to discuss the results and the company's outlook. Interested parties can access the call through the Semtech website. Semtech specializes in high-performance analog and mixed-signal semiconductors, with a commitment to environmentally friendly practices.
Semtech (SMTC) has partnered with Exeger to integrate its LoRa Edge platform with Exeger's Powerfoyle solar harvesting technology. This collaboration aims to enhance IoT tracking applications by significantly extending the battery life of devices. Powerfoyle converts various light forms into power, offering sustainable energy for asset tracking and environmental sensing. New IoT asset trackers will be showcased at EdgeTech+ 2022 in Japan. The initiative emphasizes energy independence and creates potential for solar-powered geolocation applications across multiple sectors.
Semtech Corporation (SMTC) has announced that Savant Systems has upgraded its video-over-IP products to utilize the latest BlueRiver® ASIC technology. This transition allows Savant to deliver 4K/60 4:4:4 or HDR video with sub-millisecond latency over standard IP networks. The 10Gbps Power over Ethernet (PoE) enables higher bandwidth for streaming high-quality video. Savant's new system allows custom scaling for optimal resolution and simultaneous streaming of multiple uncompressed 4K sources. These enhancements signal a growing demand for Pro AV technology in the residential market.
Semtech Corporation (NASDAQ: SMTC) has launched its new HotSwitch® platform, designed to enhance the protection of electronic systems against electrical surges and faults. This platform features integrated load switches and eFuses with advanced protection capabilities. Two products, HS2950P and HS2240P, are now available for purchase, focusing on improving device longevity and reducing electronic waste. The HotSwitch platform aims to support greater sustainability in electronics while ensuring robust defense against voltage and current anomalies.
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