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 (SMTC) will participate in the Piper Sandler Growth Frontiers Conference in Nashville, TN, on September 13 at 2 p.m. CDT. Chief Financial Officer Emeka Chukwu will engage in a fireside chat, which will be available via a live webcast. Semtech specializes in analog and mixed-signal semiconductors and advanced algorithms for various applications. The company focuses on sustainability and reducing environmental impact through its products and practices. Further details are available on Semtech's website.
Semtech Corporation (SMTC) has announced its 20th collaboration with ProITAV for customized AV-over-IP solutions utilizing its BlueRiver® technology. This partnership highlights Semtech's significant role in the professional AV industry, with BlueRiver now serving over a third of ProITAV's customer base. The technology enables lower power usage and costs, facilitating the development of new SDVoE-enabled solutions. Semtech’s BlueRiver platform is recognized for its capabilities in replacing legacy systems, enhancing performance and scalability in AV signal distribution.
Semtech Corporation (Nasdaq: SMTC) reported strong financial results for Q2 FY2023, with record net sales of $209.3 million, up 3.5% sequentially and 13.1% year-over-year. The company achieved a record GAAP gross margin of 64.9% and non-GAAP gross margin of 65.2%. Diluted earnings per share came in at $0.81 (GAAP) and $0.87 (non-GAAP). Despite these achievements, Semtech anticipates a weaker second half of the year due to a deteriorating macro demand environment. For Q3 FY2023, the company expects net sales between $170.0 million and $180.0 million.
Semtech Corporation (NASDAQ: SMTC) has launched the CopperEdge™ product portfolio, starting with the GN8112, a 112G PAM4 quad linear equalizer. This product targets next-generation 400G and 800G data center interconnects, allowing active copper cables to extend connections up to five meters, ensuring low power consumption (<0.75 Watt) and low latency (<10ps). The GN8112 is now available for sampling, aiming to meet the growing demand for high-performance data center solutions in cloud computing and AI applications.
Semtech Corporation (NASDAQ: SMTC) announces a collaboration with IoT Ventures and Lacuna Space to implement a Drought Early Warning System in New Zealand and South Pacific communities. Utilizing Semtech's LoRa devices, this network of low-cost sensors analyzes water consumption and rain forecasts to manage water supplies efficiently. The solar-powered sensors offer an operational life of 7 to 10 years, helping mitigate drought impacts. The solution aligns with United Nations Sustainability goals by providing reliable access to clean water and facilitating resource management.
Semtech Corporation will release its Q2 fiscal 2023 financial results on August 31, 2022, after market close. A conference call is scheduled for 2 p.m. PT to discuss performance, current activities, and future outlook. Investors can access the webcast on Semtech's website. As a global supplier of high-performance analog and mixed-signal semiconductors, Semtech is committed to sustainability and reducing environmental impact through its internal green programs. For further information, visit semtech.com.
Semtech Corporation has announced its acquisition of Sierra Wireless for
Semtech Corporation (Nasdaq: SMTC) has initiated discussions for a potential acquisition of Sierra Wireless, Inc. (Nasdaq: SWIR) at a price of US$31 per share. Semtech emphasizes that there are no guarantees regarding the continuation of these discussions or the finalization of any agreement. The company does not plan to issue further updates until a binding agreement is reached. Semtech, a global leader in analog and mixed-signal semiconductors, aims to advance its market position through this potential transaction.
Sierra Wireless (NASDAQ: SWIR) has entered advanced discussions regarding a potential transaction with Semtech Corporation (NASDAQ: SMTC) at a proposed price of US$31 per share. No assurances have been made regarding the continuation of these discussions or the completion of any transaction. Sierra Wireless plans to refrain from further announcements until a definitive agreement is finalized. This ongoing negotiation highlights Sierra's strategic positioning within the IoT solutions market, where it aims to deliver enhanced value to its customers.
Semtech Corporation (NASDAQ: SMTC) has partnered with SkyLab and HeNet B.V. to launch innovative dual-band gateways utilizing LoRa® technology aimed at enhancing maritime logistics and monitoring. The new LongAP Pro gateway will support both sub-GHz and 2.4GHz ISM bands, streamlining asset tracking for maritime operators like Stena Line, which handles approximately 28,000 departures annually. This collaboration aims to improve visibility in global supply chains and unlock new possibilities in asset tracking through Semtech's advanced LoRa portfolio.
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