Semtech Corp - SMTC STOCK NEWS

Semtech Corporation (NASDAQ: SMTC), a global supplier of analog semiconductors, will participate in two financial conferences: Baird’s 2022 Global Consumer, Technology & Services Conference in New York City on June 7 at 9:40 a.m. ET and Stifel’s 2022 Cross Sector Insight Conference in Boston on June 8 at 8:00 a.m. ET. A webcast and replay will be available on their corporate website’s Investor Relations section. Semtech is dedicated to environmental sustainability and publicly traded since 1967.

Semtech Corporation announced a partnership with WITRAC to enhance asset tracking in Boluda Corporación Marítima's supply chain. Utilizing LoRa® devices and the LoRaWAN® standard, this integration allows for real-time monitoring of cold chain assets, significantly improving logistics efficiency. The Total Track & Trace Intelligent Platform has successfully completed over 350 voyages, providing critical visibility for transporting goods like fresh food and medicine across 700 miles of maritime corridor from Spain to the Canary Islands.

Semtech Corporation (NASDAQ: SMTC) has partnered with Cranberry Analytics to implement a LoRaWAN® network for smart water metering in Panaji, India. The project will replace 3,094 mechanical water meters with advanced ultrasonic meters using Semtech's LoRa® technology, aimed at enhancing water management efficiency. This collaboration will facilitate daily collection of water consumption data, enabling effective distribution planning and real-time anomaly detection. Semtech emphasizes its commitment to sustainable solutions through this deployment, which is part of broader initiatives to reduce water waste and improve municipal services.

Semtech Corporation (NASDAQ: SMTC) will release its financial results for the first quarter of fiscal year 2023 on June 1, 2022, after market close. A conference call will follow at 2 p.m. PT to discuss the results, current business conditions, and future outlook. Results will be accessible via BusinessWire and the company’s website. Semtech specializes in high-performance analog and mixed-signal semiconductors, aiming to mitigate environmental impact through sustainable practices.

Semtech Corporation has announced the launch of the REYAX RYLR998, a new antenna transceiver module utilizing Semtech’s LoRa technology. This module operates in the 868/915 MHz frequency range and supports ultra-long range communication with minimal power consumption. The RYLR998 is designed for diverse applications including smart homes and agriculture, boasting a transmission distance of up to 20 kilometers. The integration enhances battery life and enables control of various sensors while maintaining a compact size of 32 x 14 x 2.2mm.

Semtech Corporation has partnered with CITiLIGHT to enhance smart street lighting using the VELOCITi™ LMS system. This collaboration has resulted in the automation of over 1 million street lights across more than 100 cities in India, achieving energy savings of approximately 1.29 billion kWh. Semtech's LoRa devices and LoRaWAN standard enable real-time monitoring and control, significantly improving city safety and sustainability. The system's command latency is under five seconds, making it efficient for smart city applications.

Micross Components has announced the acquisition of Semtech Corporation's High-Reliability Discrete Diodes and Assemblies business. This strategic move enhances Micross's offerings in the high-reliability microelectronic components sector, which serves critical industries like aerospace and defense. The acquired products, renowned for their durability, have a history of over 60 years in military and space applications. With this acquisition, Micross aims to leverage new growth opportunities and expand its high-quality product range, reinforcing its position as a leading provider in the market.

Micross Components has acquired Semtech's High-Reliability Discrete Diodes and Assemblies business, enhancing its product offerings for high-reliability markets. This strategic acquisition aligns with Micross' goal to expand its manufacturing capabilities in Mexico, aiming to serve aerospace, defense, and medical sectors more effectively. The move is expected to bolster Micross' position as a leading supplier of high-reliability electronic products. This acquisition is the fifth made under Behrman Capital's ownership.

Semtech Corporation (NASDAQ: SMTC) has successfully divested its high reliability discrete diodes and assemblies business to Micross Components, Inc. for $30 million in cash. This unit generated approximately $14 million in revenue during fiscal year 2022. The divestiture aligns with Semtech's strategy to exit non-core businesses that do not support its Smarter Planet initiatives. Micross will retain all employees from the acquired business, ensuring continuity. Semtech plans to discuss further details regarding this transaction in its upcoming Q1 fiscal year 2023 earnings call.