Semtech Corp - SMTC STOCK NEWS

Semtech Corporation (NASDAQ: SMTC) has launched its new SurgeSwitch™ product line, designed to offer enhanced protection for circuits in challenging industrial and telecom environments. Key features include:

• 30% reduced clamping
• 80% smaller package size (1.6 x 1.6mm)
• Stable clamping over temperature

The product line includes devices with operating voltages of 22V, 33V, 45V, and 58V, which are immediately available in production quantities, signifying Semtech's commitment to innovation in circuit protection.

Semtech Corporation (NASDAQ: SMTC) announces a collaboration with Arson Metering to implement a smart gas metering solution using LoRaWAN technology. This innovative sensor detects dangerous methane levels, shuts off gas supply, and notifies users via a mobile app. The system is compatible with various gas meters and promotes safety and efficiency in gas management. With sufficient LoRaWAN gateways in place, the partnership aims to enhance utility monitoring and safety across Spain.

Semtech Corporation (SMTC) announced a partnership with Elvexys and Oiken to enhance power grid monitoring using LoRaWAN technology. This collaboration aims to deploy IoT-enabled sensors that provide real-time data on power failures, significantly reducing operational costs and deployment times. Oiken claims that the integration of LoRaWAN into their SCADA systems was straightforward and cost-effective, stating that without this technology, costs could have been tenfold. The partnership enhances grid reliability, benefiting both utilities and consumers.

Semtech Corporation (NASDAQ: SMTC) and Spark Connected, LLC have settled their two-year legal dispute in the United States District Court for the Eastern District of Texas. Both companies have denied any liability in the settlement, which is confidential. Semtech’s Executive VP emphasized the company's commitment to defending its intellectual property rights, while Spark's CEO expressed satisfaction with the resolution and looks forward to future innovations in wireless power solutions. The agreement ends all disputes between the two parties.

Semtech Corporation (Nasdaq: SMTC) reported record financial results for Q3 FY2022, ending October 31, 2021. Net sales reached $194.9 million, marking a 5% sequential increase and a 27% year-over-year growth. Both GAAP and non-GAAP gross margins hit new highs at 63.5% and 63.8%, respectively. Diluted EPS on a GAAP basis was $0.53, while non-GAAP EPS was $0.74. The company anticipates Q4 FY2022 net sales between $184.0 million and $194.0 million, with a potential impact from supply chain issues and COVID-19.

The LoRa Alliance has launched the formal program for the LoRaWAN World Expo scheduled for March 29-30, 2022, in Paris. This key event in the IoT calendar will gather industry leaders to discuss the impact and growth of LoRaWAN technology. Keynotes will include experts from AWS, Microsoft, and the European Commission. Attendees will have opportunities to network and learn about enhancing their IoT strategies through LoRaWAN, which has seen widespread global deployment, now available in over 170 countries.

Semtech Corporation (SMTC) has partnered with ZeeVee to enhance the Tennessee State Museum's audio-visual experience. Utilizing ZeeVee's ZyPer4K encoders and Semtech's BlueRiver AV technology, the collaboration aims to attract new audiences through high-quality, uncompressed 4K60 video. This state-of-the-art AV system reduces costs and complexity, significantly enhancing the museum's immersive exhibits. The project exemplifies the application of Professional AV technology in cultural settings, promoting education and engagement.

Semtech Corporation (NASDAQ: SMTC) announced it will release its third quarter fiscal year 2022 financial results on December 1, 2021, after market close. A conference call will follow at 2 p.m. PT (5 p.m. ET) on the same day to discuss performance, current activities, and business outlook. The results will be available via Business Wire and on the company’s website. Semtech is a global leader in high-performance analog and mixed-signal semiconductors, focused on sustainable practices and reducing environmental impact.

Semtech Corporation (SMTC) has partnered with SAS and the Town of Cary, North Carolina, to enhance community services through IoT technology. This collaboration will focus on a Center of Excellence aimed at developing edge-to-cloud solutions to monitor floods and address sustainability challenges. Prior projects between SAS and Cary have already won multiple smart city innovation awards. The partnership leverages LoRaWAN connectivity and SAS’s analytical capabilities to provide real-time data insights, highlighting the importance of IoT in improving municipal services.