Semtech Corp - SMTC STOCK NEWS

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.

Semtech Corporation (NASDAQ: SMTC) announced a collaboration with Everynet and Telkom Indonesia to provide an insulated vaccine carrier for tracking COVID-19 vaccine temperatures. This solution aims to reduce waste and improve vaccination rates using a LoRaWAN network. The carrier continuously monitors vaccine temperatures, sending real-time data to ensure compliance with health regulations. Over 200 Indonesian cities are now covered by the LoRaWAN network, which is cost-effective and enhances vaccine safety.

Semtech Corporation (SMTC) announced a partnership with ICT International to enhance urban forest management using LoRaWAN technology. The collaboration aims to monitor plant health via real-time data collection from devices like the SFM1L Sap Flow Meter and PSY1 Stem Psychrometer. These devices measure plant water use and soil moisture, crucial for maintaining healthy urban forests. The initiative supports carbon accounting and helps urban areas better manage their green spaces, fostering environmental sustainability.