Semtech Corp - SMTC STOCK NEWS

Semtech Corporation (Nasdaq: SMTC) announced that Vision Metering, LLC has enhanced its deployment of IoT utility solutions using LoRaWAN technology across key markets in the U.S. and Latin America. Vision reported onboarding municipal utilities at a rapid pace of two to three per week. Customers, including Presque Isle Electric & Gas Co-Op, are modernizing their metering systems, leading to significant cost savings, such as $20,000 in reduced transportation expenses for meter reading. Semtech's technology supports diverse applications, enhancing utility management efficiency.

Semtech Corporation (Nasdaq: SMTC) has announced the sampling of its latest Tri-Edge™ CDR product, the GN2256. This IC is the first to enable 50Gbps PAM4 Wavelength Division Multiplexing and Silicon Photonics optical modules, integrating low latency and low power consumption. Designed for global 5G wireless infrastructure, the GN2256 caters to differing regional deployment needs. It enhances 5G optical module solutions worldwide, complemented by a Reference Design Kit for quick adoption. Semtech continues to lead in 5G technologies with an extensive portfolio.

Semtech (SMTC) announced that DevApp Tech Solutions has successfully integrated the LoRaWAN protocol into its luggage trolley management system at Hyderabad International Airport. This solution uses 3,000 trolley sensors and 100 concentrators to improve asset tracking. The deployment enables real-time data access and has reportedly saved the airport 30% to 40% in direct costs and up to 60% in indirect costs by enhancing operational efficiency and accuracy. The implementation reflects the effectiveness of IoT solutions in improving management processes in high-traffic areas.

Semtech Corporation (Nasdaq: SMTC) announced a virtual meeting on April 7, 2021, at 4:15 p.m. EDT with Piper Sandler & Co.'s Harsh V. Kumar. President and CEO Mohan Maheswaran, along with CFO Emeka Chukwu, will discuss the company's long-term business strategy and general market conditions. Investors can access a webcast of the event and a replay through Semtech’s Investor Relations webpage.

Founded in 1967, Semtech specializes in high-performance analog and mixed-signal semiconductors and is committed to sustainability.

Semtech Corporation (Nasdaq: SMTC) has launched the GS12170 SDI/HDMI Bridge chip, a pioneering solution for low-power, uncompressed 4K-video and multichannel audio transmission between HDMI and SDI. This single-chip design eliminates the need for expensive FPGAs, offering over 100m reach with UHD-rated coaxial cable when combined with Semtech's 12G UHD-SDI products. Key features include HDMI/SDI conversion, support for 4Kp60 formats, and automatic audio embedding. The GS12170 is designed for integration in various AV equipment, enhancing performance while reducing costs.

Semtech Corporation (Nasdaq: SMTC) reported Q4 FY2021 net sales of $164.7 million and FY2021 net sales of $595.1 million, reflecting a 9% increase year-over-year. The diluted GAAP EPS stood at $0.24 for Q4 and $0.91 for FY2021, while diluted non-GAAP EPS was $0.51 and $1.75, respectively. The company highlighted record LoRa®-enabled sales of $88 million, a 19% growth year-over-year. The outlook for Q1 FY2022 estimates net sales between $164 million and $172 million.

Semtech (Nasdaq: SMTC) partners with Webee to offer a No-Code End-to-End Solution Builder on Microsoft Azure, leveraging LoRaWAN technology. This platform simplifies IoT development for industries like smart agriculture and manufacturing, boasting pre-integrated devices for seamless implementation. The solution has garnered the M12 Microsoft Venture Fund Female Founders award. Analyst forecasts project 1.3 billion LPWA connections by 2026, with LoRa targeting a quarter market share. Current deployments include over a dozen enterprise clients, utilizing data from 300 sensor types.

Semtech Corporation (Nasdaq: SMTC) is partnering with MXC Foundation to develop open networks using the LoRaWAN® protocol, enhancing IoT connectivity on blockchain. This collaboration aims to provide long-range, low-power, and secure wireless communication, benefiting Smart City initiatives globally. MXC's blockchain business model employs 'supernodes' to support decentralized data exchanges, generating cryptocurrency while enhancing network efficiency. The partnership reinforces LoRaWAN as a preferred technology for low-power wide-area applications.

Semtech Corporation (NASDAQ: SMTC) plans to release its fourth quarter and fiscal year 2021 financial results after the market closes on March 17, 2021. The results will be available through Business Wire and on Semtech's website. Additionally, Semtech will host a conference call on the same day at 2:00 p.m. PT (5:00 p.m. ET) to discuss the performance and outlook for the business. This session will provide insights into current business activities, conditions, and future directions.