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 (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.
Semtech Corporation (Nasdaq: SMTC) and DTDS Technology have collaborated to develop the 622 Module, operating on the LoRaWAN® protocol. This module, featuring an integrated Renesas MCU, enhances network coverage for automotive and industrial IoT applications. It supports both Class A and Class C LoRaWAN specifications, ensuring efficient long-range connectivity with low power consumption. Designed for smart utilities and IoT solutions, the module simplifies product development, aiming to expedite the launch of high-quality wireless applications in various sectors.
Semtech Corporation (Nasdaq: SMTC) has announced the sampling of its new Tri-Edge™ CDR solution, the GN2255, designed for 50Gbps PAM4 5G front haul applications. This IC enhances bandwidth capabilities, doubling the current 25Gbps links while maintaining low power consumption and ultra-low latency. The GN2255 is the first of its kind to support optical modules for up to 10km with less than 1.5W power requirements. The introduction aims to facilitate advancements in edge computing and mobile broadband services as 5G technology continues to grow.
Semtech Corporation (Nasdaq: SMTC) announced a partnership with WITRAC to integrate the LoRaWAN® protocol into WITRAC's global tracking platform. This collaboration enhances real-time location and telemetry capabilities, essential for supply chain traceability. Boluda Corporación Marítima has adopted WITRAC's platform for its Daily Canarias line, ensuring the quality of cold chain transport for fresh goods and medicines. The LoRaWAN technology improves control over temperature-sensitive deliveries, facilitating compliance with food safety regulations.
Semtech Corporation (Nasdaq: SMTC) has released a commissioned white paper by ABI Research titled “LoRaWAN® and Multi-RAN Architecture Connecting the Next Billion IoT Devices,” discussing the tremendous growth of IoT connectivity. The report identifies LoRaWAN as the leading low-power wide-area network technology for various sectors including metering and logistics. Key takeaways highlight the coexistence of LoRaWAN and 5G, the role of LoRa devices in IoT networks, and projections indicating that by 2026, LoRa will capture over 25% of the LPWA market.
Semtech Corporation (Nasdaq: SMTC) has announced that Cypress Technology will use its AVX technology for a new range of high-quality AV extenders. The AVX enables the transmission of uncompressed 4K60 video over distances up to 30km. Cypress’s products utilizing AVX are being adopted for applications in command and control and medical fields. AVX is noted for its reliability against EMI interference and versatility in connecting various signals. The adoption of AVX signifies its growing importance in the fiber optic AV extensions market.
Semtech Corporation (Nasdaq: SMTC) announces a partnership with Swarm Technologies to integrate its LoRa devices into Swarm's satellite communications network. This collaboration aims to enhance two-way communications via Low Earth Orbit (LEO) satellites, addressing applications in logistics, agriculture, and energy. The network now operates with 72 satellites, achieving global coverage, and targets 150 by year-end 2021, promising latency under one minute. This initiative is expected to provide reliable and cost-effective connectivity for IoT devices globally.
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