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) announced that its CEO, Mohan Maheswaran, will participate in a virtual fireside chat at the 23rd Annual Needham Virtual Growth Conference on January 14, 2021, at 12:30 p.m. EST. The event will be accessible via a webcast on Semtech's Investor Relations page. Semtech is known for its high-performance analog and mixed-signal semiconductors, focusing on reducing environmental impact through various green initiatives. The company has been publicly traded since 1967 and is dedicated to advancing technology for industrial and consumer markets.
Semtech Corporation (Nasdaq: SMTC) has collaborated with Amazon Web Services (AWS) to implement the LoRaWAN® protocol on AWS IoT Core. This integration simplifies the development of IoT solutions by allowing devices to connect directly to AWS without managing their own servers. Key features include long-range connectivity, low power consumption, and security. Developers can easily register gateways and devices on the AWS Management Console. Semtech's LoRa Cloud service will complement this by providing geolocation capabilities. This partnership aims to accelerate IoT adoption across various sectors.
Semtech Corporation (SMTC) announced its integration with Green Scale Alchemy (GSA) to enhance IoT capabilities for asset management in the retail sector. GSA's platform utilizes Semtech's LoRaWAN® technology, enabling efficient pallet management and logistical improvements. Giffard, a major French liqueur manufacturer, successfully implemented the solution to optimize its resource allocation across warehouses. This partnership aims to improve inventory tracking, reduce logistical costs, and enhance sustainability amidst ongoing global supply chain challenges.
Semtech Corporation (NASDAQ: SMTC) has been selected by the U.S. Department of Defense to implement a 3D tracking solution using Ripl Networks’ IP mesh technology at naval ports. This collaboration utilizes Semtech’s LoRa devices for long-range, low-power connectivity, allowing accurate tracking of assets without GPS. The initial deployment will occur at the Port of Hueneme. Ripl Networks will act as the systems integrator, incorporating Avnet’s IoT Connect platform for data management. This partnership emphasizes the military-grade application of IoT technology in asset tracking.
Semtech Corporation (Nasdaq: SMTC) reported Q3 FY2021 results with net sales of $154.1 million, a 7% sequential and 9% year-over-year increase. GAAP EPS stood at $0.28, while non-GAAP EPS was $0.47. Key highlights include an 8% rise in Distributor POS and a record 32% increase in Wireless and Sensing products, led by LoRa® platform sales. The company announced a collaboration with Amazon’s Sidewalk platform. For Q4, Semtech anticipates net sales between $153.0 million and $163.0 million, with projected GAAP EPS between $0.22 and $0.29.
Semtech Corporation (NASDAQ: SMTC) plans to release its third quarter fiscal year 2021 financial results after market close on December 2, 2020. The results will be accessible via BusinessWire and the company’s website. A conference call is scheduled for the same day at 2:00 p.m. PT, discussing performance, business activities, and future outlook. Semtech specializes in high-performance analog and mixed-signal semiconductors, contributing to infrastructure, consumer, and industrial markets while focusing on environmentally friendly practices.
Semtech Corporation (Nasdaq: SMTC) has partnered with Shenzhen Sundray Technology to develop a new Internet of Things (IoT) solution called the Software-Defined Classroom (SDC). Utilizing the LoRaWAN® protocol, this platform aims to enhance classroom safety and connectivity, addressing educational institutions' needs amidst the COVID-19 pandemic. With compliance to China’s GB/T 36342-2018 Standard and adoption by over 20,000 educational professionals, the SDC supports various applications, including occupancy monitoring and air quality sensors.
Semtech Corporation (Nasdaq: SMTC) announced that the LoRaWAN® protocol is enhancing IoT connectivity for smart industrial control applications. Cisco has utilized this protocol to create IoT sensor solutions for improved visibility in operational environments. The Cisco Industrial Asset Vision offers a cloud-based dashboard for efficient remote asset management, deployable via QR code for ease of use. As a leading low power, wide area networking solution, LoRaWAN enables geolocation for tracking and monitoring assets, enhancing operational efficiency across various applications.
Semtech Corporation (Nasdaq: SMTC) has introduced two new solutions for its LoRa Edge platform: the LoRa Basics Modem-E, a compliant software modem for the LoRaWAN protocol, and the LoRa Edge Tracker Reference Design, aimed at asset tracking. The Modem-E helps simplify IoT solution development, while the Tracker Reference Design offers a commercial-grade blueprint for asset tracking applications across sectors like logistics and healthcare. Both solutions enhance connectivity and accelerate time to market, benefiting developers and customers alike.
Semtech Corporation (Nasdaq: SMTC) announced a collaboration with TagoIO, leveraging Semtech’s LoRa Cloud geolocation services and LoRa Edge platform for an innovative low-power asset management solution. This partnership aims to provide developers and customers with tools to create flexible asset tracking applications across various sectors including agriculture and logistics. The integration emphasizes long-range connectivity while offering significant management efficiency and cost reduction. This collaboration enhances the accessibility and scalability of tracking solutions.
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