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) has unveiled the LoRa Core™ portfolio, featuring a new chipset designed for global LoRaWAN network coverage. This portfolio aims to enhance multiple industries, including asset tracking and agriculture. The SX1303 gateway processor supports precise geolocation without GPS, assisting in cost-sensitive applications. Key features include nano-second resolution time stamps and improved power efficiency. The LoRa Core portfolio supports the LoRaWAN protocol, facilitating rapid IoT deployments.
Semtech Corporation (Nasdaq: SMTC) announced the integration of the LoRaWAN® protocol into Meshed Pty Ltd's nCounter people counting solution. This development aims to enhance public health and safety monitoring in smart cities during the COVID-19 pandemic. The nCounter leverages anonymous smartphone data to assess population movement in real-time, enabling city officials to track compliance with social distancing guidelines. Furthermore, a partnership with the University of Wollongong resulted in research into the pandemic's impact on local communities using data collected from 90 nCounter devices.
Semtech Corporation (Nasdaq: SMTC) has partnered with Digital Matter to deploy the Yabby Edge, a battery-powered tracking device leveraging Semtech’s LoRa Edge™ platform. This innovative device addresses key challenges in asset management, featuring low power consumption and a battery life of up to 12 years, making it suitable for various tracking applications such as inventory and medical equipment management. Set to launch in April 2021, the Yabby Edge operates on the LoRaWAN® protocol, promising reduced costs and complexity in IoT asset management.
Semtech Corporation (Nasdaq: SMTC) announced the integration of the LoRaWAN® protocol into the KLAX line of smart meter interface modules developed by Alpha-Omega Technology. This partnership enables efficient retrofitting of legacy metering solutions for real-time utility data transfer, significantly reducing installation costs.
The KLAX module offers magnetic deployment, real-time monitoring of energy and gas use, and facilitates smart utility management without the need for external devices. This innovation aims to provide substantial returns on investment for users.
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.
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