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 its financial results for Q4 and FY2023, ending January 29, 2023. Highlights include:
- Acquired Sierra Wireless for $1.3 billion.
- Q4 net sales were $167.5 million; Semtech Organic sales at $152.5 million.
- GAAP gross margin was 59.7%; non-GAAP gross margin was 62.3%.
- FY2023 net sales reached $756.5 million with a record 40% growth in LoRa-enabled revenue.
- Outlook for Q1 FY2024 includes net sales between $230-$240 million and GAAP gross margins of 42.5%-44.7%.
Semtech Corporation (NASDAQ: SMTC) has announced a significant milestone in the Amazon Sidewalk initiative, leveraging its LoRa technology for extended IoT applications. Key features include broad nationwide coverage and partnerships with several companies to develop Sidewalk-enabled devices. Notable products include Browan's sensors and Deviceroy's smart modems. The LoRa technology is recognized for its ultra-low power requirements and long-range communication, making it ideal for sustaining IoT connectivity. The firm is also offering development kits to expedite the creation of new Amazon Sidewalk devices, further enhancing its market position and the potential for future growth.
Semtech Corporation (NASDAQ: SMTC) has announced a Cooperation Agreement with Lion Point Capital, one of its largest shareholders, owning approximately 4% of its shares. This agreement will facilitate the appointment of two independent directors to Semtech's Board of Directors within 30 days. The Board will expand from 10 to 12 members, with the newly appointed directors becoming part of the election process at the upcoming 2023 Annual Meeting. Semtech's Chairman expressed optimism about the new directors boosting the company’s growth potential, while Lion Point aims to add value for all stockholders.
Semtech Corporation (Nasdaq: SMTC) announces that CEO Mohan Maheswaran will retire after 17 years, continuing in a consulting role for 18 months during the transition. Under Maheswaran's leadership, Semtech's revenue grew from $200 million to over $1 billion, achieving record margins and earnings. The company completed several acquisitions, notably Sierra Wireless. The board chair praised Maheswaran's transformative leadership amid challenges like geopolitical tensions and COVID-19. The company is now seeking a new CEO while preparing for future growth.
Semtech Corporation (Nasdaq: SMTC) has announced the promotion of Asaf Silberstein to the newly established role of Chief Operating Officer (COO). With over 20 years in the semiconductor industry, Silberstein was previously the Executive Vice President of Worldwide Operations and IT. His promotion follows Semtech's acquisition of Sierra Wireless, which doubled the company's size, indicating a need for enhanced operational focus. CEO Mohan Maheswaran expressed confidence in Silberstein's abilities to lead the company’s business groups, sales, and operations, signaling a strategic move towards innovation and growth.
Semtech Corporation (NASDAQ: SMTC) has partnered with Everynet and ChirpStack to enhance its developer program by offering free access to the Everynet National LoRaWAN® network. This collaboration allows developers to test and deploy IoT solutions without the need for their own gateways. The Semtech Network Server, powered by ChirpStack, provides a unified platform for developers to learn, build, and experiment with LoRaWAN technology. This initiative aims to lower barriers for developers, promoting broader adoption of IoT solutions in various industries.
Semtech Corporation (NASDAQ: SMTC) has expanded its LoRa® portfolio with the launch of the LoRa Connect™ LR1121 transceiver, which offers lower power consumption and global connectivity for IoT endpoints. This innovation is poised to enhance market presence in sectors like smart cities and agriculture. The LR1121 is designed for long-range communication and is compatible with existing LoRa Edge™ devices. Collaborations with Murata and Johanson Technology will facilitate faster product development with reduced costs. Semtech continues to invest in improving LoRa technology and aims to solidify its position as a leader in IoT connectivity solutions.
Semtech Corporation (NASDAQ: SMTC) has introduced a refreshed brand identity following its acquisition of Sierra Wireless. This integration expands Semtech's product offerings, featuring a comprehensive Cloud-to-chip portfolio, including semiconductors, cellular modules, routers, and software solutions aimed at enhancing digital transformation. The new branding emphasizes sustainability and innovation, with a modern logo and eco-friendly color palette. Semtech aims to leverage its combined strengths in semiconductor technology and IoT solutions to create smarter, more connected products that tackle global challenges, particularly in sustainable technology.
Semtech Corporation (NASDAQ: SMTC) announced new products in its Signal Integrity portfolio, enhancing its optical fiber integrated circuit solutions for data centers, wireless infrastructure, and passive optical networks (PON). The product launch aligns with the growing demand for high-speed data connectivity driven by the digital revolution. Key offerings include the PON-X™ chipset for 50G HS-PON, FiberEdge® TIA amplifiers, and a live 200G optical link demonstration. Semtech also joined the Mobile Optical Pluggable Alliance to advance 5G optical solutions.
Semtech Corporation (NASDAQ: SMTC) has unveiled its newest PMD chipset that meets ITU standards for 50G HS-PON Optical Line Terminal applications, enhancing their PON-X™ platform. This advancement allows for multi-gigabit broadband services crucial for both residential and commercial use, driving growth in the PON market. Featured products include the GN7161 combo chip and the GN7060 burst mode TIA, both aimed at ensuring high-performance and efficient signal processing. The technology will be showcased at OFC 2023, highlighting Semtech's commitment to innovation in optical networking solutions.
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