Semtech Corp - SMTC STOCK NEWS

Semtech Corporation (NASDAQ: SMTC) announced the successful demonstration of a 200G/lane optical transmission link in collaboration with Broadcom and Keysight Technologies. This demo showcases Semtech's FiberEdge 200G PAM4 PMDs with Broadcom's 5nm 112GBd PAM4 DSP technology. The live demonstration will take place at the Optical Fiber Communication (OFC) 2023 exhibition in San Diego from March 7 to 9. This high-performance solution is designed to meet increasing data processing demands and supports scalable optical modules for data rates up to 3.2 Tbps, critical for future 51.2T and 102.4T switch platforms.

Semtech Corporation (NASDAQ: SMTC) will release its fourth quarter fiscal 2023 results on March 29, 2023, after market close. The financial results will be made available via Business Wire and posted on their website. Following the release, Semtech will host a conference call at 2 p.m. PT to discuss its performance, business activities, and future outlook, including plans involving the recent acquisition of Sierra Wireless. Interested participants can join the call by dialing in or via a live webcast.

Semtech Corporation (NASDAQ: SMTC) is teaming up with partners like The Things Industries to tackle IoT integration challenges by merging cellular and LoRaWAN technologies. This collaboration aims to enhance IoT adoption by simplifying deployments, reducing complexity, and expanding network coverage. The Things Industries recently announced a significant milestone of 1 million connected devices on its LoRaWAN infrastructure, showcasing its reliability. The partnership promises future innovations that address data availability, security, and cost predictability, which are crucial for IoT developers and systems integrators.

Sierra Wireless, a subsidiary of Semtech Corporation (SMTC), has unveiled the HL7900 LPWA module featuring Sony's ALT1350 chipset. This module aims to enhance IoT solutions with ultra-low power consumption and advanced hybrid connectivity, supporting 5G and unlicensed spectrum protocols. The ALT1350 chipset significantly reduces power consumption by 80%, allowing devices to last four times longer. The HL7900 will support evolving 3GPP standards and is expected to sample to customers later in 2023. The growing cellular IoT market is projected to reach $61 billion by 2026, driven by advancements in 5G and LPWA technologies.

Sierra Wireless, a subsidiary of Semtech Corporation, has launched Smart Connectivity Premium in the U.S.. This new service includes eUICC capabilities, providing resilient IoT managed connectivity across over 190 countries with a single global SIM. The technology allows devices to switch profiles and networks seamlessly, enhancing coverage. It supports multiple leading carrier networks in the U.S. and enables IoT devices to download local profiles while roaming. Smart Connectivity Premium is designed to reduce operational costs, accelerate IoT deployment, and maximize uptime for customers.

Semtech Corporation (SMTC) has launched a new Software Development Kit (SDK) to enhance Keyboard, Video, and Mouse (KVM) switching applications through its BlueRiver platform for Software Defined Video over Ethernet (SDVoE™). This SDK, which is freely available for download, aims to accelerate product development within the SDVoE ecosystem, enabling advanced features for remote desktop and USB collaboration. According to company officials, the SDK provides source code and compiled examples for developing a BlueRiver-based KVM server, aimed at medical operating rooms and control rooms. The KVM SDK will be showcased at Integrated Systems Europe from January 31 to February 3, 2023.

Semtech Corporation (NASDAQ: SMTC) announced a collaboration with Panasonic Connect to integrate its BlueRiver chipsets into Panasonic display products, enabling Software Defined Video over Ethernet (SDVoE) support. This integration enhances applications in business, education, and esports. The partnership allows for direct Ethernet connections without external devices, improving simplicity and performance. Panasonic’s Advanced 4K LED displays, including the EQ2, SQE1, and SQE2 series, will feature this technology, driving innovation in the professional AV market.

Semtech Corporation (SMTC) has successfully completed its acquisition of Sierra Wireless (SWIR) for approximately US$1.2 billion. This strategic move nearly doubles Semtech’s annual revenue and adds around US$100 million in recurring IoT Cloud service revenues. The acquisition is expected to enhance Semtech’s market position in the Internet of Things (IoT) sector, with an anticipated expansion of its market opportunity to US$10 billion by 2027. The deal is projected to provide US$40 million in run-rate operational synergies within 12-18 months.