Semtech Expands Smart Connectivity Advanced VoLTE Coverage

Rhea-AI Summary

Semtech (SMTC) has expanded its AirVantage® Smart Connectivity Advanced solution to include VoLTE service in the U.S. and Europe. The service is now available in over 40 countries and territories, providing essential voice capabilities for IoT applications in healthcare, security, and smart city infrastructure. The solution offers access to more than 600 networks across 190+ countries through a single global SIM, addressing global deployment complexities and regulatory challenges. According to Transforma Insights, approximately 20% of all IoT connections will require voice support by 2033, particularly in applications like smart watches, child tracking, and vertical transportation.

Positive

• Expansion into 40+ countries with VoLTE service coverage
• Access to 600+ networks across 190+ countries through single global SIM
• Market growth potential with 20% of IoT connections requiring voice support by 2033

Negative

• None.

Insights

Tech Expert

The expansion of Semtech's VoLTE service represents a strategic market positioning in the growing IoT voice services sector. With projections showing 20% of IoT connections requiring voice support by 2033, this expansion into 40+ countries positions Semtech to capture significant market share. The multi-IMSI global SIM solution addresses critical infrastructure needs while future-proofing against technology transitions. Access to 600+ networks across 190+ countries creates a compelling competitive advantage, particularly in sectors requiring reliable voice communications like healthcare and security. However, the immediate revenue impact may be gradual as market adoption develops. The backward compatibility with 2G/3G networks through CSFB ensures service continuity in markets still transitioning to newer technologies.

• Semtech Voice over LTE (VoLTE) service now available in over 40 countries and territories, including in the U.S. and Europe
• Essential for critical IoT voice applications in healthcare, security, and smart city infrastructure

CAMARILLO, Calif.--(BUSINESS WIRE)-- Semtech Corporation (Nasdaq: SMTC), a highperformance semiconductor, IoT systems and cloud connectivity service provider, today announced expansion of its AirVantage® Smart Connectivity Advanced solution to include VoLTE service in the U.S. and Europe. VoLTE enables seamless usage across data, SMS, and voice services required in applications among the healthcare, security, and smart city infrastructure segments.

Semtech Expands Smart Connectivity Advanced VoLTE Coverage (Graphic: Business Wire)

Transforma Insights projects that approximately 20% of all IoT connections will require voice support by 2033. IoT use cases include portable electronics such as smart watches, child tracking, and vertical transportation like elevators and escalators. According to Matt Hatton, Transforma Insights founder, “There is a growing requirement for IoT applications to support voice, and in the vast majority of cases, it will have to be done by way of a scalable VoLTE (and eventually Voice over New Radio (VoNR) for 5G) solution capable of delivering secure, resilient and enriched voice services in an efficient manner.”

Semtech offers VoLTE through its Smart Connectivity Advanced solution in over 40 countries and territories, including in the U.S. and Europe, with plans to further expand in Asia Pacific and Latin America. Smart Connectivity addresses the complexities of global deployments, network coverage, and regulatory challenges like technology sunsets and permanent roaming restrictions, through one global SIM with access to more than 600 networks in over 190 countries and territories. While built on 4G LTE, the Smart Connectivity Advanced solution also supports voice services through circuit switched fall back (CSFB) on 2G/3G networks in countries where the technologies are still available.

“Voice services are essential for critical use cases that keep people safe and secure, through smart watches and other monitoring devices in assisted living facilities, emergency call mechanisms in elevators, tracking and calling applications in freight and fleet management for lone worker safety, and entrance monitoring with access control and intercoms,” said Rupa Datta, senior director of Semtech’s managed IoT services. “It is crucial to ensure that these devices have reliable connections. The Smart Connectivity Advanced solution is future-proofed, which means that customers who subscribe and use voice service can expect to enjoy the expanded coverage as we grow our resilient, global footprint.”

Smart Connectivity Advanced VoLTE enables Semtech to meet the demand across industry segments with its intelligent multi-IMSI, design on one global SIM which simplifies complex deployments, can significantly reduce the total cost of ownership, help create operational efficiencies and provide built-in resilience to enable reliable connectivity.

About Semtech’s Smart Connectivity

Semtech’s Smart Connectivity solution is robust and scalable, with a network infrastructure that has multiple points of presence across two continents. In addition, customers can benefit from Smart Support, which is available 24/7/365 across the globe. For more personalized support, customers can opt for Gold or Platinum level support, which gives access to a direct phone line or a dedicated support team. With over 30 years of IoT experience, Semtech is dedicated to making IoT easy. The Smart Connectivity Advanced VoLTE offer is available now. To learn more, please visit https://www.semtech.com/smart-connectivity.

About Semtech

Semtech Corporation (Nasdaq: SMTC) is a high-performance semiconductor, IoT systems, and cloud connectivity service provider dedicated to delivering high-quality technology solutions that enable a smarter, more connected, and sustainable planet. Our global teams are committed to empowering solution architects and application developers to develop breakthrough products for the infrastructure, industrial and consumer markets. To learn more about Semtech technology, visit us at Semtech.com or follow us on LinkedIn or X.

Forward-Looking and Cautionary Statements

All statements contained herein that are not statements of historical fact, including statements that use the words “future,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “would,” “could,” “can,” “may,” or other similar words or expressions, that describe Semtech’s or its management’s future plans, objectives or goals are “forward-looking statements” and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of Semtech to be materially different from the historical results and/or from any future results or outcomes expressed or implied by such forward-looking statements. Such factors include those risk factors set forth in Semtech’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (www.sec.gov) on March 28, 2024 as such risk factors may be updated, amended or superseded from time to time by subsequent reports that Semtech files with the Securities and Exchange Commission. Semtech assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law.

Semtech, the Semtech logo, and AirVantage are registered trademarks or service marks of Semtech Corporation or its subsidiaries.

SMTC-P

View source version on businesswire.com: https://www.businesswire.com/news/home/20241024943043/en/

Michelle Lozada, pr@semtech.com

Source: Semtech Corporation

FAQ

What is Semtech's (SMTC) VoLTE coverage expansion announcement?

Semtech has expanded its AirVantage Smart Connectivity Advanced VoLTE service to over 40 countries and territories, including the U.S. and Europe, with plans for further expansion in Asia Pacific and Latin America.

How many networks does Semtech's (SMTC) Smart Connectivity solution cover?

Semtech's Smart Connectivity solution provides access to more than 600 networks across over 190 countries and territories through a single global SIM.

What is the projected IoT voice support demand for Semtech (SMTC) services?

According to Transforma Insights, approximately 20% of all IoT connections will require voice support by 2033, particularly in applications like smart watches, child tracking, and vertical transportation.