Semtech Stock Price, News & Analysis

Semtech Corporation will release its Q2 fiscal 2023 financial results on August 31, 2022, after market close. A conference call is scheduled for 2 p.m. PT to discuss performance, current activities, and future outlook. Investors can access the webcast on Semtech's website. As a global supplier of high-performance analog and mixed-signal semiconductors, Semtech is committed to sustainability and reducing environmental impact through its internal green programs. For further information, visit semtech.com.

Semtech Corporation has announced its acquisition of Sierra Wireless for US$31 per share, totaling approximately US$1.2 billion. This strategic move is projected to almost double Semtech's annual revenue and add over US$100 million in high-margin recurring IoT Cloud revenues. The deal is expected to enhance Semtech's IoT addressable market by 10x, reaching US$10 billion by 2027. Anticipated operational synergies of US$40 million are expected within 12-18 months post-closure.

Semtech Corporation (Nasdaq: SMTC) has initiated discussions for a potential acquisition of Sierra Wireless, Inc. (Nasdaq: SWIR) at a price of US$31 per share. Semtech emphasizes that there are no guarantees regarding the continuation of these discussions or the finalization of any agreement. The company does not plan to issue further updates until a binding agreement is reached. Semtech, a global leader in analog and mixed-signal semiconductors, aims to advance its market position through this potential transaction.

Sierra Wireless (NASDAQ: SWIR) has entered advanced discussions regarding a potential transaction with Semtech Corporation (NASDAQ: SMTC) at a proposed price of US$31 per share. No assurances have been made regarding the continuation of these discussions or the completion of any transaction. Sierra Wireless plans to refrain from further announcements until a definitive agreement is finalized. This ongoing negotiation highlights Sierra's strategic positioning within the IoT solutions market, where it aims to deliver enhanced value to its customers.

Semtech Corporation (NASDAQ: SMTC) has partnered with SkyLab and HeNet B.V. to launch innovative dual-band gateways utilizing LoRa® technology aimed at enhancing maritime logistics and monitoring. The new LongAP Pro gateway will support both sub-GHz and 2.4GHz ISM bands, streamlining asset tracking for maritime operators like Stena Line, which handles approximately 28,000 departures annually. This collaboration aims to improve visibility in global supply chains and unlock new possibilities in asset tracking through Semtech's advanced LoRa portfolio.

Semtech Corporation (SMTC) launched its LoRa Cloud Locator, a new SaaS solution for evaluating the LoRa Edge geolocation platform. This service allows customers to assess performance metrics such as accuracy and power usage of LoRa Edge devices, tailored for indoor and outdoor asset tracking. Built with serverless technology, users can visualize tracker locations quickly, typically within 15 minutes. Semtech aims to enhance various industries' asset tracking capabilities, promoting efficiency across the supply chain.

Semtech Corporation has partnered with Mt. Titlis to integrate its BlueRiver® AV over IP technology into the Smart City Integrated Command Center. This collaboration enables high-quality, uncompressed 4K60 4:4:4 video along with efficient KVM functionality, reducing system complexity. The Command Center enhances public safety by providing operators with high-fidelity viewing, promoting effective information distribution for quicker responses. This partnership exemplifies how Semtech's technology supports urban governance through improved operational efficiency.

The LoRa Alliance announced the complete program for the LoRaWAN World Expo happening on July 6-7, 2022, in Paris. This event will highlight LoRaWAN best practices, features, and certification value through dynamic sessions and live demos. Attendees will engage in hands-on technical demonstrations, including the use of a LoRaWAN private network for real-time data reporting. The expo will cover topics such as security, ease of deployment, and present various applications of LoRaWAN technology across multiple vertical markets.

Semtech Corporation (NASDAQ: SMTC) has partnered with Broadata Communications to integrate its GS12170 SDI/HDMI bridge ASIC solution into Broadata's new Quad/12G SDI wall plate. This integration allows seamless conversion between SDI and HDMI 2.0 standards and facilitates low-power transmission of uncompressed 4K video and multi-channel audio. The collaboration aims to enhance SDVoE network capabilities, delivering near zero latency UHD video over standard Ethernet. Semtech's focus on low power consumption and compact design is expected to meet growing industry demands for diverse video interfaces.