Semtech Stock Price, News & Analysis

Semtech Corporation has announced the launch of the REYAX RYLR998, a new antenna transceiver module utilizing Semtech’s LoRa technology. This module operates in the 868/915 MHz frequency range and supports ultra-long range communication with minimal power consumption. The RYLR998 is designed for diverse applications including smart homes and agriculture, boasting a transmission distance of up to 20 kilometers. The integration enhances battery life and enables control of various sensors while maintaining a compact size of 32 x 14 x 2.2mm.

Semtech Corporation has partnered with CITiLIGHT to enhance smart street lighting using the VELOCITi™ LMS system. This collaboration has resulted in the automation of over 1 million street lights across more than 100 cities in India, achieving energy savings of approximately 1.29 billion kWh. Semtech's LoRa devices and LoRaWAN standard enable real-time monitoring and control, significantly improving city safety and sustainability. The system's command latency is under five seconds, making it efficient for smart city applications.

Micross Components has announced the acquisition of Semtech Corporation's High-Reliability Discrete Diodes and Assemblies business. This strategic move enhances Micross's offerings in the high-reliability microelectronic components sector, which serves critical industries like aerospace and defense. The acquired products, renowned for their durability, have a history of over 60 years in military and space applications. With this acquisition, Micross aims to leverage new growth opportunities and expand its high-quality product range, reinforcing its position as a leading provider in the market.

Micross Components has acquired Semtech's High-Reliability Discrete Diodes and Assemblies business, enhancing its product offerings for high-reliability markets. This strategic acquisition aligns with Micross' goal to expand its manufacturing capabilities in Mexico, aiming to serve aerospace, defense, and medical sectors more effectively. The move is expected to bolster Micross' position as a leading supplier of high-reliability electronic products. This acquisition is the fifth made under Behrman Capital's ownership.

Semtech Corporation (NASDAQ: SMTC) has successfully divested its high reliability discrete diodes and assemblies business to Micross Components, Inc. for $30 million in cash. This unit generated approximately $14 million in revenue during fiscal year 2022. The divestiture aligns with Semtech's strategy to exit non-core businesses that do not support its Smarter Planet initiatives. Micross will retain all employees from the acquired business, ensuring continuity. Semtech plans to discuss further details regarding this transaction in its upcoming Q1 fiscal year 2023 earnings call.

Semtech Corporation (NASDAQ: SMTC) has appointed Julie McGee as senior vice president and chief marketing officer. McGee brings extensive experience from her previous roles at Intel, focusing on marketing and strategy. Her leadership aims to enhance Semtech's brand presence and support growth initiatives. Semtech's President and CEO, Mohan Maheswaran, expressed confidence in McGee's ability to drive the company's marketing strategies as it enters a new growth phase. The company is known for its high-performance analog and mixed-signal semiconductor solutions.

Semtech Corporation (SMTC) has launched the new LoRa Edge LR1120, enhancing its IoT offerings by integrating satellite-based technology for global low-power geolocation. This device enables seamless supply chain management and logistics with improved interoperability across multiple regulatory zones. Key features include multi-band LoRa capabilities and a cloud-based geolocation solver, enabling a wide range of applications from infrastructure monitoring to agriculture.

Industry experts believe this innovation could significantly transform the landscape of remote monitoring and logistics.

Semtech Corporation (NASDAQ: SMTC) has announced a collaboration with JAM-Labs to integrate its BlueRiver® platform into new surgical displays. This partnership allows JAM-Labs to offer near-zero latency, uncompressed 4K video for operating rooms, enhancing surgeon performance and patient care. The BlueRiver technology streamlines operations by eliminating external converters, providing a cleaner setup. This advancement positions Semtech as a key player in medical technology, showcasing the capabilities of Software Defined Video over Ethernet (SDVoE) in healthcare environments.

Semtech Corporation (NASDAQ: SMTC) announces collaboration with Enthu Technology Solutions India and Xorowin Mechatronics to launch SIPOAL, a smart single point lubricator using LoRaWAN technology. This device enhances industrial automation by providing real-time lubrication monitoring, reducing operational costs, and improving machine uptime. Deployed in sectors like textiles and food processing, SIPOAL can be configured via mobile and web platforms, showcasing its long-range capabilities under various industrial conditions. This innovative solution meets the growing demand for automation in smart factories.