Semtech Corp. develops high-performance semiconductor, Internet of Things connectivity, and cloud connectivity service technologies for data center networking, cellular infrastructure, industrial equipment, and connected-device applications. Company news commonly covers product launches across signal integrity, analog mixed-signal, wireless, and IoT systems, including high-speed optical interconnect ICs, LoRa technology, 5G RedCap modems, SurgeSwitch circuit protection devices, AirLink routers, Smart Connectivity services, and AirVantage platform capabilities.
Recurring updates also include financial results, investor conference participation, partner integrations, technology demonstrations, and deployments tied to AI data centers, industrial IoT, passive optical networks, video surveillance, and license-free IoT networks.
Semtech Corporation (Nasdaq: SMTC) reported strong financial results for Q2 FY2023, with record net sales of $209.3 million, up 3.5% sequentially and 13.1% year-over-year. The company achieved a record GAAP gross margin of 64.9% and non-GAAP gross margin of 65.2%. Diluted earnings per share came in at $0.81 (GAAP) and $0.87 (non-GAAP). Despite these achievements, Semtech anticipates a weaker second half of the year due to a deteriorating macro demand environment. For Q3 FY2023, the company expects net sales between $170.0 million and $180.0 million.
Semtech Corporation (NASDAQ: SMTC) has launched the CopperEdge™ product portfolio, starting with the GN8112, a 112G PAM4 quad linear equalizer. This product targets next-generation 400G and 800G data center interconnects, allowing active copper cables to extend connections up to five meters, ensuring low power consumption (0.75 Watt) and low latency (<10ps). The GN8112 is now available for sampling, aiming to meet the growing demand for high-performance data center solutions in cloud computing and AI applications.
Semtech Corporation (NASDAQ: SMTC) announces a collaboration with IoT Ventures and Lacuna Space to implement a Drought Early Warning System in New Zealand and South Pacific communities. Utilizing Semtech's LoRa devices, this network of low-cost sensors analyzes water consumption and rain forecasts to manage water supplies efficiently. The solar-powered sensors offer an operational life of 7 to 10 years, helping mitigate drought impacts. The solution aligns with United Nations Sustainability goals by providing reliable access to clean water and facilitating resource management.
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.