Welcome to our dedicated page for Semtech news (Ticker: SMTC), a resource for investors and traders seeking the latest updates and insights on Semtech stock.
Semtech Corporation (SMTC) provides essential semiconductor solutions powering IoT ecosystems, industrial automation, and advanced connectivity. This dedicated news hub offers investors and technology professionals timely updates on corporate developments shaping the analog and mixed-signal semiconductor sector.
Key resources include: Earnings announcements detailing financial performance, product launch updates for IoT connectivity modules, strategic partnership disclosures, and technology innovation reports. All content is curated to help stakeholders track SMTC's role in enabling next-generation communication infrastructure and smart device ecosystems.
Bookmark this page for direct access to verified press releases and objective reporting on Semtech's advancements in signal integrity solutions, advanced protection technologies, and IoT system deployments. Check regularly for critical updates impacting semiconductor industry trends and enterprise connectivity markets.
Semtech Corporation (NASDAQ: SMTC) has been selected by the U.S. Department of Defense to implement a 3D tracking solution using Ripl Networks’ IP mesh technology at naval ports. This collaboration utilizes Semtech’s LoRa devices for long-range, low-power connectivity, allowing accurate tracking of assets without GPS. The initial deployment will occur at the Port of Hueneme. Ripl Networks will act as the systems integrator, incorporating Avnet’s IoT Connect platform for data management. This partnership emphasizes the military-grade application of IoT technology in asset tracking.
Semtech Corporation (Nasdaq: SMTC) reported Q3 FY2021 results with net sales of $154.1 million, a 7% sequential and 9% year-over-year increase. GAAP EPS stood at $0.28, while non-GAAP EPS was $0.47. Key highlights include an 8% rise in Distributor POS and a record 32% increase in Wireless and Sensing products, led by LoRa® platform sales. The company announced a collaboration with Amazon’s Sidewalk platform. For Q4, Semtech anticipates net sales between $153.0 million and $163.0 million, with projected GAAP EPS between $0.22 and $0.29.
Semtech Corporation (NASDAQ: SMTC) plans to release its third quarter fiscal year 2021 financial results after market close on December 2, 2020. The results will be accessible via BusinessWire and the company’s website. A conference call is scheduled for the same day at 2:00 p.m. PT, discussing performance, business activities, and future outlook. Semtech specializes in high-performance analog and mixed-signal semiconductors, contributing to infrastructure, consumer, and industrial markets while focusing on environmentally friendly practices.
Semtech Corporation (Nasdaq: SMTC) has partnered with Shenzhen Sundray Technology to develop a new Internet of Things (IoT) solution called the Software-Defined Classroom (SDC). Utilizing the LoRaWAN® protocol, this platform aims to enhance classroom safety and connectivity, addressing educational institutions' needs amidst the COVID-19 pandemic. With compliance to China’s GB/T 36342-2018 Standard and adoption by over 20,000 educational professionals, the SDC supports various applications, including occupancy monitoring and air quality sensors.
Semtech Corporation (Nasdaq: SMTC) announced that the LoRaWAN® protocol is enhancing IoT connectivity for smart industrial control applications. Cisco has utilized this protocol to create IoT sensor solutions for improved visibility in operational environments. The Cisco Industrial Asset Vision offers a cloud-based dashboard for efficient remote asset management, deployable via QR code for ease of use. As a leading low power, wide area networking solution, LoRaWAN enables geolocation for tracking and monitoring assets, enhancing operational efficiency across various applications.
Semtech Corporation (Nasdaq: SMTC) has introduced two new solutions for its LoRa Edge platform: the LoRa Basics Modem-E, a compliant software modem for the LoRaWAN protocol, and the LoRa Edge Tracker Reference Design, aimed at asset tracking. The Modem-E helps simplify IoT solution development, while the Tracker Reference Design offers a commercial-grade blueprint for asset tracking applications across sectors like logistics and healthcare. Both solutions enhance connectivity and accelerate time to market, benefiting developers and customers alike.
Semtech Corporation (Nasdaq: SMTC) announced a collaboration with TagoIO, leveraging Semtech’s LoRa Cloud geolocation services and LoRa Edge platform for an innovative low-power asset management solution. This partnership aims to provide developers and customers with tools to create flexible asset tracking applications across various sectors including agriculture and logistics. The integration emphasizes long-range connectivity while offering significant management efficiency and cost reduction. This collaboration enhances the accessibility and scalability of tracking solutions.
Semtech Corporation (Nasdaq: SMTC) announced a collaboration with Actility to launch a new Asset Management Evaluation Kit leveraging Semtech’s LoRa Edge™ geolocation solution. This kit enables solution providers to assess the technology for locating and monitoring IoT assets with reduced costs and complexities. Cross-industry applications include transportation, logistics, and healthcare, allowing for efficient indoor and outdoor location management. The evaluation kit combines Semtech’s chipset with Actility’s ThingPark™ platform, enhancing accessibility and streamlining the development of IoT asset management solutions.
Semtech Corporation (Nasdaq: SMTC) has partnered with Packetworx, a leading IoT provider in the Philippines, to launch innovative products: the automated packetSENSE Current Clamp for electricity monitoring and the packetSWITCH remote reboot device, utilizing the LoRaWAN® protocol. These solutions enhance remote monitoring capabilities for applications such as ATMs, enabling continuous operation and maintenance alerts with significant cost savings. The integration of LoRa technology offers long-range connectivity and low power consumption, fostering further IoT applications across various sectors.
Semtech Corporation (Nasdaq: SMTC) has expanded its board of directors to 11 members, appointing Paula LuPriore and Martin S.J. Burvill to fill the new positions. LuPriore, CEO of Wujitech, brings extensive experience in software engineering and corporate restructuring. Burvill, former President at Verizon Communications, is recognized for his expertise in business transformation and P&L management. CEO Mohan Maheswaran expressed optimism that their insights will enhance the company's strategy for a smarter, connected planet.
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