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Semtech (SMTC) Stock News, Oct 1-19, 2020

SMTC Nasdaq

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.

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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.

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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.

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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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Semtech Corporation (Nasdaq: SMTC) announced that YUAN High-Tech Development Co., Ltd. has launched a new lineup of AV extenders using Semtech’s AVX technology. These extenders offer zero latency, lossless HDMI extension up to 4K60/HDR over both copper and fiber options. With AVX, YUAN can transmit HDMI signals over distances up to 40km using single-mode fiber and 100m over Cat-6a copper cable, maintaining high video quality and minimizing electromagnetic interference.

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FAQ

What is the current stock price of Semtech (SMTC)?

Semtech (SMTC) last closed at $187.3.

What is the market cap of Semtech (SMTC)?

The market cap of Semtech (SMTC) is approximately $17.5B.