Semtech Explained

Semtech Corporation
Type:Public
Founded: in Newbury Park, California
Key People:Rockell N. Hankin (chairman)
Dr. Hong Q. Hou[1] (president & CEO)
Industry:Semiconductors
Products:Semiconductors
Revenue: (2024)
Operating Income: (2024)
Net Income: (2024)
Assets: (2024)
Equity: (2024)
Num Employees:1,917 (2024)
Footnotes:Financials [2]

Semtech Corporation is a supplier of analog and mixed-signal semiconductors and advanced algorithms for consumer, enterprise computing, communications and industrial end-markets. It is based in Camarillo, Ventura County, Southern California. It was founded in 1960 in Newbury Park, California. It has 32 locations in 15 countries in North America, Europe, and Asia.[3]

Semtech is the developer of LoRa, a long-range networking initiative for the Internet of Things.[4] As of March 2021, over 178 million devices use LoRa worldwide.[5] LoRa has been used in satellites, tracking of animals,[6] UAV radio control,[7] and natural disaster prediction,[8]

Semtech has been publicly traded since 1967. In 1995, Semtech ranked fifth on the Bloomberg 100 list of top-performing stocks of 1995 on the New York and American stock exchanges and the NASDAQ National Market.[9]

Products

Semtech offers a variety of products, including LoRa, a long-range, low-power networking platform; receivers and transmitters; touch and proximity devices; wireless charging; and power management solutions.[10] Semtech's chips were utilized in products using the Amazon Sidewalk protocol,[11] as well as to monitor water leaks.[12] A collaboration with Unabiz to produce IoT devices that use both Semtech's LoRaWAN as well as Unabiz's Sigfox systems was announced in July 2023.[13] Semtech additionally offers HDMI to SDI converter chips[14] as well as LoRa transceiver with global coverage.[15]

Acquisitions

In December 1999, Semtech bought USAR Systems Inc., a maker of embedded devices for handheld and notebook computers, for $26.7 million in stock.[16] [17]

In March 2012, it bought Gennum Corporation, a supplier of high-speed analog semiconductors, for approximately million (million).[18] In the same month, they acquired Cycleo SAS, a supplier of wireless semiconductor products, for $5 million in cash.[19] [20] [21]

In August 2022, Semtech agreed to buy Canadian Internet of things (IoT) technology company Sierra Wireless in an all-cash transaction valued at US$1.2 billion including debt.[22] The acquisition completed in January 2023.[23]

Notes and References

  1. Web site: Dr. Hong Q. Hou. 2024-07-12. Semtech. en-US. 2024-07-12.
  2. Web site: Form 10-K . 28 March 2024 . U.S. Securities and Exchange Commission.
  3. Web site: Semtech Corporation Company Overview Semtech. 2021-03-26. www.semtech.com. en.
  4. Web site: Semtech's LoRa Technology will support 80 million LoRa-enabled end nodes by early 2019. 2018-09-13. IoT Business News. en-US. 2019-06-23.
  5. Web site: Semtech LoRa Technology Overview Semtech. 2021-03-26. www.semtech.com. en.
  6. Web site: IoT Aims to Track Free-Ranging Reindeer in Finland. 19 January 2018 . https://web.archive.org/web/20200705225747/https://www.rfidjournal.com/iot-aims-to-track-free-ranging-reindeer-in-finland-2. dead. July 5, 2020. 2021-03-26. en-US.
  7. Web site: Review: TBS Tracer RC System (Module and Receiver) . OscarLiang.com . 13 June 2021.
  8. Web site: IoT is revolutionizing natural disaster prediction - IoT Agenda. 2021-03-26. internetofthingsagenda.techtarget.com.
  9. Web site: Semtech Corp. Ranks 5th on Bloomberg List of 100 Top Stocks. 2019-05-14. Los Angeles Times. https://web.archive.org/web/20190514225524/https://www.latimes.com/archives/la-xpm-1996-01-23-fi-27670-story.html. 14 May 2019. 2019-06-23.
  10. Web site: Analog and Mixed-Signal Semiconductor Products Semtech Semtech. 2021-03-26. www.semtech.com. en.
  11. Web site: 2024-01-07 . 2023-03-30 . Semtech announces LoRa-enabled Third Party Products . geospatialworld.net .
  12. Web site: 2024-01-07 . 2023-08-02 . Semtech and Kairos Implement Leak Detection Systems to Preserve Historic Ghirardelli Square Building . iotbusinessnews.com .
  13. Web site: 2024-01-07 . 2023-07-25 . LoRa and Sigfox tie the knot – Semtech and Unabiz shake on historic IoT coalition . rcrwireless.com .
  14. Web site: 2024-01-07 . 2021-03-24 . Semtech Announces New Chip Solution, GS12170 SDI/HDMI Bridge for Broadcast Video . businesswire.com .
  15. Web site: 2024-01-07 . 2023-03-16 . Semtech Unveils the LR1121 LoRa Transceiver with Sub-GHz, 2.4GHz, and S-Band Satellite Connectivity . hackster.io .
  16. News: 1999-12-07. Company News; Semtech Acquires Usar, Computer Component Maker. en-US. Bloomberg News. 2019-06-23. 0362-4331.
  17. Web site: Semtech acquires USAR Systems EE Times. 2021-03-26.
  18. Web site: 2012-01-24. Semtech Announces Plans to Acquire Gennum Corporation. 2021-03-26. www.businesswire.com. en.
  19. Web site: Semtech (SMTC). 2020-04-29. Forbes. en.
  20. Web site: 2012-03-07. Semtech Acquires Wireless Long Range IP Provider Cycleo. 2021-03-26. www.businesswire.com. en.
  21. Web site: Semtech buys Cycleo for $5 million - L.A. Biz. 2021-03-26. www.bizjournals.com.
  22. News: Semtech Agrees to Buy Sierra Wireless at $1.2 Billion Value . 2022-08-02 . . Ed . Hammond . Liana . Baker . limited.
  23. Web site: Malder . Mark . 2023-01-16 . Semtech Completes Sierra Wireless Acquisition . San Fernando Valley Business Journal.

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