Semtech Corporation
Company typePublic company
IndustrySemiconductors
Founded1960; 64 years ago (1960) in Newbury Park, California
HeadquartersCamarillo, California, U.S.
Key people
Rockell N. Hankin
(Chairman)
Paul H. Pickle[1]
(President and CEO)
ProductsSemiconductors
RevenueIncrease US$757 million (2023)
Decrease US$92.8 million (2023)
Decrease US$61.4 million (2023)
Total assetsIncrease US$2.57 billion (2023)
Total equityIncrease US$756 million (2023)
Number of employees
2,248 (2023)
Websitewww.semtech.com
Footnotes / references
Financials as of January 29, 2023[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 CA$500 million (US$494 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]

References

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

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