Company type | Public |
---|---|
Industry | Semiconductors |
Founded | 1960Newbury Park, California | in
Headquarters | Camarillo, California, U.S. |
Key people | Rockell N. Hankin ( Chairman) Paul H. Pickle [1] (President and CEO) |
Products | Semiconductors |
Revenue | US$869 million (2024) |
US$−944 million (2024) | |
US$−1.09 billion (2024) | |
Total assets | US$1.37 billion (2024) |
Total equity | US$−307 million (2024) |
Number of employees | 1,917 (2024) |
Website |
www |
Footnotes / references Financials as of January 28, 2024 [update] [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]
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]
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]