Mergers & Acquisitions ·
Semtech Corporation announced a definitive agreement to sell its cellular module business to Compal Electronics for…
SMTCSemtech Corp
Semtech Corporation announced a definitive agreement to sell its cellular module business to Compal Electronics for $62 million in cash. The transaction involves the transfer of substantially all assets, operations, intellectual property, customer relationships, and personnel associated with the divested unit. Both companies' boards have approved the deal, which is expected to close in the fourth quarter of Semtech's 2027 fiscal year, pending customary closing conditions and regulatory approvals. This strategic move allows Semtech to concentrate resources on its data center networking and LoRa connectivity segments. Semtech Corporation operates in the semiconductor industry, providing high-performance chips for AI data centers, IoT, and connected devices.