Semtech Announces Sale of Cellular Module Business to Compal for $62 Million

Semtech Corporation (SMTC) has entered into a definitive agreement to sell its cellular module business to Compal Electronics, Inc. for $62 million in cash. This divestiture is part of a broader strategy to sharpen the company's focus on its core growth areas, specifically data center and LoRa connectivity.

Key Details

• Transaction Value: The sale price is $62 million in cash, subject to customary closing adjustments.
• Divested Assets: The sale includes substantially all assets of the cellular module business, including intellectual property, customer relationships, and personnel.
• Timeline: The transaction is expected to close during the fourth quarter of Semtech's 2027 fiscal year, subject to regulatory approvals and other customary conditions.