Semtech divests cellular module unit to Compal in $62M cash deal
Semtech is selling its cellular module business to Compal Electronics for $62 million, shedding assets acquired through its 2023 Sierra Wireless purchase. The transaction, expected to close in Q4 2027, includes intellectual property, customer relationships, and personnel. The move allows Semtech to concentrate on AI data center networking and LoRa connectivity.
Related stories
GoPro Acquired in $285M Deal, Retains Public Listing · Consumer gadgets
OpenAI's clinical AI now taps into Epic's vast patient database · Artificial intelligence
This summary is AI-generated and original to Mobble; the linked article is the authoritative source.
Original headline: “Semtech sells cellular module business to Compal for $62M.” Browse more stories.