Semtech sells cellular module business to Compal for $62M cash

SEMTECH CORP

Definitive agreement to sell cellular module business to Compal Electronics (TWSE: 2324) for $62M cash, subject to adjustments.
Transaction includes substantially all assets, IP, customer relationships, and personnel of the cellular module business.
Expected to close in Q4 of Semtech's FY2027, pending customary conditions and regulatory approvals.
CEO Hong Hou says divestiture sharpens focus on data center and LoRa connectivity growth areas.
UBS Investment Bank and O'Melveny & Myers advised Semtech on the transaction.

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