Semtech Completes Divestiture of High Reliability Discrete Diodes and Assemblies
Semtech Corporation announced it has completed the divestiture of its high reliability discrete diodes and assemblies business to Micross Components, Inc. for $30 million in an all-cash transaction. Fiscal year 2022 revenue for this business was approximately $14 million. All employees will be retained by Micross Components and continue to support the future of the business. Additional details regarding the impact of this transaction will be discussed in Semtech’s Q1 fiscal year 2023 earnings call.
CAMARILLO, Calif.--(BUSINESS WIRE)-- Semtech Corporation (Nasdaq: SMTC), a leading global supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced today it has completed the divestiture of its high reliability discrete diodes and assemblies business to Micross Components, Inc. for $30 million in an all-cash transaction. Fiscal year 2022 revenue for this business was approximately $14 million. All employees will be retained by Micross Components and continue to support the future of the business. Additional details regarding the impact of this transaction will be discussed in Semtech’s Q1 fiscal year 2023 earnings call.
Mohan Maheswaran, Semtech’s president and chief executive officer, stated, “The divestiture of our legacy high reliability discrete diode and assemblies business is consistent with our practice to exit non-strategic businesses that do not align with our Smarter Planet initiatives. We believe that this mostly defense and space business will fit well with the current Micross portfolio and wish the teams continued success with the profitable business we built together.”
This transaction was supported by KPMG Corporate Finance LLC, O’Melveny & Myers LLP and Pérez Correa, González y Asociados, S.C.
Semtech Corporation is a leading global supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms for infrastructure, high-end consumer and industrial equipment. Products are designed to benefit the engineering community as well as the global community. The Company is dedicated to reducing the impact it, and its products, have on the environment. Internal green programs seek to reduce waste through material and manufacturing control, use of green technology and designing for resource reduction. Publicly traded since 1967, Semtech is listed on the NASDAQ Global Select Market under the symbol SMTC. For more information, visit www.semtech.com.
Micross is the most complete provider of advanced microelectronic services and component, die and wafer solutions. With the broadest authorized access to die & wafer suppliers, and the most comprehensive advanced packaging, assembly, modification and test capabilities, Micross is uniquely positioned to provide unparalleled high-reliability solutions from bare die, to fully packaged devices, to complete program lifecycle sustainment. For more than 40 years, Micross has been a trusted source for the aerospace, defense, space, medical, energy, industrial, and other markets. For more information about Micross, please visit www.micross.com.
本文所包含的非历史事实声明的所有声明（包括使用“将”、“相信”、“旨在”或其他类似词语或表达的声明，描述 Semtech Corporation 或其管理层未来计划、宗旨或目标的声明）均属于“前瞻性声明”，并且该等声明均根据经修订的 1995 年《私人证券诉讼改革法案》安全港规定作出。此类前瞻性声明涉及已知和未知的风险、不确定性以及其他可能导致 Semtech Corporation 的实际结果与历史结果和／或该等前瞻性声明所明示或暗示的任何未来结果或成果有重大区别的因素。这些因素包括但不限于：围绕供应链限制和任何相关中断的影响和持续时间的不确定性；围绕新冠疫情的影响和持续时间的不确定性；影响 Semtech Corporation 贸易和投资的出口限制和法律，包括与华为及其某些关联公司以及美国政府指定的其他实体有关的出口限制和法律，以及关税或贸易战的发生；由于目前俄罗斯和乌克兰之间的冲突而导致的全球经济和政治混乱；市场竞争的变化，包括但不限于适用产品或技术的增长速度或采用率；商业周期的衰退；以及 Semtech Corporation 在提交给美国证券交易委员会 (www.sec.gov) 的 10-K 表年度报告中列出的其他风险因素，这些风险因素可能会在 Semtech Corporation 向美国证券交易委员会提交的后续报告中不时更新、修订或取代。除非法律要求，Semtech Corporation 没有义务更新任何前瞻性声明，以反映发布日期之后可能发生的事件或情况。
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