Semtech divests high reliability discrete diodes, assemblies unit for $30M

May 03, 2022 5:08 PM ETSemtech Corporation (SMTC)By: Jessica Kuruthukulangara, SA News Editor
  • Semtech (NASDAQ:SMTC) said Tuesday it divested its high reliability discrete diodes and assemblies business to Micross Components for $30M in an all-cash deal.
  • FY22 revenue for this business was ~$14M.
  • All employees will be retained by Micross.
  • "The divestiture is consistent with our practice to exit non-strategic businesses that do not align with our Smarter Planet initiatives," said SMTC CEO Mohan Maheswaran.
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