Semtech agrees to sell cellular module business to Compal for $62 million cash
SMTC•Closing expected in fiscal 2027
Closing is expected in the fourth quarter of Semtech’s fiscal 2027, pending customary conditions and regulatory clearances.
UBS Investment Bank is advising Semtech on the transaction.
Semtech to sell cellular module business
Semtech agreed to sell its cellular module business to Compal Electronics for $62 million in cash, subject to customary adjustments.
Compal is set to acquire most assets and operations tied to the unit, including intellectual property and staff.
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