Semtech to sell cellular module business to Taiwanese Compal for $62 million
NEW DELHI: Semtech Corporation has agreed to sell its cellular module business to the Taiwanese Compal Electronics for $62 million in cash, the companies said on Thursday.
The transaction has been approved by the board of directors of both companies and is expected to close during the fourth quarter of Semtech’s 2027 fiscal year.
Under the terms of the agreement, Compal will acquire “substantially” all of the assets and operations comprising Semtech’s cellular module business, including its associated intellectual property (IP), customer relationships, and personnel.
