Semtech to Acquire Sierra Wireless

Semtech Corporation (Nasdaq: SMTC), a leading global supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms, and Sierra Wireless, Inc. (Nasdaq: SWIR) (TSX: SW), a world-renowned Internet of Things (IoT) solutions provider, today announced a definitive agreement under which Semtech will acquire all outstanding shares of Sierra Wireless for US$31 per share in an all-cash…

Chip Buyers: Old Habits Die Hard

Chip supplies could see a surplus as early as the first half of next year, according to Gartner, following more than two years of severe constraint. Demand is plummeting for PCs and smartphones, loosening up inventory for other users of semiconductors. Not all IC categories will be in abundance: microcontrollers, PMICs and analog chips remain…