Semtech Corp Announces Sale of Cellular Module Business to Compal for $62M

What Happened
Semtech Corporation (SMTC) announced on August 13, 2026 (via an 8-K and an attached press release) that it has entered into a definitive agreement to sell its cellular module business to Compal Electronics, Inc. (TWSE: 2324) for $62 million in cash, subject to customary adjustments. The press release is included as Exhibit 99.1 to the filing.

Key Details

• Buyer: Compal Electronics, Inc. (TWSE: 2324).
• Purchase price: $62 million in cash, subject to customary post-closing adjustments.
• Announcement/filing date: August 13, 2026 (8-K, Item 8.01).
• Transaction described as a definitive agreement in the company’s press release (Exhibit 99.1).

Why It Matters
The deal removes Semtech’s cellular module business from its operations and will provide roughly $62 million in cash consideration (adjusted as customary), which can affect Semtech’s balance sheet and liquidity. For investors, the transaction is a material strategic divestiture that may narrow Semtech’s product focus; review future filings for details on timing, closing conditions, and how proceeds will be used. Keywords: sale, divestiture, acquisition, cash proceeds, SMTC.