Semtech Reaffirms Commitment to Sustainability at Electronica 2024

Semtech Corporation (Nasdaq: SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, is proud to reaffirm its commitment to sustainability at this year's Electronica conference in Munich, Germany from November 12-15, 2024.

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Semtech Reaffirms Commitment to Sustainability at Electronica 2024 (Graphic: Business Wire)

The need to prioritize sustainability and accelerate efforts to build a more resilient future remains critical. According to the latest United Nations Global Compact + Accenture CEO Study, the world is not progressing at the pace needed to meet global sustainability goals. Additionally, the International Energy Agency forecasts a dramatic rise in the adoption of green technologies, projecting that investments in sustainable industrial solutions will reach $1 trillion annually by 2030. The trend toward sustainable development is clear and compelling, reinforcing the need for industries to evolve with environmental considerations.

"We believe that sustainable innovation is key to solving some of the world's most critical challenges," said Hong Hou, president and chief executive officer of Semtech. "Electronica is the ideal opportunity to share our sustainability vision. Technology should push boundaries and contribute positively to the world. This principle will continue to guide our strategy, product innovation, and global operations."

Semtech at Electronica 2024

Semtech strives to take proactive steps to address the pressing need for sustainable technology solutions amidst growing environmental challenges. At Electronica, the company will showcase its latest innovations designed to minimize environmental impact while maximizing resource efficiency.

Visitors to the Semtech booth #C3.262 will have the opportunity to explore the company's newest offerings and learn more about its sustainable development initiatives. Semtech experts will be available to discuss how these advancements can drive positive change across industries. Key highlights and demos will include:

• Semtech’s advanced circuit protection solutions for safeguarding sensitive, critical circuitry in electronics in applications ranging from consumer to industrial, telecom, and automotive
• LoRa® wireless IoT solutions for connected spaces such as SMB and smart home, asset tracking, and LoRaWAN® satellite connectivity
• PerSe® smart sensing solutions for human interface applications to enhance connectivity and improve end user experience in consumer, wearable, automotive, and industrial applications
• Cellular IoT modules and connectivity solutions to securely connect global mission-critical applications, such as smart cities and asset tracking

About Semtech

Semtech Corporation (Nasdaq: SMTC) is a high-performance semiconductor, IoT systems, and cloud connectivity service provider dedicated to delivering high-quality technology solutions that enable a smarter, more connected, and sustainable planet. Our global teams are committed to empowering solution architects and application developers to develop breakthrough products for the infrastructure, industrial and consumer markets. To learn more about Semtech technology, visit us at Semtech.com or follow us on LinkedIn or X. Semtech has been recognized as a green partner of Sony. You can view our quality certifications here.

Forward-Looking and Cautionary Statements

All statements contained herein that are not statements of historical fact, including statements that use the words “future,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “would,” “could,” “can,” “may,” or other similar words or expressions, that describe Semtech’s or its management’s future plans, objectives or goals are “forward-looking statements” and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of Semtech to be materially different from the historical results and/or from any future results or outcomes expressed or implied by such forward-looking statements. Such factors include those risk factors set forth in Semtech’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 28, 2024 as such risk factors may be updated, amended or superseded from time to time by subsequent reports that Semtech files with the Securities and Exchange Commission. Semtech assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law.

Semtech, the Semtech logo, LoRa and PerSe are registered trademarks or service marks of Semtech Corporation or its subsidiaries. All other trademarks and trade names mentioned may be marks and names of their respective companies.

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