Comms chips

Semtech Closes Gennum Deal

CAMARILLO, Calif. and BURLINGTON, Canada -- Semtech Corporation (Nasdaq:SMTC - News), a leading supplier of analog and mixed-signal semiconductors and Gennum Corporation (TSX:GND.TO - News), a leading supplier of high speed analog and mixed-signal semiconductors for the optical communications and video broadcast markets, jointly announced today the successful completion of Semtech's acquisition of Gennum Corporation. Semtech’s agreement to acquire Gennum was announced previously on January 23, 2012.

Gennum’s data communications and video platforms broaden Semtech’s existing portfolio of high-speed communications platforms. “Combining Gennum’s 1 Gbps to 25 Gbps signal integrity solutions with Semtech’s 40 Gbps to 100 Gbps SerDes solutions creates one of the industry’s most complete and robust analog and mixed signal portfolios targeted at the communications and enterprise computing segments,” said Mohan Maheswaran, President and Chief Executive Officer of Semtech Corporation. “This will enable us to help customers reduce bottlenecks in the access, metro and core networks, as demand for bandwidth continues to escalate. Moreover, Gennum's strong position in video broadcast and the emerging HD video surveillance market further diversifies Semtech's portfolio of high-performance analog semiconductors.”

Semtech Corp. (Nasdaq: SMTC)

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