Published on 28 Mar 2024 on Zacks via Yahoo Finance
Semtech (SMTC) Boosts 5G Wireless Portfolio With New Launches
Semtech Corporation SMTC has announced a live demonstration of its newly launched 5G wireless portfolio, including the Tri-Edge GN2256 product line, at the Optical Fiber Communication 2024 exhibition.The Tri-Edge GN2256 portfolio integrates Sumitomo Electric's 50Gbps EML into its SFP56 50Gbs Dense Wavelength Division Multiplexing (DWDM) module for O-band, offering high-speed and cost-effective optical solutions.The 5G wireless portfolio also includes its FiberEdge TIA and ClearEdge CDR product lines, paving the way for 6G and transforming the telecommunications industry toward next-generation networks.Semtech is expected to gain solid traction across DWDM applications on the back of its latest move. This, in turn, will help it to penetrate into the global DWDM market rapidly. Per a Global Growth Insights report, the global DWDM market is expected to reach $20.5 billion by 2027, exhibiting a CAGR of 9.3% between 2023 and 2027.Moreover, the move will enable Semtech to capitalize on growth opportunities present in the global fiber optics market. A Grand View Research report indicates that the global fiber optics market is expected to witness a CAGR of 6.9% during the forecast period of 2023-2030.
Semtech Corporation Price and Consensus
