Published on 1 Apr 2024 on Zacks via Yahoo Finance
Semtech (SMTC) Upgrades LPWA Modules With Skylo Partnership
Semtech Corporation SMTC is leaving no stone unturned to enhance the capabilities of its robust Low Power Wide Area (LPWA) modules. This, in turn, will enable the company to capitalize on growth opportunities present in the global LPWA network market. Per the Global Market Insights report, the LPWA network market is expected to grow at a CAGR of 50% between 2023 and 2032.In this regard, the company partnered with Skylo to upgrade its HL LPWA series modules, namely HL7810 and HL7812 modules, by integrating Skylo’s Non-Terrestrial Network (NTN) capabilities.These NTN-supported LPWA modules provide global connectivity through satellite networks, ensuring continuous connection even in isolated regions.Further, the HL modules use NB-IoT technology to offer customers with satellite connectivity and improved global communication reliability by addressing limitations of conventional cellular networks.Additionally, it supports terrestrial LPWA networks, offering a single point of access to device and SIM lifecycle management to ensure comprehensive connectivity solutions.Semtech is expected to gain solid traction across shipping and emergency management industries on the back of its latest move.
Semtech Corporation Price and Consensus
