Semtech Announces Sale Of Video Optical Module Product Line To Embrionix

Semtech Corporation (Nasdaq: SMTC), a leading supplier of analog and mixed-signal semiconductors, today announced the sale of its video optical module (optical SFP) product line to Embrionix. Embrionix is the market leader in coaxial, converter and intelligent SFP solutions to the video industry and is the only optical SFP supplier focused on the broadcast video market.

Semtech is committed to delivering market leading, next generation semiconductor products for the broadcast video and high-definition surveillance industries. As part of this commitment, the Company has decided to divest a non-core portion of its video business, which is not material to Semtech’s broadcast video revenue. Embrionix and Semtech believe this transaction will address customer needs more effectively by allowing each company to focus on its core strengths and maximize customer value.

This deal creates a strong collaboration between Embrionix and Semtech and sets the foundation for ongoing cooperation on future products. “We are excited to formalize our relationship with Embrionix, who will be a successful supplier to the SFP market with our VOM products,” said Gary Beauchamp, Senior Vice President and General Manager, Gennum Product Group. Semtech selected Embrionix because of its focus on the broadcast video market and its expertise in the development, sales, and marketing of SFP module solutions.

“With the acquisition of Semtech’s video optical SFP line, Embrionix is now a one-stop shop for video coaxial, fiber and converter SFP and advanced emSFP,” said Renaud Lavoie, CEO of Embrionix.

In order to ensure continuity in supply and support for customers, Semtech will remain involved during a transition period.

Semtech continues to be a leader in developing products for the broadcast market and will be displaying exciting new technology at the NAB show in Las Vegas from April 8 - 11, 2013. Semtech will be located in the North Hall at booth N2116.

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