🔴 Semtech is trading 4.3% down in pre-market after $62 million cellular-module sale to Compal

Semtech is trading $134 (-4.29%) after announcing a $62 million cash sale of its cellular module business to Compal Electronics.

• The deal transfers substantially all related assets, intellectual property, customer relationships, and personnel; closing is expected in fiscal 2027’s fourth quarter.
• Semtech says the divestiture sharpens its focus on data-center and LoRa connectivity products; customary conditions and regulatory approvals remain.
• SOXX is up 3.10% pre-market; no reliable pre-market volume or confirmed company-specific explanation was provided.