Semtech Corporation (NASDAQ: SMTC) has begun production of the LR2022 and LR2012 transceivers, expanding its LoRa Plus family to address a broader spectrum of Internet of Things (IoT) deployment requirements. The launch brings the total number of production-ready transceivers in the LoRa Plus portfolio to three.

The new devices extend the company's offerings from cost-optimized sub-GHz sensors to global multi-band non-terrestrial network (NTN) tracking. Both the LR2022 and LR2012 utilize the same fourth-generation LoRa IP core as the existing LR2021, ensuring backward compatibility with LoRaWAN, LR-FHSS, and legacy OOK devices.

Technical Specifications

The transceivers feature best-in-class radio sensitivity and extended data rates. They support up to 125 Kbps for LoRa applications and 2 Mbps for FSK applications. This throughput enables high-speed burst data transmissions within a low-power envelope, facilitating large file transfers such as images, audio, and firmware-update-over-the-air (FUOTA) updates. The devices also support use cases requiring very low latency in proprietary wireless protocols.

Industry Adoption

Early adopters have integrated the new chips into their product roadmaps. Zenner USA selected the LR2012 for its Stealth Reader Meter Interface Unit for AMR/AMI applications, citing superior LoRaWAN performance and support for scalable satellite connectivity via LR-FHSS. Engelmann Sensor GmbH chose the LR2012 for next-generation metering solutions, leveraging the latest LoRa innovations at a competitive price point.

LoRa Global Ecosystem Forum

Semtech will host the LoRa Global Ecosystem Forum at the 2026 International Internet of Things Exhibition (IOTE) in Shenzhen, China, from Aug. 26–28. Themed "Innovate, Connect, Achieve: LoRa Connects Future Industries and Global Markets," the event brings together ecosystem partners, customers, and media to discuss adoption drivers across industrial and consumer IoT.

Participating partners include Anxinke, Appcon, Beijing Guodian Hi-Tech Technology Co., Ltd., Hailian, HopeRF, Ipcom Wireless Technology Co., Ltd., Lierda Technology Group Co., Ltd., LoRa Alliance, Minew, Quectel, Rejeee, Shenzhen Huapu Microelectronics Co., Ltd., Shenzhen Seeed Technology Co., Ltd., Sowye, and Xiamen Milesight IoT Co., Ltd.

Shahar Feldman, senior product marketing director of wireless ICs at Semtech, stated that device makers are supporting more use cases without adding a new chip for each. He noted that sharing the same fourth-generation LoRa IP and software platform enables design teams to build sub-GHz and multi-band products on one architecture, simplifying supply chains.

Live Demonstrations

At booth #10C51, Semtech will feature live product demonstrations including:

• Video, image, and audio transfer on fast long-range communication (FLRC) with LR2021 at up to 2.6 Mbps
• Z-Wave, FLRC, and Wi-SUN combined with LoRa as multiprotocol connectivity solutions
• Ecosystem device showcase featuring child trackers, vehicle trackers, glass-break sensors, and fire alarms
• Edge AI live demonstration showing intelligence at the edge transforming IoT deployments
• Module ecosystem showcase of modules built around the LR20xx LoRa Plus series
• Real-world applications spanning smart home, agriculture, and industrial sectors

What the Numbers Show

The expansion to three production-ready transceivers indicates a strategy to consolidate hardware designs across diverse IoT segments. By sharing the same fourth-generation LoRa IP platform and Unified Software Platform across the LR2021, LR2022, and LR2012, Semtech aims to reduce development complexity for customers while leveraging an ecosystem of more than 500 million deployed LoRa devices.

Upcoming Events

Industry partners can experience the full LoRa Plus portfolio at upcoming exhibitions:

• Aug. 26–28, 2026: IoTE 2026 in Shenzhen, China (booth #10C51)
• Sept. 17–19, 2026: Electronica India in Bengaluru, India (booth #H3.G11)
• Sept. 25–26, 2026: The Things Conference in Amsterdam, Netherlands (booth #XL3)

Semtech Corporation (NASDAQ: SMTC) has entered into a definitive agreement to sell its cellular module business to Compal Electronics, Inc. (TWSE: 2324) for $62 million in cash, subject to customary adjustments. The deal marks a strategic shift for the semiconductor provider, allowing it to concentrate resources on high-growth segments including AI data center networking and LoRa connectivity.

The transaction has received approval from the boards of directors of both Semtech and Compal. Under the agreement terms, Compal will acquire substantially all assets and operations related to Semtech’s cellular module division. This includes associated intellectual property, customer relationships, and personnel.

Transaction Details

The sale is projected to close during the fourth quarter of Semtech’s fiscal year 2027. Completion is contingent upon the satisfaction or waiver of customary closing conditions. Key requirements include obtaining necessary regulatory approvals.

Strategic Rationale

Hong Hou, president and chief executive officer of Semtech, stated that the divestiture sharpens the company’s focus on product portfolios with strong growth conviction and industry leadership. He emphasized that the move reflects broader discipline across the portfolio, concentrating technology leadership where the company believes it can create the most value over time.

Advisors

UBS Investment Bank served as the financial advisor for the transaction. O’Melveny & Myers LLP acted as legal counsel.

What the Numbers Show

The fixed consideration of $62 million provides immediate clarity on the exit valuation for the cellular module segment. By divesting this specific unit, Semtech effectively reallocates capital and management attention toward its core competencies in AI data center networking and IoT connectivity, without disclosing specific revenue or margin contributions of the sold business in this announcement.