Semtech Dumps Cellular Business to Double Down on Data Centers
Semtech reports 33% Q2 revenue growth to $341.9M and raises Q3 outlook. Data center sales jump 91% on strong AI infrastructure demand.
Semtech sold off its phone-chip business to focus on selling computer-brain chips for AI data centers—like a restaurant dropping pizza to make only sushi. Watch whether their data center sales keep growing super fast, since that's now their main bet.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.