Semtech Corp. is looking to its long-range, low-power technology to give the company a financial boost coming out of the pandemic.
Mohan Maheswaran, chief executive of the Camarillo semiconductor and internet-of-things technology developer, said that its long-range, low-power technology, or LoRa, accounted for $88 million in revenue in the recently completed fiscal year 2021.
“Our LoRa business met or exceeded most of the metrics we targeted at the beginning of the year,” Maheswaran said during a conference call to discuss fourth-quarter earnings. “These metrics included the number of countries with public networks in FY ‘21 grew to 100 countries from 91 at the end of FY ‘20.”
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