Comcast, Semtech Partner on Smart City Program

Semtech Corp. has partnered with Comcast Corp.’s Internet of Things network service to co-sponsor a program for city government agencies to develop and deploy smart city products and services. The Startup in Residence program from City Innovate, in San Francisco, connects startups with city government agencies to come up with technology to address such issues as reducing parking congestion, monitoring waste management and controlling street lights remotely. Semtech, in Camarillo, along with Comcast’s machineO network service, will provide long-range wireless technology to the Startup in Residence program for the San Francisco area. Marc Pegulu, vice president and general manager of the Wireless and Sensing Products Group at Semtech, said that with innovation touching every part of our lives, city governments need long-range, low-power technology. “By co-sponsoring (Startup in Residence), we are bringing cities into the digital age and an opportunity to adopt a leading Internet of Things platform, such as Semtech’s LoRa technology, to support a variety of smart city applications,” Pegulu said in a statement. Shares of Semtech (SMTC) closed Monday up 30 cents, or less than a percent, to $43.75 on the Nasdaq.