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Semtech Announces Sale of Video Optical Module Product Line to Embrionix



  Semtech Announces Sale of Video Optical Module Product Line to Embrionix

   Allows Semtech to remain focused on core video semiconductor development

2013 NAB Show

Business Wire

CAMARILLO, Calif. -- March 19, 2013

Semtech Corporation (Nasdaq: SMTC), a leading supplier of analog and
mixed-signal semiconductors, today announced the sale of its video optical
module (optical SFP) product line to Embrionix. Embrionix is the market leader
in coaxial, converter and intelligent SFP solutions to the video industry and
is the only optical SFP supplier focused on the broadcast video market.

Semtech is committed to delivering market leading, next generation
semiconductor products for the broadcast video and high-definition
surveillance industries. As part of this commitment, the Company has decided
to divest a non-core portion of its video business, which is not material to
Semtech’s broadcast video revenue. Embrionix and Semtech believe this
transaction will address customer needs more effectively by allowing each
company to focus on its core strengths and maximize customer value.

This deal creates a strong collaboration between Embrionix and Semtech and
sets the foundation for ongoing cooperation on future products. “We are
excited to formalize our relationship with Embrionix, who will be a successful
supplier to the SFP market with our VOM products,” said Gary Beauchamp, Senior
Vice President and General Manager, Gennum Product Group. Semtech selected
Embrionix because of its focus on the broadcast video market and its expertise
in the development, sales, and marketing of SFP module solutions.

“With the acquisition of Semtech’s video optical SFP line, Embrionix is now a
one-stop shop for video coaxial, fiber and converter SFP and advanced emSFP,”
said Renaud Lavoie, CEO of Embrionix.

In order to ensure continuity in supply and support for customers, Semtech
will remain involved during a transition period.

Semtech continues to be a leader in developing products for the broadcast
market and will be displaying exciting new technology at the NAB show in Las
Vegas from April 8 - 11, 2013. Semtech will be located in the North Hall at
booth N2116.

About Semtech

Semtech Corporation is a leading supplier of analog and mixed-signal
semiconductors for high-end consumer, computing, communications and industrial
equipment. Products are designed to benefit the engineering community as well
as the global community. The company is dedicated to reducing the impact it,
and its products, have on the environment. Internal green programs seek to
reduce waste through material and manufacturing control, use of green
technology and designing for resource reduction. Publicly traded since
1967, Semtech is listed on the NASDAQ Global Select Market under the symbol
SMTC. For more information, visit http://www.semtech.com.

About Embrionix

Embrionix provides a new approach in the product interface market for
broadcast manufacturers. Embrionix designs and builds innovative, advanced
SMPTE VIDEO SFPs to close the gap between fiber optic deployments, coaxial
deployments, and emerging technology deployments, such as HDMI, composite
video, Ethernet, etc. By leveraging its core competencies in video broadcast,
the company provides SFP modules (emSFP) with the highest level of flexibility
to major broadcasters in the industry. The company is based in Laval, Canada
and has global design, research and development, and sales offices located in
Canada, California, United Kingdom and Japan. For more information on pricing
and availability, please visit www.embrionix.com or contact us at
sales@embrionix.com.

Forward-Looking and Cautionary Statements

This press release contains "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended (the "Securities Act"),
and Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements are statements other than historical information or
statements of current condition and relate to matters such as future financial
performance, future operational performance, the anticipated impact of
specific items on future earnings, and our plans, objectives and expectations.
These forward-looking statements are identified by the use of such terms and
phrases as "intends," "goal," "estimate, "expect," "project," "plans,"
"anticipates," "should," "will," "designed to," "believe," and other similar
expressions which generally identify forward-looking statements.
Forward-looking statements involve known and unknown risks and uncertainties
that could cause actual results and events to differ materially from those
projected. Important factors that could cause actual results to differ
materially include, but are not limited to: the ability of both Semtech and
Embrionix following the completion of the sale of the product line to achieve
intended results in the respective areas of each company’s core strengths; the
level and extent of ongoing cooperation on future products between the two
companies; the level and volume of business arising from any such ongoing
cooperation; and the future growth of and market interest in the optical SFP
markets. Additionally, forward-looking statements should be considered in
conjunction with the cautionary statements contained in the "Risk Factors"
section and elsewhere in the Company's Annual Report on Form 10-K for the
fiscal year ended January 29, 2012, in the Company's other filings with the
SEC, and in material incorporated therein by reference. In light of the
significant uncertainties inherent in the forward-looking information included
herein, any such forward-looking information should not be regarded as
representations by the Company that its objectives or plans will be achieved
or that any of its operating expectations or financial forecasts will be
realized. Investors are cautioned not to place undue reliance on any
forward-looking information contained herein. The Company assumes no
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.

Semtech, the Semtech logo and Gennum are marks of Semtech Corporation

Contact:

Semtech Corporation
Linda Brewton, 805-480-2004
webir@semtech.com
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