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Semtech Is in Advanced Talks to Buy Canadian Peer Sierra Wireless

  • Semiconductor dealmaking has been busy in recent years
  • Deal would complement Semtech’s Internet of Things business
Updated on

Semiconductor maker Semtech Corp. is in advanced talks to buy Canadian peer Sierra Wireless Inc., according to people familiar with the matter.  

A deal could be announced within days, the people said, asking not to be identified because the matter is private. No final decision has been made and discussions could fall through, the people added.