Semtech Corp was incorporated in Delaware in 1960. The Company, together with its subsidiaries is a supplier of analog and mixed-signal semiconductor products. It designs, develops and markets for commercial applications, the majority of which are sold into the enterprise computing, communications, high-end consumer and industrial end-markets. Enterprise Computing: datacenters, passive optical networks, optical receiver and transceiver, desktops, notebooks, servers, graphic boards, monitors, printers and other computer peripherals. Communications: base stations, backplane, optical networks, carrier networks, switches and routers, servers, cable modems, signal conditioners, wireless LAN and other communication infrastructure equipment. High-End Consumer: handheld products, set-top boxes, digital televisions, tablet computers, digital video recorders and other consumer equipment. Industrial: broadcast studio equipment, automated meter reading, military and aerospace, medical, security systems, automotive, industrial and home automation, video security and surveillance and other industrial equipment. The Company's end-customers are original equipment manufacturers and their suppliers, including Cisco Systems, Inc., Huawei Technologies Co., Ltd., LG Electronics, Sharp Corporation, Nokia Solutions and Networks, Itron, Apple, Inc., Phonak International, Samsung Electronics Co. Ltd., Google Inc., Amazon.com Inc., and ZTE Corporation. The Company is focused on developing new products that bring value to its target customers in target markets. The Company has four product lines: Protection, Power and High-Reliability, Signal Integrity, Wireless, Sensing and Timing; and Systems Innovation. The Company outsources the majority of its manufacturing functions to third-party foundries and assembly and test contractors. It performs a limited amount of internal probe and final test activities at facilities in Camarillo, Irvine, Redondo Beach and San Diego, California; Neuchatel, Switzerland; and Reynosa, Mexico. The Company has patents and foreign patents and has numerous patent applications pending with respect to products and technologies associated with its business. The Company's competitors with respect to Protection Products include STMicroelectronics, NXP Semiconductors N.V., ON Semiconductor Corporation and Infineon Technologies AG. The competitors with respect to Signal Integrity Products are Texas Instruments Incorporated, Maxim Integrated Products, Inc., M/A-COM Technology Solutions Holdings, Inc., Inphi Corporation, Broadcom Corporation, Applied Micro Circuits Corporation and customer's own internal solutions. With respect to Power and High Reliability products, the Company's competitors include Texas Instruments Incorporated, Linear Technology Corporation, Maxim Integrated Products Inc., Microsemi Corporation and Monolithic Power Systems. The primary competitors with respect to Wireless, Sensing and Timing products include Silicon Laboratories, Texas Instruments Incorporated, Atmel Corporation, Analog Devices Inc. and Cypress Semiconductor Corp.
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