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Date: 17-04-15

Semtech divests its defense and microwave biz

Semtech has completed the previously announced divestiture of its defense and microwave communications infrastructure business to newly-formed Jariet Technologies in exchange for a minority equity interest in that company.

The reason for divesting as per Semtech is time to revenue in the business. The defense and microwave business was a part of the Sierra Monolithics, Inc. acquisition completed in 2009.

Semtech also announced that Charles Harper, Senior Vice President and Chief Strategy Officer of Semtech, resigned on April 10, 2015 to become Chief Executive Officer of Jariet Technologies.

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