Semtech Co., Ltd. (SMTC – Free Report) announced a live demonstration of its newly launched 5G wireless portfolio, including the Tri-Edge GN2256 product line, at the Fiber Optic Communications 2024 exhibition.
The Tri-Edge GN2256 portfolio integrates Sumitomo Electric’s 50Gbps EML into an SFP56 50Gbs Dense Wavelength Division Multiplexing (DWDM) module for O-band, providing a fast and cost-effective optical solution.
The 5G wireless portfolio also includes the FiberEdge TIA and ClearEdge CDR product lines, paving the way for 6G and transforming the communications industry for next-generation networks.
Semtech is expected to gain solid traction across DWDM applications on the back of the latest developments. This allows the company to rapidly penetrate the global DWDM market. According to a report by Global Growth Insights, the global DWDM market is expected to reach $20.5 billion by 2027 and will increase by 9.3% between 2023 and 2027. shows the CAGR of
Additionally, this move will enable Semtech to take advantage of the growth opportunities that exist in the global fiber optic market. According to a report by Grand View Research, the global fiber optic market is expected to witness a CAGR of 6.9% during the forecast period 2023-2030.
fierce competition
The latest move will likely help this Zacks Rank #3 (Hold) stock become more competitive against its peers, including: MACOM Technology Solutions (MTSI – free report) and broadcom (AVGO – We are also making continuous efforts to capitalize on the growth opportunities that exist in the global fiber optic market.
You can view You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In particular, MACOM recently announced plans to showcase new products to highlight advancements in 200G per lane technology at the Fiber Optic Communications Conference and Exhibition.
This includes a 200 Gbps per lane linear pluggable optics solution and a new 4-channel, 226 Gbps per lane linear equalizer for active copper cable applications up to 1.6 TB.
Meanwhile, Broadcom expanded its optical interconnect solutions for AI and ML applications and introduced cutting-edge optical technology.
This includes shipping 200G/lane EML for next-generation GPUs, the first 200G/lane VCSEL, continuous wave lasers, and over 20 million channels of 100G/lane high-speed optical components.
Expanding Portfolio: Key Catalysts
This latest move is in sync with Semtech’s increased efforts to expand its overall product portfolio, which remains a key growth driver for the company. The company’s shares have increased 22.6% since the beginning of the year, outpacing the Zacks Computer & Technology sector’s growth of 11.5%.
Specifically, Semtech has partnered with Skylo, a provider of satellite-based services, to integrate non-terrestrial network (NTN) functionality into Semtech’s HL series LPWA modules, specifically the HL7810 and HL7812, to ensure uninterrupted performance even under difficult conditions. No global connectivity allowed.
Previously, the company partnered with Oxit, an Internet of Things (IoT) services company, to increase connectivity options for customers with multiple LoRa networks, including: AmazonMr. Miss(AMZN – Free report) AWS IoT Core.
Through this partnership, Semtech will help device manufacturers leverage OxTech multi-connectivity modules to build a single device that can connect to both AWS IoT Core for Amazon Sidewalk and AWS IoT Core for LoRaWAN. We are aiming for
Additionally, the expansion of Semtech’s PerSe product portfolio with the launch of new purpose-built integrated circuits that enable 5G mobile devices to implement advanced radio frequency control continues to be noteworthy.
All the above initiatives to strengthen the overall portfolio are expected to support the company’s overall financial performance in the short term.
The Zacks Consensus Estimate for 2024 total revenue is $867.07 billion, representing year-over-year growth of 14.6%.
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