Banking Recap

M&A Transaction Announced for $62.0M

Semtech Corporation (Nasdaq: SMTC) announced on August 13, 2026 that it has entered into a definitive agreement to sell its cellular module business to Compal Electronics, Inc. (TWSE: 2324) for $62 million in cash, subject to customary adjustments. Under the agreement, Compal will acquire substantially all of the assets and operations comprising Semtech's cellular module business, including its associated intellectual property, customer relationships, and personnel. Semtech framed the sale as part of a broader portfolio discipline effort meant to sharpen its focus on data center and LoRa connectivity products.

Aug 13, 2026·SEC EDGAR (8-K)·pending regulatory·divestiture / carve-out sale

Deal value

This record is sourced from Semtech's own 8-K press release (Exhibit 99.1), furnished to the SEC on August 13, 2026, describing the transaction as having been approved by both companies' boards of directors. The release is the company's original disclosure of the divestiture and does not reference the underlying purchase agreement as a separate exhibit, so additional mechanics beyond what is described in the press release are not available from this document.

UBS Investment Bank served as financial advisor to Semtech in connection with the transaction, per the press release's advisors section. No financial advisor to Compal Electronics is identified in this filing.

O'Melveny & Myers LLP served as legal counsel to Semtech in connection with the transaction. No legal counsel to Compal Electronics is named in this release.

The transaction is structured as a $62 million all-cash sale, subject to customary adjustments, of substantially all assets and operations of Semtech's cellular module business. The deal was approved by both companies' boards and is expected to close during the fourth quarter of Semtech's 2027 fiscal year, subject to the satisfaction or waiver of customary closing conditions including receipt of certain regulatory approvals.

Not disclosed in this filing: any financial advisor representing Compal Electronics, legal counsel for Compal, the specific regulatory approvals required, any termination fee, and financial details of the cellular module business being divested (such as its standalone revenue or EBITDA).