Tower Semiconductor And Semtech Expand Multi-Year Agreement With SMTC Investing Dedicated Silicon Germanium Capacity At Tower

Semtech Enhances AirLink 5G Networking Solutions with Network Slicing and FIPS 140-3

Semtech Corporation is introducing new resilient communication capabilities, including 5G network slicing and FIPS 140-3 security, to its AirLink 5G Networking Solutions for public safety and first responder applications.

Shares of semiconductor and chip companies are trading higher as the sector rebounds from last week's weakness, with CoreWeave, the bellwether, rising on a Goldman Sachs upgrade. The Philadelphia Semiconductor Index is expected to end its longest losing streak since the 2008 financial crisis.

This Semtech Analyst Turns Bullish; Here Are Top 5 Upgrades For Friday

Analysts upgraded Zeta, Fox, Greif, Semtech and EchoStar, raising ratings and setting higher price targets.

TD Cowen Reiterates Buy on Semtech, Maintains $215 Price Target

TD Cowen analyst Sean O'Loughlin reiterates Semtech (NASDAQ:SMTC) with a Buy and maintains $215 price target.

Chip Stocks Repeated a Lehman-Era Losing Streak: Is The Bottom Now In?

The SOX fell eight straight sessions for the first time since 2008. Cantor’s C.J. Muse says equipment is sold out as JPMorgan upgrades Intel.

Shares of semiconductor and chip companies are trading lower as rising inflation concerns and elevated energy prices fuel expectations for further Fed rate hikes. Elevated borrowing costs could pressure semiconductor manufacturing and AI infrastructure investments while straining customer budgets. The Philadelphia Semiconductor Index (SOX) has declined for seven consecutive trading sessions, matching its longest losing streak since the 2008 financial crisis.