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Semtech Receives 2024 IoT Excellence Award

1. Semtech's LoRa Connect™ ICs win a 2024 IoT Excellence Award. 2. The technology enhances emergency care for seniors in Singapore's public housing.

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FAQ

Why Bullish?

Winning an award highlights SMTC's innovative capacity, possibly boosting investor confidence. Historical cases, like Qualcomm, show awards can positively influence stock prices.

How important is it?

The award signifies credibility, which can attract investors and clients. This can lead to increased sales, especially in IoT solutions.

Why Short Term?

Award recognition can lead to immediate positive sentiment and short-term price movements. Rapid adoption in IoT markets may enhance revenues quickly.

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QCOMAVGOADI
CAMARILLO, Calif.--(BUSINESS WIRE)--Semtech Corporation (Nasdaq: SMTC), a high-performance semiconductor, IoT systems, and cloud connectivity service provider, announced that its LoRa Connect™ ICs for sensors received a 2024 IoT Excellence Award from TMC and Crossfire Media. The technology was recognized for its foundational role in a LoRaWAN-based wireless alert system that covers more than 10,000 flats in Singapore's public housing and has enabled over 800 seniors to receive emergency care. T.

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