Code of Conduct


Dear Colleague:

Semtech is a leader in innovative products and exciting technologies. As our company continues to grow, we must also act as a leader in setting an example of superior corporate citizenship.

Our Core Values and our Code of Conduct apply to all of us in the Company- all directors, officers, and employees around the world. These guidelines emphasize the importance that the Board of Directors and the Senior Leadership Team place on ethical actions, individual integrity and fair dealing. These are the cornerstones of acceptable business conduct.

Ethical conduct includes compliance with the laws, rules and regulations that govern our business. But, most importantly, our standing in the business community rests on the conduct of Semtech's people. Our Core Values and our Code of Conduct summarize the standards that guide each of us to conduct Semtech's business properly.

Your conduct and actions—your personal integrity and your commitment to setting the highest ethical standards and always doing the right thing in your personal and professional lives — establish the foundation on which Semtech's reputation is based. Our business objective is simple: to produce, in an ethical manner, the very best, most reliable products possible, and to provide our stockholders with great value in the process. Our customers, stockholders and employees demand no less, and we all share the responsibility for achieving that objective.

Very truly yours,

Rockell N. Hankin
Chairman of the Board of Directors

Mohan Maheswaran
President and Chief Executive Officer

June 2013

SEMTECH CORE VALUES
SEMTECH CODE OF CONDUCT
SHARED RESPONSIBILITIES
CONFIDENTIAL INFORMATION
PUBLIC DISCLOSURE OF COMPANY INFORMATION
INSIDER TRADING
CONFLICTS OF INTEREST
GIFTS, ENTERTAINMENT AND TRAVEL
POLITICAL CONTRIBUTIONS AND GOVERNMENT RELATIONS
USE OF COMPANY FUNDS, ASSETS AND FACILITIES
COMPUTER AND SOFTWARE USE
RECORDS, COSTS AND CONTROLS
ENVIRONMENT, HEALTH AND SAFETY
EQUAL OPPORTUNITY
HARASSMENT
ANTITRUST COMPLIANCE
INTERNATIONAL BUSINESS ACTIVITIES (U.S. FOREIGN CORRUPT PRACTICES ACT AND GLOBAL ANTI-BRIBERY INITIATIVES)
INTERNATIONAL COMMERCE
DUTIES TO REPORT AND INQUIRE

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