Semtech Goes Live With SAP® ERP System

March 4, 2015 at 21:10:00 EST

CAMARILLO, Calif.--(BUSINESS WIRE)-- Semtech Corporation (Nasdaq: SMTC), a leading supplier of analog and mixed-signal semiconductors, today announced it has successfully gone live with the implementation of its SAP® Enterprise Resource Planning (“ERP”) system. This marks a significant milestone in the transition from the Company’s legacy systems to a highly-integrated, world class ERP solution.

This deployment was a multi-year program spanning all aspects of Semtech’s global footprint. With this platform, Semtech has transitioned away from 25 years of legacy systems and databases. As a result of the SAP implementation, the Company now expects to incur additional short-term operating expenses predominantly in the first half of its fiscal year 2016.

Semtech selected Bristlecone, Inc. as its implementation partner to leverage Bristlecone’s IP for Pre-Configured Semiconductor Solution (PSS). Bristlecone's PSS is a comprehensive, package-based solution, designed to quickly automate business processes enabling time-to-value solutions.

Commenting on the deployment, Emeka Chukwu, Executive Vice President and Chief Financial Officer of Semtech Corporation stated, “We are pleased our SAP implementation is up and running. The Semtech and Bristlecone teams worked tirelessly together to deploy a world class solution using SAP’s proven platform. A robust and scalable platform is absolutely necessary for the Company to prepare for future growth and deliver operating efficiencies.”

Semtech management will address questions about its SAP implementation during its fourth quarter and fiscal year 2015 earnings conference call scheduled for 2:00 p.m. PT (5:00 p.m. ET) today, Wednesday, March 4, 2015. A live webcast of the call will be accessible at the Investor Relations section of the corporate website at A replay of the webcast will be available beginning approximately two hours after the conclusion of the call and be available through April 1, 2015.

Forward-Looking and Cautionary Statements

This press release contains "forward-looking statements" within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, as amended, based on the current expectations of Semtech Corporation and its subsidiaries (the “Company”), including, without limitation, statements regarding the expected benefits of the SAP implementation and the expected incurrence of additional operating expenses predominantly in the first half of the Company’s fiscal year 2016. Statements containing words such as "may," “believes,” or "expects," or other similar expressions constitute forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties that could cause actual results and events to differ materially from those projected. Potential factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: risks associated with the disruption to our operations caused by adjustment to a new system and transition from the Company’s legacy systems and databases; problems associated with new technologies; the risk that additional expenditures may be higher than estimated; as well as the risk factors disclosed in the “Risk Factors” section and elsewhere in the Company’s Annual Report on Form 10-K for the fiscal year ended January 26, 2014 and the Company’s Quarterly Report on Form 10-Q for the quarter ended October 26, 2014 and information under the captions “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” in the Company’s other filings with the Securities and Exchange Commission, and in material incorporated therein by reference. In light of the significant risks and uncertainties inherent in the forward-looking information included herein, any such forward-looking information should not be regarded as representations or guarantees by the Company of future performance or results, or that its objectives or plans will be achieved, or that any of its operating expectations or financial forecasts will be realized. Investors are cautioned not to place undue reliance on any forward-looking information contained herein, which reflect management’s analysis only as of the date hereof.

Except as required by law, the Company assumes no obligation to publicly release the results of any update or revision to any forward-looking statements that may be made to reflect new information, events or circumstances after the date hereof or to reflect the occurrence of unanticipated or future events, or otherwise.

About Semtech

Semtech Corporation is a leading supplier of analog and mixed-signal semiconductors for high-end consumer, enterprise computing, communications and industrial equipment. Products are designed to benefit the engineering community as well as the global community. The Company is dedicated to reducing the impact it, and its products, have on the environment. Internal green programs seek to reduce waste through material and manufacturing control, use of green technology and designing for resource reduction. Publicly traded since 1967, Semtech is listed on the NASDAQ Global Select Market under the symbol SMTC. For more information, visit


Semtech and the Semtech logo are registered marks of Semtech Corporation. SAP® is a registered trademark of SAP SE (or an SAP affiliate company) in Germany and other countries. All other product and service names mentioned are the trademarks of their respective companies.

Semtech Corporation
Sandy Harrison
(805) 480-2004

Source: Semtech Corporation