Semtech Forms Video Compression Technology Partnership With Digital Barriers; Shares Up Pre-Bell

MT Newswires Live

03/10

Semtech (SMTC) said Tuesday it has formed a partnership with Digital Barriers for a fully integrated device-to-cloud cellular video technology purpose-built for "critical" video surveillance and analytics.

The Semtech Video Compression offering is available in North America and Europe, Middle East, and Africa, with additional regions planned based on market demand.

Separately, the company said it is working on a 5G RedCap modem designed for industrial internet-of-things applications and with lower upfront costs.

The FX86E modem is now sampling, Semtech said.

The company's shares were up 2.2% in premarket activity.

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