Semtech acquires HieFo for $34 million cash

Reuters

Mar 04

Semtech acquires HieFo for $34 million cash

Semtech Corporation has acquired HieFo Corporation for about $34 million in cash, adding indium phosphide optoelectronic devices such as lasers and gain chips used in optical transceivers for data center interconnects. Semtech said it plans to invest and hire at HieFo’s Alhambra, California site to expand domestic manufacturing capacity and accelerate product development, and expects the deal to be accretive to non-GAAP diluted earnings per share within the first year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Semtech Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 202603031728BIZWIRE_USPR_____20260303_BW444138) on March 03, 2026, and is solely responsible for the information contained therein.

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