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The Deal: Sierra Wireless Purchase Shows Semtech’s Ambitions in IoT

August 2, 2022

Semiconductor maker Semtech Corporation (SMTC) announced its US$1.2 billion purchase of Sierra Wireless Inc. (SWIR) on August 2. Semtech, which makes chips for consumer electronics, automotive, broadcast video, industrial companies, and the military, will pay US$31 per share in the all-cash transaction. O’Melveny & Myers LLP lawyers Eric Zabinski and Andor (Andy) Terner served as legal counsel to Semtech.

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