Semtech Corporation Promotes Asaf Silberstein to Chief Operating Officer
15 Marzo 2023 - 4:56PM
Business Wire
Semtech Corporation (Nasdaq: SMTC), a high-performance
semiconductor, IoT systems and service provider, today announced
that Asaf Silberstein has been promoted to the newly created role
of chief operating officer (COO) from his previous position of
executive vice president, worldwide operations and information
technology. Mr. Silberstein will report directly to Semtech’s
president and chief executive officer, Mohan Maheswaran. As COO,
Mr. Silberstein will lead Semtech’s business groups, sales,
operations and information technology.
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Semtech Corporation promotes Asaf
Silberstein to chief operating officer (Photo: Business Wire)
Mr. Silberstein has more than two decades of operations
experience in the semiconductor industry. He joined Semtech in 2011
as vice president of operations managing Semtech’s supply chain and
operations and added information technology to his responsibilities
in 2016. Before joining Semtech, Mr. Silberstein served as vice
president of operations and information technology at Microsemi
Corporation and as COO at PowerDsine.
“Having recently completed the transformative acquisition of
Sierra Wireless, which doubled the size of Semtech, I believe now
is the right time to enhance our operational focus with this new
position. Asaf is a seasoned executive and has been an integral
part of Semtech’s leadership team. I am confident his strong track
record of operational performance will serve us well,” said Mr.
Maheswaran, Semtech’s president and chief executive officer.
"I am humbled and thrilled to have been chosen as Semtech's new
COO. With the tremendous momentum we have already established, I am
confident that we are well positioned to achieve even greater
success in the future and to drive growth and innovation across our
business. I am excited to be part of such an exceptional
organization as we continue to set new standards of excellence in
our industry,” Mr. Silberstein said.
About Semtech
Semtech Corporation (Nasdaq: SMTC) is a high-performance
semiconductor, IoT systems and Cloud connectivity service provider
dedicated to delivering high quality technology solutions that
enable a smarter, more connected and sustainable planet. Our global
teams are dedicated to empowering solution architects and
application developers to develop breakthrough products for the
infrastructure, industrial and consumer markets. To learn more
about Semtech technology, visit us at Semtech.com or follow us on
LinkedIn or Twitter.
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
(“forward-looking statements”), and is based on management’s
current expectations, estimates and projections regarding future
events. Forward-looking statements are statements other than
historical information or statements of current condition and, as
used in this press release, relate to matters such as, among
others, Semtech’s outlook or expectations regarding the acquisition
of Sierra Wireless and Semtech’s ability to grow its business,
extend its innovation leadership, optimize its product portfolio
and position itself for long-term success. Statements containing
words such as “may,” “believes,” “anticipates,” “expects,”
“intends,” “plans,” “projects,” “estimates,” “should,” “will,”
“designed to,” or “projections,” or other similar expressions also
constitute forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that could cause actual results and
events to differ from those expressed or implied by such
forward-looking statements. Potential factors that could cause
actual results to differ materially from those in the
forward-looking statements include, but are not limited to the
inherent risks, costs and uncertainties associated with integrating
the businesses successfully and risks of not achieving all or any
of the anticipated benefits of the transaction, or the risk that
the anticipated benefits of the transaction may not be fully
realized or take longer to realize than expected; future responses
to and effects of the ongoing COVID-19 pandemic or other similar
health crises; export restrictions and laws affecting Semtech's
trade and investments, and tariffs or the occurrence of trade wars;
worldwide economic and political disruptions, including as a result
of inflation and the current conflict between Russia and Ukraine;
competitive changes in the marketplace including, but not limited
to, the pace of growth or adoption rates of applicable products or
technologies; downturns in the business cycle; decreased average
selling prices of Semtech’s products; Semtech’s reliance on a
limited number of suppliers and subcontractors for components and
materials; changes in projected or anticipated end-user markets;
Semtech’s ability to forecast and achieve anticipated net sales and
earnings estimates in light of periodic economic uncertainty,
including impacts arising from Asian, European and global economic
dynamic; and the additional risk factors set forth in Semtech’s
Annual Report on Form 10-K filed with the Securities and Exchange
Commission (the “SEC”) (www.sec.gov) on March 16, 2022, as such
risk factors may be updated, amended or superseded from time to
time by subsequent reports that Semtech files with the SEC. These
forward-looking statements are made as of the date of this press
release and Semtech assumes no obligation to update any
forward-looking statements in order to reflect events or
circumstances that may arise after the date of this release, except
as required by law.
Semtech and the Semtech logo are registered trademarks or
service marks of Semtech Corporation or its subsidiaries.
SMTC-F
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version on businesswire.com: https://www.businesswire.com/news/home/20230315005737/en/
Press Contact:
Shannon Love Semtech Corporation (602) 575-9045
slove@semtech.com
Investor Contact:
Anojja Shah Semtech Corporation (630) 390-6413
anojja.shah@semtech.com
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