CEO Letter

Fiscal year 2014 represented another year of solid financial and operating performance for Semtech. The Company posted the 7th record revenue year in the last 8 years and delivered a record $118 million in cash from operations while reducing operating expenses to better align spending and new product investment.
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Markets

The world continues to change in ways that benefit from Semtech’s technologies and products. Society and business are increasingly influenced by three sustainable technology trends: greater bandwidth and connectivity demand, further miniaturization of electronic devices, and the ongoing push for more efficient or “green” technologies. These trends have been, and will continue to drive growth in the analog and mixed-signal semiconductor market for years to come.
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Financials

During fiscal year 2014, Semtech drew recognition on several fronts. The Company was named by the Global Semiconductor Alliance as the Best Financially Managed Semiconductor Company, honored by Forbes as one of America’s best small companies, and recognized by Fortune as one of the fastest 100 growing companies.
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