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Exhibit 99.1
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[SEMTECH LOGO]
NEWS RELEASE
SEMTECH ANNOUNCES TWO-FOR-ONE STOCK SPLIT
1:15 p.m. PDT
Tuesday, August 22, 2000
NEWBURY PARK, CALIFORNIA, August 22, 2000 - SEMTECH CORPORATION (Nasdaq NMS:
SMTC) a leading supplier of analog and mixed-signal semiconductors for
communications, computers, and industrial systems, today announced a two-for-one
stock split.
Semtech's Board of Directors has approved a two-for-one stock split in the
form of a 100 percent stock dividend. Shareholders of record on September 5,
2000, will be issued a certificate representing one additional share of common
stock for each share of common stock held on the record date. The additional
shares will be mailed or delivered on or about September 25, 2000, by the
Company's transfer agent. It is expected that the outstanding common stock will
begin to trade on a post-split basis on September 26, 2000.
Separately, Semtech today announced record net sales, gross margin and net
income for the second quarter ended July 30, 2000. Second quarter net sales
were up 59 percent and net income was up 121 percent, year-over-year. New
orders for the second quarter of fiscal year 2001 increased 16 percent over the
prior quarter.
About Semtech
Semtech Corporation is a leading supplier of power management, transient
protection, system management, high-performance, and advanced communications
semiconductor products for portable and high-speed communications applications.
Publicly traded since 1967, Semtech is listed on the Nasdaq National Market
under the symbol SMTC.
Investor Relations Contact
John Baumann, Treasurer
Telephone: 805-480-2010
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