Semtech appoints insider Hong Hou as CEO; shares fall

Semtech

07/06/2024 14:12

** Shares of semiconductor supplier Semtech Corp  SMTC.O  
fall 11% to $33.70 premarket
    ** Company appoints insider Hong Hou as CEO, effective June
6, succeeding Paul Pickle
    ** Prior to this, Hou has held executive roles at chipmaker
Intel  INTC.O  and optical equipment maker Fabrinet  FN.N ,
among others
    ** SMTC reaffirms Q2 fiscal year 2025 forecast provided on
June 5
    ** Up to last close, stock up ~74%, YTD

 (Reporting by Priyanka.G)
 ((Priyanka.g@thomsonreuters.com))