Semtech Corporation (NASDAQ: SMTC), a semiconductor, IoT systems and connectivity service provider, appoints Dr. Hong Q. Hou as its President and CEO effective June 6, 2024. Dr. Hong is the current member of the Semtech Board of Directors and succeeds Paul H Pickle.
“We are pleased to have made measurable progress stabilizing the business by reducing operating expenses and establishing a strong financial foundation, positioning Semtech to capture future growth opportunities, and we will continue to maintain that rigor going forward,” said Ye Jane Li, Chair of the Semtech Board’s Nominating and Governance Committee. “Hong is an exceptional leader, and the Board is excited to have him execute the Company’s strategy and take Semtech to its next phase of innovation and growth. Hong brings deep technical, operational and strategic leadership in the hyperscale and semiconductor industries and is already intimately familiar with Semtech’s business.”
“I joined Semtech not only because of my experience with and passion for the industry, but because of this Company’s unique opportunity to leverage its strong team and formidable portfolio of highly innovative technologies and products in supporting AI and IoT revolutions currently underway,” said Dr. Hong. “I am acutely focused on maintaining our financial discipline while we position Semtech to capitalize on the compelling technological trends ahead. I am confident in our goals to generate strong and sustained value for our stockholders long into the future.”
A PhD in Electrical Engineering from the University of California, Dr. Hong has been a member of the Semtech BoD since July 2023. He brings a strong technical and business transformation in the competitive markets. In his last role, Dr. Hong served as the president of Semiconductor Group at Brooks Automation, a provider of automated wafer handling and contamination control solutions for the semiconductor manufacturing industry. Prior to that, he was Intel’s corporate vice president and general manager of the cloud and edge networking group. Dr. Hong also held executive leadership positions at Fabrinet, AT and EMCORE before that.
