Semtech Corporation (NASDAQ:SMTC) Q2 2024 Earnings Call Transcript

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Paul Pickle: It would also lower the cost and maintenance of those smart meters. So if you just look at power consumption LPWA as opposed to LoRa, if you just look at bandwidth requirements and you could argue that bandwidth costs are fairly low on LPWA, but they are essentially free when you go to LoRa. So I do think, I’m saying private networks, but that doesn’t mean that it can’t be a rather large private network that’s rolled out by utility or a municipality as well. So I think LoRa is a perfect fit in those areas. And I guess, from our standpoint, we would be able to support both applications. There might be some applications where they need an LPWA solution. We are happy to accommodate those, but we can also accommodate a LoRa-based solution as well.

Harsh Kumar: Understood. Thank you so much.

Operator: Thank you. There are no further questions at this time. I would like to turn the floor back over to Paul Pickle for closing comments.

Paul Pickle: All right. Well, thank you guys for joining us today. Thank you for taking it easy on me for my first time around and look forward to talking to you in the future. Thank you very much.

Operator: Thank you. This concludes today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.

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