Semtech Corporation announced the appointment of Dr. Hong Q. Hou, a current member of the Semtech Board of Directors, as Chief Executive Officer, effective June 6, 2024. Dr. Hou?s appointment follows Paul H. Pickle?s departure as Chief Executive Officer. Mr. Pickle?s departure is unrelated to Semtech?s operational or financial performance, did not involve a violation of the Company?s code of conduct, and does not have an impact on any previously reported financial statements.

The Board?s decision resulted from differences between the Board and Mr. Pickle on how the CEO and the Board should work together in the best interests of stockholders. Hong Q. Hou, age 60, who has served as director of the Company since July 2023, will serve as Chief Executive Officer, effective as of June 6, 2024. Dr. Hou most recently served as president of the Semiconductor Group at Brooks Automation, a leading provider of automated wafer handling and contamination control solutions for the semiconductor manufacturing industry, from February 2023 to June 2024.

Dr. Hou previously held various positions at Intel Corporation, including Corporate Vice President of the Network and Edge Group from September 2022 to February 2023, Corporate Vice President & General Manager of the DPG Connectivity Group from April 2020 to September 2022, Corporate Vice President & General Manager of the Silicon Photonics Division from January 2020 to April 2020 and Vice President of the Data Center Group & General Manager of the Silicon Photonics Division from August 2018 to January 2020. Prior to these roles, he held executive leadership positions at Fabrinet (Chief Technology Officer), AXT Inc. (Chief Operating Officer), and EMCORE Corporation (Chief Executive Officer). Dr. Hou holds a Ph.D. in Electrical Engineering from the University of California at San Diego and has completed Executive Management courses at Stanford Business School.