Core Viewpoint - Semtech Corporation (SLAB.US) shares surged over 28% in pre-market trading, reaching $175.1, following reports that Texas Instruments is in advanced negotiations to acquire the company for approximately $7 billion [1] Company Summary - Semtech Corporation has focused on the development of Internet of Things (IoT) wireless chips after divesting its infrastructure and automotive divisions in 2021 [1] - The company is recognized as a core player in the wireless protocol field, particularly in Zigbee and other wireless technologies, with a strong technological foundation and a broad customer base [1]