SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549





                                    FORM 8-K


                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


                          Date of Report: June 26, 2002


                               Semtech Corporation
             (Exact name of registrant as specified in its charter)


       Delaware                            1-6395                95-2119684
(State or other jurisdiction of         (Commission            (IRS Employer
incorporation or organization)          File Number)         Identification No.)


200 Flynn Road
Camarillo, California                                               93012-8790
(Address of Principal Executive Offices)                            (Zip Code)


                                 (805) 498-2111
              (Registrant's telephone number, including area code)





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Item 5.  Other Events.

     The Registrant issued the press release, filed as Exhibit 99.1 hereto, on
     June 26, 2002.

Item 7.  Financial Statements and Exhibits.


Exhibit Number             Description of Document

99.1                       Press Release of the Registrant dated June 26, 2002.









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                                    SIGNATURE

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

Date: June 26, 2002                                          SEMTECH CORPORATON



                                            By:   /s/   David G. Franz, Jr.
                                            ------------------------------------
                                            David G. Franz, Jr.
                                            Chief Financial Officer








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                SEMTECH ANNOUNCES ADDITIONAL $50 MILLION BUYBACK

                                                        7:00 a.m. ET
                                                        Wednesday, June 26, 2002

CAMARILLO, CALIFORNIA, June 26, 2002 - SEMTECH CORPORATION (Nasdaq: SMTC) today
announced that its Board of Directors has authorized an additional $50 million
to the current buyback program. This raises the total amount authorized under
the buyback program to $150 million. The program authorizes the repurchase of
common stock and registered convertible subordinated notes from time to time
through open market transactions. Since January 2001, the Company has bought
back $95 million in stock and notes under this program.


About Semtech

     Semtech  Corporation  is a  leading  supplier  of analog  and  mixed-signal
semiconductors  used in a wide range of computer,  industrial and  communication
applications.  Publicly  traded  since  1967,  Semtech  is listed on the  Nasdaq
National Market under the symbol SMTC.


Investor Relations Contact
John Baumann, Treasurer, Telephone: 805-480-2010




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