Exhibit 99.1

                    Semtech Named to NASDAQ Global
                            Select Market


    CAMARILLO, Calif.--(BUSINESS WIRE)--Jan. 3, 2008--SEMTECH
CORPORATION (NASDAQ:SMTC), a leading producer of high performance
analog and mixed-signal semiconductors, announced today that the
Company is now listed on the NASDAQ Global Select Market. The NASDAQ
Global Select Market, one of the three market tiers at NASDAQ,
recognizes NASDAQ's world-class listed companies and their commitment
to high standards and good governance. It is reserved for companies
that meet the highest initial listing standards in the world based on
financial and liquidity requirements.

    Shares of Semtech began trading on the NASDAQ Global Select Market
on January 2, 2008 under the symbol SMTC. Prior to the upgrade, the
Company's shares were listed on the NASDAQ Global Market under the
same symbol.

    "We are extremely proud to have been selected to join the NASDAQ
Global Select Market, where Semtech's stock will trade alongside the
top companies listed on NASDAQ," said Mohan Maheswaran, President and
CEO of Semtech. "The selection is a true testament to the Company's
commitment to excellence in all areas and represents yet another
milestone in our evolution as a premier semiconductor company. This
recognition by NASDAQ will increase our market visibility going
forward, helping support our Company's growth long-term."

    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.

    FORWARD-LOOKING AND CAUTIONARY STATEMENTS

    This release contains "forward-looking statements" within the
meaning of U.S. securities laws. Forward-looking statements are
statements other than historical information or statements of current
conditions and relate to matters such as future financial performance,
future operational performance, the anticipated impact of specific
items on future earnings, and our plans, objectives and expectations.
Some forward-looking statements may be identified by use of terms such
as "expects," "anticipates," "intends," "estimates," "believes,"
"projects," "should," "will," "plans," and similar words.

    Forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those projected.
These risks and uncertainties include worldwide economic and political
conditions, the timing and duration of semiconductor market upturns or
downturns, demand for cellular phones, personal computers and
automated test equipment, demand for semiconductor devices in general,
demand for the Company's products in particular, competitors' actions,
supply from key silicon wafer foundries and assembly contractors,
manufacturing costs and yields, relations with strategic customers,
and risks associated with the businesses of major customers. In
addition to considering these risks and uncertainties, forward-looking
statements should be considered in conjunction with the cautionary
statements contained in the "Risk Factors" section and elsewhere in
the Company's Annual Report on Form 10-K for the fiscal year ended
January 28, 2007, in the Company's other filings with the SEC, and in
material incorporated therein by reference. Forward-looking statements
should not be regarded as representations by the Company that its
objectives or plans will be achieved. The Company assumes no
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.


    CONTACT: Semtech Corporation
             Todd German, Investor Relations, 805-480-2004