Exhibit 99.1

                   SEMTECH CEO TO MAKE INVESTOR PRESENTATION
      FIRST QUARTER SALES GROWTH AT HIGH END OF PREVIOUSLY ANNOUNCED RANGE

                                                      1:30 p.m. PDT
                                                      Wednesday, April 24, 2002

     NEWBURY PARK, CALIFORNIA, April 24, 2002 - SEMTECH CORPORATION (Nasdaq NMS:
SMTC) today  announced that Jack Poe,  Semtech  Corporation's  Chairman and CEO,
will be making an investor  presentation at 4:00 p.m. PDT on Tuesday,  April 30,
2002, at the Merrill Lynch Hardware Heaven Technology Conference.

     The investor  presentation  will be available at the following  location on
the Internet. A replay will be available for 14 days.




 
http://www.on24.com/clients/merrill/conference_020429/submit.asp?presenter=semtechcorp


Updated Outlook
      Semtech expects that net sales for the first quarter ending April 28, 2002
will be at the high-end of the Company's previously announced estimate of 3 to 5
percent sequential sales growth. The Company previously estimated that earnings
per diluted share would be approximately 12 cents within this sales range. The
Company plans to announce first quarter results on May 21, 2002, after the close
of market.

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. Semtech has been publicly traded since 1967 and is listed on the
Nasdaq National Market under the symbol SMTC.

Safe Harbor Provision
       Statements contained in this release that are not historical facts are
forward-looking statements as that term is defined in the Private Securities
Litigation Reform Act of 1995. Forward-looking statements, including projections
and forecasts for revenue and gross margin, involve risks and uncertainties that
could cause actual results to differ materially from those projected. These
risks and uncertainties include worldwide economic conditions, the timing and
duration of semiconductor market upturns or downturns, demand for personal
computers, cellular phones and automated test equipment, demand for
semiconductor devices in general, competitors' actions, relations with large
strategic customers and suppliers, manufacturing costs and yields, demand for
the Company's products in particular, and risks associated with the businesses
of major customers. Other factors that may cause actual results to differ from
the forward-looking statements contained in this press release and that may
affect the Company's prospects in general are described in the Company's filings
with the Securities and Exchange Commission. The Company undertakes no
obligation to update or revise forward-looking statements to reflect subsequent
events or changed assumptions or circumstances.


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