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: May 27, 2003


                               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 May 27, 2003.

Item 7.  Financial Statements and Exhibits.
         ---------------------------------

Exhibit Number             Description of Document
--------------             -----------------------
    99.1                   Press Release of the Registrant dated May 27, 2003.





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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: May 27, 2003                               SEMTECH CORPORATON



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





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                                INDEX TO EXHIBITS


Exhibit Number             Description of Document
--------------             -----------------------
99.1                       Press Release of the Registrant dated May 27, 2003.