And because of this rapid expansion, customers are in need of some flexibility. In addition, those industrial applications like auto and manufacturing where Lattice has dwelled in the past are expanding. More product launches in this department are coming over the next couple of years. This is typically the domain of competitors Xilinx (AMD) and Altera (Intel). These larger, more general-purpose computing chips, a family that Lattice calls Nexus, can be used in data centers and big business servers, artificial-inteligence systems, 5G wireless and related network infrastructure, and the like.
Lattice has also been broadening its FPGA portfolio into new arenas beyond its historical small-chip applications. Expanding into new frontiers and looking to displace incumbents
#Lattice semiconductor up for sale software
As Anderson recently explained at an investor conference, customers are interested in designing hardware once, and then being able to adapt it over time using software updates - that's where the "programmable" comes from in "field programmable gate array." A number of non-tech industries like automotive and manufacturing are suddenly in need of high tech to keep pace with the times, and Lattice offers a low-cost chip alternative complete with software design and programming packages to make adoption of their hardware a cinch - or as close to a cinch as chip implementation can get. Lattice sells a high volume of low-power FPGAs historically used in small applications ranging from communications infrastructure to automotive and consumer electronics to factory equipment.įPGAs have been in high demand the past few years. In fact, though its revenue pales in comparison with those of its peers, Lattice CEO James Anderson has said the company is the leader in this chip type as far as sheer volume of FPGAs sold goes. Lattice is one of the original developers of field programmable gate arrays (FGPAs) along with Xilinx ( part of AMD since early 2022) and Altera (acquired by Intel in 2015). Lattice keeps putting up strong growth and has a new pipeline of products in the works. Lattice isn't exactly a household name, but it's been around for decades and competes in an important chip type that AMD (NASDAQ: AMD) and Intel (NASDAQ: INTC) work on, both by acquisition.
I'm wallowing in self-pity, because I've been eyeing the stock all along and keep talking myself out of buying. The stock is up well over 1,400% since the beginning of 2018 - including a nearly 40% jump so far in 2023.
Reuters reported exclusively in February that Lattice had attracted interest from an unidentified Chinese buyer and had decided to explore a sale.Shares of small chip designer Lattice Semiconductor (NASDAQ: LSCC) have been on an absolute tear the past five years. CFIUS, made up of the Treasury Department, Defense Department and other agencies, must approve any deal that could harm national security. In last twelve months, CFIUS has stepped up its pursuit of transactions where the acquirer has failed to voluntarily file for deal approval. national security watchdog Committee on Foreign Investment in the United States (CFIUS). But it warned about the risks related to U.S. “We think the deal will eventually close and believe odds are significantly better than 50-50,” Susquehanna Financial Group said in a note published after the deal announcement. China’s outbound M&A has hit a record $194 billion, nearly double last year’s tally, according to Thomson Reuters data.
In general, China’s aggressive push into overseas acquisitions this year has sparked opposition from governments from Australia to Germany. chip makers, resulting in some failed deals this year. Chinese suitors have faced intense scrutiny from regulators in their pursuit of U.S.
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