Welcome to our dedicated page for Lattice Semiconductor news (Ticker: LSCC), a resource for investors and traders seeking the latest updates and insights on Lattice Semiconductor stock.
Lattice Semiconductor Corp (NASDAQ: LSCC) is a global leader in smart connectivity solutions, providing intellectual property and low-power, small form-factor devices that enable over 8,000 global customers to deliver innovative and differentiated products efficiently. Founded in 1983 and headquartered in Portland, Oregon, Lattice Semiconductor has a broad exposure across various markets, including consumer electronics, industrial equipment, communications infrastructure, and licensing.
The company's core business revolves around the development and distribution of semiconductor technology. They offer a range of products, solutions, and licenses through their core Lattice business segment, which includes silicon-based and silicon-enabling products, evaluation boards, development hardware, and related intellectual property licensing, services, and sales.
Notably, in March 2015, Lattice Semiconductor acquired Silicon Image, a leader in setting industry standards such as HDMI®, DVI™, MHL®, and WirelessHD®. This acquisition has bolstered Lattice's position in the market and added significant value to their portfolio.
Lattice's products are globally recognized, with the majority of sales derived from customers in Asia. The company's innovative solutions cater to a diverse range of applications, helping to drive advancements in consumer electronics, industrial automation, and communication technologies.
With a commitment to providing market-leading solutions, Lattice continues to focus on expanding its product offerings and enhancing its technology to meet the evolving needs of its customers. The company's strategic partnerships and recent projects reflect their dedication to innovation and excellence in the semiconductor industry.
Lattice Semiconductor (NASDAQ: LSCC) launched the Lattice Avant™, a new FPGA platform designed for power efficiency and compact performance. This innovation seeks to double the company’s addressable market while targeting applications in communications, computing, industrial, and automotive sectors. Key features include up to 2.5X lower power consumption, 2X faster throughput, and a form factor 6X smaller than competitors. The Avant-E FPGA family is the first to leverage this platform, aimed at addressing challenges in AI and data processing at the Edge.
Lattice Semiconductor has appointed Douglas Bettinger to its Board of Directors and Audit Committee, starting December 2, 2022. Bettinger brings over 30 years of experience in the semiconductor sector, currently serving as CFO at Lam Research. Previously, he held senior roles at Avago Technologies and Xilinx. His expertise in finance and operations is expected to bolster Lattice's strategic initiatives. Chairman Jeff Richardson expressed confidence in Bettinger's contributions towards long-term growth.
Lattice Semiconductor (NASDAQ: LSCC) will meet with institutional investors at the Credit Suisse 26th Annual Technology Conference on November 29, 2022, in Scottsdale, Arizona. The event will feature key executives, including Sherri Luther (CFO), Esam Elashmawi (Chief Strategy and Marketing Officer), and Rick Muscha (Senior Director of Investor Relations), discussing the company's strategy and recent financial results. A fireside chat will be webcast at 3 p.m. Eastern Time and can be accessed on Lattice's investor relations website.
Lattice Semiconductor (NASDAQ: LSCC) will host a virtual seminar on December 14 at 7 a.m. PST, focusing on Industrial cybersecurity trends and standards in FPGAs. The seminar will feature security experts from Lattice and EXOR International discussing Industry 4.0 security requirements, cyber resiliency, and the role of FPGAs in securing system designs. This event is part of Lattice's quarterly seminar series aimed at addressing cybersecurity challenges across various markets, including Industrial, Automotive, and Consumer sectors.
Lattice Semiconductor Corporation (NASDAQ: LSCC) reported record quarterly revenue of $172.5 million for Q3 2022, a 31% increase year-over-year. Gross margin rose to 68.8% on a GAAP basis, with net income per diluted share improving to $0.33 GAAP and $0.48 Non-GAAP. The company achieved a 73% boost in net income year-over-year, driven by strong growth in industrial and automotive segments. An expanded stock repurchase program of $150 million was authorized, and upcoming product launches aim to capture new market opportunities.
Lattice Semiconductor Corporation (NASDAQ: LSCC) announced its third quarter 2022 conference call scheduled for October 31, 2022, at 5 p.m. ET. The call will feature CEO Jim Anderson and CFO Sherri Luther discussing the company's financial results and business outlook. Investors can join via a dial-in or a live webcast on the company's investor relations page. Lattice continues to lead in low power programmable solutions in various markets including communications, automotive, and consumer sectors.
Lattice Semiconductor (NASDAQ: LSCC) will host a virtual launch event for its new low power mid-range FPGA platform, Lattice Avant™, on December 5, 2022. The event will run from 1-2 p.m. PST and aims to address the needs for modern mid-range FPGAs, expanding Lattice's portfolio and doubling its addressable market. Key speakers include President & CEO Jim Anderson and Senior VP of R&D Steve Douglass. Interested participants must register in advance. More details can be found here.
Lattice Semiconductor (NASDAQ: LSCC) announced its participation in the 2022 OCP Global Summit, taking place from October 18-20, 2022, at the San Jose Convention Center. The company will showcase its latest FPGA technology innovations, including a demo showcase and engineering workshop presentations. Notable solutions include the LTPI for DC-SCM 2.0 and OpenBMC-based soft BMC solution. The summit emphasizes collaboration in hardware and software innovation within data centers.
Lattice Semiconductor (NASDAQ: LSCC) has expanded its collaboration with the CC-Link Partner Association (CLPA) to enhance industrial automation applications. This partnership aims to improve power efficiency, security, and safety in smart factories as the industry advances towards Industry 4.0. Key technologies include Lattice's low power FPGAs and solutions like Lattice Automate™ and Lattice mVision™.
CLPA, founded in 2000, boasts over 4,100 member companies and provides cutting-edge solutions for open industrial networks.
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