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) announced that its MachXO5™-NX FPGA was shortlisted for the 2022 Elektra Awards in the Digital Semiconductor category. This recognition highlights the product's exceptional power efficiency and reliability for applications across various sectors, including Automotive and Industrial. The Elektra Awards celebrate innovation within the electronics industry, with winners selected by a panel of experts. The ceremony will be held in London on November 30, 2022.
Lattice Semiconductor (NASDAQ: LSCC) has appointed Raejeanne Skillern to its Board of Directors and Compensation Committee. With 28 years in the enterprise and cloud computing sectors, she has held senior roles at Flex and Intel. Her experience includes leading the Data Center Group and Cloud Service Provider Platform Group at Intel. The Chairman of the Board, Jeff Richardson, praised her potential to enhance shareholder value and support Lattice's long-term growth strategy.
Lattice Semiconductor (NASDAQ: LSCC) announces the optimization of its CertusPro-NX FPGA family for automotive applications, featuring AEC-Q100 qualification. These devices provide advanced system bandwidth, power efficiency, and a compact design, supporting LPDDR4 external memory. Key benefits include up to 4X power reduction, 2X SERDES bandwidth improvement, and a 100X lower soft error rate compared to competitors. The automotive-grade FPGAs are now sampling with select customers, targeting in-vehicle applications such as ADAS and infotainment systems.
Lattice Semiconductor (NASDAQ: LSCC) will host its quarterly virtual security seminar on September 14 at 6:30 a.m. PDT. The seminar will focus on challenges and opportunities in the Communications industry, particularly in the context of 5G networks and ORAN adoption. Security experts will discuss the latest security requirements and how FPGAs can enhance cyber resiliency in telecom solutions. Registration is required for the Lattice Security Seminar.
Lattice Semiconductor (NASDAQ: LSCC) has authorized a stock buyback program of up to $150 million to enhance shareholder value, effective through December 2023. This addition follows a previous authorization of $100 million set to expire at the end of 2022. Notably, the company reported a 31% year-over-year increase in operating cash flow. The buyback strategy reflects Lattice's strong financial position and ongoing commitment to deliver value to shareholders through effective capital allocation.
Lattice Semiconductor (NASDAQ: LSCC) will meet with institutional investors at the KeyBanc Technology Leadership Forum on August 9, 2022, in Vail, Colorado. Executives including Jim Anderson (CEO), Sherri Luther (CFO), and Rick Muscha (Investor Relations) will discuss the company's strategy and financial results. A fireside chat will be webcast live at 1:30 PM ET on Lattice's investor relations website. Lattice Semiconductor is recognized as the leader in low power programmable solutions, serving markets such as communications, computing, industrial, automotive, and consumer.
Lattice Semiconductor Corporation (NASDAQ: LSCC) reported a record revenue of $161.4 million for Q2 2022, marking a 28% increase year-over-year. Gross margin expanded to 68.5% on a GAAP basis and 69.1% on a non-GAAP basis, significantly up from the previous year's figures. Net income per diluted share rose to $0.32 GAAP and $0.42 non-GAAP, reflecting year-over-year increases of 113% and 68%, respectively. The company also expanded its product portfolio and received multiple industry awards, enhancing its position in strategic markets. Revenue guidance for Q3 2022 is projected between $161 million and $171 million.
Lattice Semiconductor (NASDAQ: LSCC) has announced that its AI and computer vision software solution, Glance by Mirametrix®, is now featured in LG's latest gram laptop lineup. This collaboration enhances user experience through advanced attention-sensing technology, offering features that improve security, digital wellbeing, and productivity. The LG gram series is now available in the U.S. and globally, integrating Lattice's innovative software to promote user engagement and safety.
Lattice Semiconductor (NASDAQ: LSCC) has been awarded the 2021 Partner of the Year by NEC, acknowledging its exceptional operational and customer support. Jerry Xu, President of APAC at Lattice, expressed gratitude for this recognition and emphasized the importance of collaborative relationships in achieving shared success. NEC's Shigeki Shimizu highlighted Lattice's commitment to understanding customer needs, particularly during complex supply challenges. Lattice continues to lead in low power programmable solutions across various markets, enhancing innovation and connectivity.
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