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 Corporation (NASDAQ: LSCC) announced a free webinar by Lattice Education Competence Center (LEC2) on November 30, 2021, at 8 a.m. PST. The session will showcase how to design a video interface platform using the CrossLink-NX FPGA and Lattice mVision solution stack. Lattice's CrossLink-NX FPGAs are noted for their low power consumption and versatility across various markets including Automotive and Industrial. Attendees can register at the provided link.
Lattice Semiconductor Corporation (NASDAQ: LSCC) will host a virtual seminar on December 7 at 7:30 a.m. PST, focusing on Industrial cybersecurity trends and standards for FPGA applications. The seminar will address challenges and opportunities arising from the merging of IT and OT, emphasizing a holistic approach to Software Defined Networks (SDN). Participants will learn about evolving cyber threats and how to design secure industrial systems. Advance registration is required for the Lattice Security Seminar.
Lattice Semiconductor Corporation (NASDAQ: LSCC) is set to engage with institutional investors virtually at the Benchmark Company Technology Conference on November 17, 2021. Key executives, including CEO Jim Anderson and CFO Sherri Luther, will present the company's strategic initiatives and financial performance. Lattice Semiconductor specializes in low power programmable solutions serving various sectors such as Communications, Computing, Industrial, Automotive, and Consumer markets, aiming to enable innovation for a connected world.
Lattice Semiconductor Corporation (NASDAQ: LSCC) has acquired Mirametrix, Inc. in an all-cash transaction, enhancing its AI and computer vision software portfolio. This acquisition integrates Mirametrix’s technology, which has been deployed in over 20 million systems worldwide, into Lattice’s existing solutions. CEO Jim Anderson highlights the synergy aimed at accelerating customer adoption of Lattice products. The acquisition responds to increasing demand for advanced human-computer interaction technologies.
Lattice Semiconductor (NASDAQ: LSCC) has been recognized as a CES 2022 Innovation Awards Honoree for its sensAI™ solution stack, targeting Edge AI/ML applications. The solution enables OEMs to create low-power, always-on devices with hardware-accelerated AI capabilities. The latest version, sensAI v4.1, is now available, supporting applications in sectors such as Client Computing, Industrial Automation, and Consumer markets. This accolade demonstrates Lattice's commitment to innovation and helps customers to efficiently bring intelligent devices to market.
Lattice Semiconductor Corporation (NASDAQ: LSCC) has unveiled a new roadmap for low power, AI/ML-enabled solutions that enhance battery life and user experience in Edge applications, particularly Client Compute devices. Utilizing the sensAI™ solution stack and Lattice Nexus™ FPGAs, these innovations enable OEMs to create energy-efficient, smart devices with hardware-accelerated AI. The latest sensAI version (v4.1) supports in-field software updates and extends application capabilities, showing a 28% longer battery life compared to traditional CPU-powered AI applications.
Lattice Semiconductor Corporation (NASDAQ: LSCC) announced a new share repurchase program authorized by its Board of Directors, allowing up to $100 million for buybacks through December 2022. This program adds to a previously authorized $60 million buyback plan from February 2021, of which $4.9 million remains. CFO Sherri Luther highlighted that this move signifies strong cash generation and the company’s dedication to enhancing shareholder value.
Lattice Semiconductor Corporation (NASDAQ: LSCC) will host a free webinar focused on developing low power Edge AI/ML applications using its Lattice sensAI™ solution stack. Scheduled for Wednesday, Nov. 17, 2021, at 11:00 AM EST, the event targets system and application engineers aiming to enhance design intelligence. Demand for low power AI/ML inferencing is rising, and Lattice sensAI offers a comprehensive solution combining FPGA hardware, software, and IP to expedite time to market.
Lattice Semiconductor Corporation (NASDAQ: LSCC) has appointed Tracy Feanny as Corporate Vice President, General Counsel, and Secretary, effective immediately. Feanny brings over 20 years of experience, previously serving at National Instruments Corporation as well as roles at Amazon Web Services and Dell Technologies. Her expertise is expected to enhance Lattice's legal strategies as the company continues its growth. Byron Milstead, the previous General Counsel, will transition to the Singapore distribution subsidiary before retiring. This leadership change aims to strengthen Lattice's position in the semiconductor industry.
Lattice Semiconductor Corporation (NASDAQ: LSCC) reported a 28% revenue increase year-over-year for Q3 2021, totaling $131.9 million, with net income rising 112% to $0.19 per diluted share on a GAAP basis. Gross margin expanded to 62.8%, up from 60.5% YoY. Operating profit reached 20.5%. Lattice achieved a record cash flow of $116 million year-to-date and repurchased $55 million in shares. The company expects Q4 2021 revenue between $129 million and $139 million, with non-GAAP gross margin anticipated at around 64%. The firm also received the 2021 Sustainability Leadership Award.
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