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) reported its Q2 2024 financial results, showing revenue of $124.1 million, a 34.7% decrease year-over-year. The company's GAAP gross margin was 68.3%, with a GAAP net income of $0.16 per diluted share. On a non-GAAP basis, gross margin was 69.0% with net income of $0.23 per diluted share.
Despite industry headwinds and inventory normalization, Lattice's management sees signs of improvement. The company continues to expand its product portfolio and maintain disciplined spending. For Q3 2024, Lattice expects revenue between $117 million and $137 million, with a non-GAAP gross margin of approximately 69.0%.
Lattice Semiconductor (NASDAQ: LSCC) has announced the return of its annual Lattice Developers Conference on December 10-11, 2024. This hybrid event will feature keynote presentations, breakout sessions, new product announcements, technical trainings, and FPGA-based technology demonstrations. The conference aims to bring together Lattice's customer and partner ecosystem, focusing on edge AI, security, and advanced connectivity applications using low power FPGA solutions.
The in-person conference and exhibits will take place in San Jose, California on December 10, 2024, with a virtual component running from December 10-11, 2024. Attendees will have the opportunity to explore cutting-edge trends and opportunities in the FPGA industry alongside ecosystem partners and industry leaders.
Lattice Semiconductor (NASDAQ: LSCC) has expanded its small FPGA portfolio with new logic-optimized Lattice Certus-NX FPGA devices. The addition includes two new capacity points, Certus-NX-28 and Certus-NX-09, with multiple package options. These devices offer class-leading power efficiency, small size, and reliability with flexible migration options, designed to accelerate applications in Communications, Computing, Industrial, and Automotive sectors.
Built on the Lattice Nexus FPGA platform, the new Certus-NX FPGAs boast up to 4X lower power consumption, up to 3X smaller form factor, and up to 100X lower soft error rate compared to competing FPGAs. They also feature the highest I/O count per package and fastest instant-on configuration performance. The devices are now shipping and supported by the latest Lattice Radiant design software.
Lattice Semiconductor (Nasdaq: LSCC) has announced its upcoming second quarter 2024 financial results conference call, scheduled for Monday, July 29, 2024, at 5 p.m. Eastern Time. Interim CEO & Chief Strategy and Marketing Officer Esam Elashmawi and CFO Sherri Luther will lead the discussion on the company's financial performance and business outlook. Investors and interested parties can access the call via phone or a live webcast on the company's investor relations website.
To join the audio call, participants can dial 1-877-407-3982 (US) or 1-201-493-6780 (International) using the conference ID 13747663. This event provides an opportunity for stakeholders to gain insights into Lattice Semiconductor's recent performance and future strategies in the low power programmable solutions market.
Lattice Semiconductor (NASDAQ: LSCC) has launched the MachXO5D-NX family of secure control FPGAs and the latest Sentry solution stack. These solutions aim to tackle increasing system security threats with features like crypto-agile algorithms, hardware root of trust (RoT) capabilities, and secure lifecycle management. The MachXO5D-NX FPGAs offer advanced cryptographic agility, supporting algorithms specified by the Commercial National Security Algorithm Suite, such as AES-256 and RSA 3072/4096. They include hardware RoT features like immutable boot ROM and side channel attack resiliency. Additionally, the Sentry solution stack 4.0 provides customizable platform firmware resiliency solutions with new capabilities such as I3C support and efficient server operations. These offerings are designed for applications across communications, computing, industrial, and automotive sectors.
Lattice Semiconductor (NASDAQ: LSCC), a leader in low-power programmable technology, will be featured at the FPGA Conference Europe 2024 in Munich, Germany. The event will occur from July 2-4 at the NH München Ost Conference Center. Lattice will present its latest FPGA technology innovations in embedded vision, AI, functional safety, and security applications at Booth #12. Key sessions include a discussion on Golden System Reference Design on July 3 at 4:30 p.m. and a session on sensor fusion for robots and lidar/radar applications on July 4 at 9:00 a.m. The conference is a prominent event for programmable logic devices, essential for datacenters, telecommunications, and various tech applications.
Lattice Semiconductor has appointed Esam Elashmawi as Interim CEO following the resignation of Jim Anderson, who will pursue a new opportunity. Elashmawi, previously Chief Marketing and Strategy Officer, brings over 30 years of industry experience. He joined Lattice in 2018 and played a key role in the company's strategic transformation and product portfolio expansion. The Board has initiated a search for a permanent CEO, considering both internal and external candidates. Elashmawi's previous experience includes roles at Microsemi and Actel , and co-founding SiliconExpert Technologies. The Board expressed confidence in Elashmawi's leadership and the company's continued growth trajectory.
Lattice Semiconductor (NASDAQ: LSCC) announced that its Lattice Sentry solution stack won the 2024 Fortress Cyber Security Award in the 'Application Security' category, presented by the Business Intelligence Group. This award highlights Lattice Sentry's effectiveness in providing real-time protection and recovery capabilities against evolving cyber threats. Eric Sivertson, VP of Security Business at Lattice, emphasized the importance of robust firmware security for developers. The solution is compliant with NIST Platform Firmware Resiliency Guidelines and serves various markets such as Communications, Computing, and Automotive. This recognition underscores Lattice's commitment to cybersecurity innovation.
Lattice Semiconductor (Nasdaq: LSCC) will present at the 52nd Annual TD Cowen Technology, Media & Telecom Conference on May 30, 2024, at the InterContinental New York Barclay.
Chief Financial Officer Sherri Luther and Chief Strategy and Marketing Officer Esam Elashmawi will discuss the company's strategy and recent financial results.
A fireside chat with institutional investors will be webcast at 10:50 a.m. Eastern Time on the investor relations section of Lattice Semiconductor’s website.
Lattice Semiconductor (NASDAQ: LSCC) has unveiled a new 3D sensor fusion reference design aimed at advancing autonomous applications. This design integrates Lattice's low power, low latency Avant™-E FPGA with Lumotive's Light Control Metasurface (LCM™) technology, enhancing perception and reliability in complex environments such as industrial robotics, automotive, and smart city infrastructure. According to Matt Dobrodziej, Lattice’s solutions are ideal for addressing computational challenges at the edge, especially when paired with advanced 3D sensing technologies. Key features include class-leading perception through low power edge AI inferencing, solid-state LiDAR with AI-driven beam steering, and seamless sensor fusion combining LiDAR, radar, and camera sensors. The design will be showcased at the Embedded Vision Summit 2024, demonstrating its applications in industrial, automotive, and security sectors.
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