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.
Overview of Lattice Semiconductor Corp
Lattice Semiconductor Corp (symbol: LSCC) stands out in the semiconductor industry as a provider of smart connectivity and low-power solutions. With a deep expertise in developing semiconductor technology, the company focuses on silicon-based and silicon-enabling products designed to drive innovations across consumer electronics, industrial equipment, and communications infrastructure. Leveraging a broad intellectual property portfolio, Lattice offers market-leading solutions that empower customers to create cost- and power-efficient products tailored to diverse applications.
Core Business and Product Offerings
At its core, Lattice Semiconductor develops and delivers semiconductor devices and evaluation hardware along with related intellectual property licensing and technical support services. The company structures its operations to support rapid innovation cycles and efficient product differentiation. Its portfolio encompasses low-power devices that are designed for high performance in constrained form factors, making them pivotal for applications that require robust yet energy-efficient connectivity solutions. This is achieved through the integration of comprehensive silicon-based solutions and rigorous standards in industry interoperability.
Market Reach and Industry Significance
The company maintains a global reach, servicing over 8,000 customers in regions including Asia, the Americas, and Europe. Its products play a critical role in diverse sectors such as consumer electronics, industrial systems, and communications infrastructure. By enabling smart connectivity and providing intellectual property licensing, Lattice not only fuels technological innovations but also positions itself as a central component in the global semiconductor supply chain. Its involvement in setting industry standards through strategic acquisitions underscores a commitment to fostering technological compatibility and efficiency across various platforms.
Strategic Position and Operational Excellence
Lattice Semiconductor is characterized by its focus on delivering high-performance, low-power semiconductor solutions that cater to a wide array of end markets. With its operations centered on what is known as the core Lattice business, the company fosters an ecosystem that supports rapid product development cycles and the seamless integration of advanced semiconductor technologies into modern devices. The strategic acquisition of companies with expertise in establishing industry standards further highlights its ability to influence technological trends and ensure product compatibility across a broad spectrum of devices.
Intellectual Property and Innovation
The company is renowned for its strong commitment to intellectual property development, offering proprietary technology that enables enhanced connectivity and efficiency. Lattice’s innovations in smart connectivity solutions are driven by continuous research and development, ensuring that its products remain at the forefront of semiconductor technology. This commitment to innovation helps its customers achieve competitive differentiation in markets where form factor, energy efficiency, and processing speed are critical.
Customer Focus and Global Impact
With an expansive customer base that spans multiple industries, Lattice Semiconductor remains dedicated to delivering products that are both reliable and adaptable. By providing evaluation boards and development hardware alongside its core semiconductor devices, the company empowers engineers and product developers to rapidly prototype and deploy innovative solutions. The global impact of its offerings is evident across sectors that demand efficient, cost-effective connectivity in an increasingly digitalized world.
Summary
In summary, Lattice Semiconductor Corp exemplifies a sophisticated blend of innovation, technical expertise, and strategic market positioning within the semiconductor industry. The company’s dedication to smart connectivity, robust intellectual property portfolios, and efficient operational model not only defines its current market presence but also solidifies its position as a key technology enabler for a wide range of applications worldwide.
Lattice Semiconductor (NASDAQ: LSCC) has been awarded the 2025 SEAL Sustainable Product Award for its Lattice Nexus™ 2 small FPGA platform. The platform was recognized for its exceptional power efficiency, performance, and compact form factor.
Chief Strategy and Marketing Officer Esam Elashmawi emphasized the company's dedication to delivering energy-efficient solutions that promote sustainable progress. The recognition marks the ninth SEAL Business Sustainability Award event, with SEAL Awards Chairperson Matt Harney noting that companies are increasingly focusing on detailed sustainability improvements across various aspects of their operations.
The award highlights Lattice's commitment to creating a sustainably connected future through innovation, with the Nexus 2 FPGA platform enabling customers to achieve both their design and sustainability objectives.
Lattice Semiconductor (LSCC) has announced its upcoming fourth quarter and full year 2024 financial results conference call, scheduled for Monday, February 10, 2025, at 5 p.m. Eastern Time. CEO Ford Tamer and Interim CFO Tonya Stevens will present the company's financial performance and business outlook. Investors and interested parties can join via phone at 1-877-407-3982 or 1-201-493-6780 using conference ID 13751120, or through a live webcast available on the company's investor relations website.
Lattice Semiconductor (NASDAQ: LSCC) has received the 2025 BIG Innovation Award for its next-generation Lattice Nexus™ 2 FPGA platform. The platform was recognized for its exceptional power and performance efficiency, advanced connectivity, and security features.
The award highlights Lattice's commitment to delivering versatile FPGA solutions that help customers achieve their design goals and accelerate time to market. The recognition came through a global nomination process, where submissions were evaluated by business leaders and executives.
Chief Strategy and Marketing Officer Esam Elashmawi emphasized the company's focus on delivering technologies that excel in low power, fast performance, and small size. BIG Innovation Awards CEO Russ Fordyce acknowledged Lattice Semiconductor's role in driving technological advancements that positively impact the global community.
Lattice Semiconductor (NASDAQ: LSCC) announced significant expansions to its FPGA portfolio at the Lattice Developers Conference 2024. The company introduced the Lattice Nexus 2 platform for small FPGAs and the Certus-N2 FPGA family, built on 16 nm FinFET technology. The new platform offers up to 3X lower power consumption, 3.2X faster MIPI speed, and 5X smaller size compared to competitive devices.
The company also launched new mid-range options with Avant 30 and Avant 50 devices, alongside updates to their design software tools and application-specific solution stacks. Key features include advanced connectivity with 16G SERDES, PCIe Gen 4 support, and enhanced security with 256-bit AES-GCM and SHA3-512 compliance.
Lattice Semiconductor (Nasdaq: LSCC) has announced a new $100 million stock repurchase program authorized by its Board of Directors, extending through December 2025. The company has already demonstrated its commitment to shareholder value by repurchasing approximately 6 million shares since Q4 2020, reducing dilution by 4.3%.
The program, effective immediately, allows Lattice to purchase shares through open market and private transactions at management's discretion. The repurchase timing and volume will be influenced by market conditions, share price, and regulatory considerations, with transactions conducted in compliance with Rule 10b-18 of the Securities Exchange Act of 1934.
Lattice Semiconductor (NASDAQ: LSCC) has been awarded the 'Most Respected Public Semiconductor Company' title at the 2024 Global Semiconductor Alliance (GSA) Awards in the $500 Million to $1 Billion annual sales category. The award recognizes excellence in vision, innovation, execution, and future opportunity based on GSA member votes.
Ford Tamer, CEO of Lattice, expressed gratitude for the prestigious recognition, crediting the company's team, customers, and partners for this achievement. GSA CEO Jodi Shelton congratulated Lattice and highlighted the company's industry contributions. The GSA Awards are significant within the semiconductor industry, as GSA members represent 70% of the $550B+ semiconductor market.
Lattice Semiconductor (LSCC) reported Q3 2024 revenue of $127.1 million, with GAAP gross margin of 69.0% and diluted EPS of $0.05. Non-GAAP EPS was $0.24. The company announced a 14% workforce reduction and 14% cut in non-headcount operating expenses, including a one-time GAAP charge of $6.5 million. Q4 2024 guidance projects revenue between $112-122 million with non-GAAP gross margin of 68.0% ±1% and non-GAAP EPS of $0.15-0.23. The company highlighted new AI-PC wins with Dell and expansion of its Nexus FPGA portfolio.
Lattice Semiconductor (NASDAQ: LSCC) has announced the complete agenda for its upcoming Lattice Developers Conference, scheduled for December 10-11, 2024. The hybrid event will feature keynote speakers from Dell, Microsoft, SICK, and Teledyne FLIR. The conference will include over 25 keynotes and breakout sessions, 40+ guest speaker presentations, and 75+ technology demonstrations from Lattice and more than 30 FPGA partners. The event will focus on low power FPGA solutions for edge AI, security, and advanced connectivity applications across Industrial, Automotive, Communications, Computing, and Consumer markets.
Lattice Semiconductor (Nasdaq: LSCC) has announced its upcoming third quarter 2024 conference call, scheduled for Monday, Nov. 4, 2024, at 5 p.m. Eastern Time. The call will feature CEO Ford Tamer and Interim CFO Tonya Stevens, who will discuss the company's financial results and business outlook.
Investors and interested parties can participate via phone by dialing 1-877-407-3982 (US) or 1-201-493-6780 (International), using the conference ID 13749552. Additionally, a live webcast of the call will be available on the investor relations section of the Lattice Semiconductor website.
Lattice Semiconductor (NASDAQ: LSCC) announced the immediate resignation of CFO Sherri Luther to pursue a new opportunity. Tonya Stevens, Corporate Vice President and Controller, has been appointed interim CFO. Stevens, with over 30 years of corporate finance experience, including 5 years at Lattice, will facilitate the transition while the Board searches for a new CFO.
CEO Ford Tamer expressed confidence in the Lattice team to drive the next growth phase. The company reaffirmed its guidance provided on July 29, 2024, and will report financial results on Nov. 4, 2024. Lattice aims to build on customer momentum and seize opportunities for its FPGA solutions.
FAQ
What is the current stock price of Lattice Semiconductor (LSCC)?
What is the market cap of Lattice Semiconductor (LSCC)?
What is Lattice Semiconductor Corp's primary business?
What markets does Lattice Semiconductor serve?
How does Lattice Semiconductor generate revenue?
What are the key products offered by Lattice Semiconductor?
How does the company support innovation?
How does Lattice Semiconductor differentiate itself from competitors?
What is the significance of Lattice Semiconductor's global presence?
