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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) announced that its Lattice Sentry™ solution stack has been named the 'Endpoint Security Solution of the Year' in the 2024 CyberSecurity Breakthrough Awards. This recognition highlights Sentry's comprehensive approach to system security, offering developers tools for real-time protection and recovery against evolving cyberthreats.
Eric Sivertson, VP of Security Business at Lattice, emphasized the importance of cybersecurity preparedness and cyber resiliency in infrastructure. The Lattice Sentry solution stack aids developers in creating cyber resilient system control applications that comply with NIST Platform Firmware Resiliency (PFR) Guidelines. It's applicable across various markets including Communications, Computing, Industrial, Automotive, and Consumer.
Lattice solution stacks provide turnkey application-specific solutions, combining reference platforms, designs, demos, IP building blocks, FPGA design tools, and custom design services to accelerate customer application development and time-to-market.
Lattice Semiconductor (NASDAQ: LSCC) announced its participation in the 2024 OCP Global Summit, taking place at the San Jose Convention Center from October 15-17, 2024. The company will showcase its latest FPGA solutions for datacenter challenges in AI, security, control, and networking.
Lattice's demo showcase at Booth #A36 will feature:
- AI-server solutions for signal management and security
- Communication solutions with attestation over LTPI
- Post-Quantum Cryptography (PQC) and Caliptra solutions
- Remote Management solutions with Open BMC and Open BIC
- Center-Secure ORAN solutions
Additionally, Lattice will present engineering workshops on topics such as leveraging FPGAs for Root of Trust functions, Platform Root of Trust architecture, and future-ready green ORAN.
Lattice Semiconductor (NASDAQ: LSCC) has appointed Dr. Ford Tamer as its new CEO and Board member, effective immediately. Tamer replaces Esam Elashmawi, who served as Interim CEO since June 2024 and will continue as Chief Strategy and Marketing Officer. Tamer brings extensive experience in semiconductors, networking, and enterprise software, having previously served as President and CEO of Inphi for over nine years. He holds an M.S. and Ph.D. from MIT and currently serves on the boards of Teradyne and Groq. The company has reaffirmed its guidance provided on July 29, 2024.
Lattice Semiconductor (NASDAQ: LSCC), a leader in low power programmable solutions, has announced its participation in the FPGA World Conference 2024. The company will showcase its latest FPGA technology innovations, particularly in embedded vision applications, through speaker track sessions and demo showcases. The conference will take place in both Stockholm and Copenhagen, featuring Lattice's presentations on 'Sensor Fusion Applied to Maximize Accuracy for Industrial Applications'. This international forum brings together researchers, engineers, teachers, students, and hackers to discuss topics related to complex FPGA systems, FPGA/ASIC-based products, and educational and industrial cases.
Lattice Semiconductor (NASDAQ: LSCC) has been recognized as a 2024 Top Workplace in the San Francisco Bay Area by The San Francisco Chronicle. This award is based on direct employee feedback measuring various aspects of the employee experience, including feeling 'Respected & Supported', 'Enabled to Grow', and 'Empowered to Execute'.
Esam Elashmawi, Interim CEO & Chief Strategy and Marketing Officer, expressed pride in this recognition, highlighting Lattice's commitment to fostering an empowering culture. The Top Workplaces program, which celebrates organizations with 150+ employees, invited over 42,000 organizations to participate. Lattice's selection was based solely on employee feedback gathered through an engagement survey by Energage.
Lattice Semiconductor (Nasdaq: LSCC), a leader in low power programmable solutions, has announced its participation in the KeyBanc Capital Markets Technology Leadership Forum on August 6, 2024. Key executives, including Esam Elashmawi (Interim CEO & Chief Strategy and Marketing Officer), Sherri Luther (CFO), and Rick Muscha (VP of Investor Relations), will present the company's strategy and recent financial results.
A fireside chat with institutional investors is scheduled for 1:30 p.m. Eastern Time and will be webcast on the investor relations section of Lattice Semiconductor's website. This presentation offers an opportunity for investors and analysts to gain insights into the company's performance and future plans 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.
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