Company Overview
Lattice Semiconductor Corporation (Nasdaq: LSCC)
- Industry: Semiconductors
- Founded: 1983
- Headquarters: Hillsboro, Oregon, USA
- CEO: Ford Tamer (appointed September 2024)
- Number of Employees: 1,156 (2023)
- Revenue: $737 million (2023)
- Net Income: $259 million (2023)
- Website: [latticesemi.com](https://www.latticesemi.com/)
Lattice Semiconductor is renowned for its specialization in the development and production of low-power field-programmable gate arrays (FPGAs). The company maintains a significant presence across a variety of markets, including communications, computing, industrial, automotive, and consumer electronics.
Key Personnel
- Ford Tamer: Chief Executive Officer and Board Member. Tamer joined Lattice in September 2024, bringing over 30 years of experience, including a successful tenure as President and CEO of Inphi. He holds an education from the Massachusetts Institute of Technology.
- Sherri Luther: Former Chief Financial Officer, recognized for her excellence with the 2023 Women CFOs of the Year Award by the Financial Executives International Silicon Valley (FEISV).
- Terese Kemble: Chief People Officer and Senior Vice President, Human Resources. She has been with Lattice since July 2019, after previous experience at Juniper Networks.
Product and Market Focus
Lattice Semiconductor's product portfolio is dominated by small, efficient, low-power FPGAs, with the Lattice Nexus and Lattice Avant platforms being flagship offerings. These products are integral to advancing next-generation applications like edge computing and the Internet of Things (IoT).
Strategic Initiatives and Partnerships
- Global Operations: The organization operates globally with strategic locations in San Jose, California, Shanghai, Manila, Penang, and Singapore.
- Market Position: As the only remaining independent major manufacturer of FPGAs post-AMD's acquisition of Xilinx, Lattice holds a unique position in the industry.
- Technological Advancements: Continued innovations with software solutions such as Diamond, Radiant, and Propel. Additionally, solution stacks like Lattice mVision, Lattice sensAI, and Lattice Automate are designed for applications in machine learning and industrial automation.
Financial Performance
In the fiscal year 2023, Lattice Semiconductor demonstrated strong financials with:
- Operating Income: $212 million
- Total Assets: $841 million
- Total Equity: $692 million
These figures underscore Lattice's central position and potential for growth within the semiconductor industry.
Competitive Landscape
Lattice Semiconductor faces competition primarily from companies like:
- Xilinx: Specializing in programmable logic devices, directly competing within the FPGA segment.
- Microchip Technology (NASDAQ: MCHP): Offers a vast portfolio that challenges Lattice in embedded security and analog sectors, with substantial revenue of $7.6 billion in 2024.
- Monolithic Power Systems (NASDAQ: MPWR): Known for energy-efficient systems, aligning closely with Lattice's power management technologies. Reported revenue stands at $1.82 billion in 2023.
- Skyworks Solutions (NASDAQ: SWKS): Its focus on mobile communications and wireless markets mirrors Lattice's interests in communication infrastructure, with 2024 revenues of $4.18 billion.
- First Solar (NASDAQ: FSLR): Though primarily operating in photovoltaic technologies, poses a competitive challenge in the semiconductor landscape.
- MACOM Technology Solutions (NASDAQ: MTSI): Engages in high-performance analog RF, microwave, and millimeter-wave products and represents a formidable competitor with diverse applications in telecom, defense, and data centers.
Industry Context and Insights
Lattice Semiconductor operates within a vibrant, ever-evolving semiconductor market where differentiation through innovation is essential. The continual focus on low-power FPGAs positions Lattice strategically as competitors like Microchip Technology and Monolithic Power Systems advance through strategic acquisitions and sustainability-oriented initiatives. Meanwhile, Skyworks Solutions' advancements in RF technology reflect broader market shifts toward 5G and IoT, highlighting areas where Lattice remains actively engaged.
Maintaining competitive advantage demands that Lattice leverage its strengths in low-power applications while pursuing new sectors and technologies to enhance its market leadership and sustain its growth trajectory.
