Lattice Semiconductor Corp Stock Price, News & Analysis

GuardKnox and Lattice Semiconductor have announced a collaboration to develop a powerful low-power solution for next-gen Electrical/Electronic (E/E) architecture in the automotive sector. This partnership will integrate GuardKnox's CommEngine™ with Lattice's FPGA technology, focusing on enhancing speed, connectivity, and security for advanced automotive applications like ADAS. The collaboration aims to accelerate market readiness for innovative vehicles.

Lattice Semiconductor (NASDAQ: LSCC) launched the Lattice Avant™, a new FPGA platform designed for power efficiency and compact performance. This innovation seeks to double the company’s addressable market while targeting applications in communications, computing, industrial, and automotive sectors. Key features include up to 2.5X lower power consumption, 2X faster throughput, and a form factor 6X smaller than competitors. The Avant-E FPGA family is the first to leverage this platform, aimed at addressing challenges in AI and data processing at the Edge.

Lattice Semiconductor has appointed Douglas Bettinger to its Board of Directors and Audit Committee, starting December 2, 2022. Bettinger brings over 30 years of experience in the semiconductor sector, currently serving as CFO at Lam Research. Previously, he held senior roles at Avago Technologies and Xilinx. His expertise in finance and operations is expected to bolster Lattice's strategic initiatives. Chairman Jeff Richardson expressed confidence in Bettinger's contributions towards long-term growth.

Lattice Semiconductor (NASDAQ: LSCC) will meet with institutional investors at the Credit Suisse 26th Annual Technology Conference on November 29, 2022, in Scottsdale, Arizona. The event will feature key executives, including Sherri Luther (CFO), Esam Elashmawi (Chief Strategy and Marketing Officer), and Rick Muscha (Senior Director of Investor Relations), discussing the company's strategy and recent financial results. A fireside chat will be webcast at 3 p.m. Eastern Time and can be accessed on Lattice's investor relations website.

Lattice Semiconductor (NASDAQ: LSCC) will host a virtual seminar on December 14 at 7 a.m. PST, focusing on Industrial cybersecurity trends and standards in FPGAs. The seminar will feature security experts from Lattice and EXOR International discussing Industry 4.0 security requirements, cyber resiliency, and the role of FPGAs in securing system designs. This event is part of Lattice's quarterly seminar series aimed at addressing cybersecurity challenges across various markets, including Industrial, Automotive, and Consumer sectors.

Lattice Semiconductor Corporation (NASDAQ: LSCC) reported record quarterly revenue of $172.5 million for Q3 2022, a 31% increase year-over-year. Gross margin rose to 68.8% on a GAAP basis, with net income per diluted share improving to $0.33 GAAP and $0.48 Non-GAAP. The company achieved a 73% boost in net income year-over-year, driven by strong growth in industrial and automotive segments. An expanded stock repurchase program of $150 million was authorized, and upcoming product launches aim to capture new market opportunities.