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 Corporation develops low-power programmable semiconductor technology, including FPGA-based silicon products, silicon-enabling products, evaluation boards, development hardware, intellectual property licensing, services, and related sales. The company serves communications, computing, industrial, automotive, and consumer markets, with applications extending from edge systems to cloud-connected infrastructure.
LSCC news commonly covers quarterly operating results, business outlook, product demonstrations, and platform updates for edge AI, computer vision, sensor bridging and fusion, robotics, industrial HMI, security, and automotive and industrial applications. Company updates also include technology collaborations, investor conference participation, governance matters, material agreements, and capital-structure disclosures.
Lattice Semiconductor Corporation (NASDAQ: LSCC) has unveiled a new roadmap for low power, AI/ML-enabled solutions that enhance battery life and user experience in Edge applications, particularly Client Compute devices. Utilizing the sensAI™ solution stack and Lattice Nexus™ FPGAs, these innovations enable OEMs to create energy-efficient, smart devices with hardware-accelerated AI. The latest sensAI version (v4.1) supports in-field software updates and extends application capabilities, showing a 28% longer battery life compared to traditional CPU-powered AI applications.
Lattice Semiconductor Corporation (NASDAQ: LSCC) announced a new share repurchase program authorized by its Board of Directors, allowing up to $100 million for buybacks through December 2022. This program adds to a previously authorized $60 million buyback plan from February 2021, of which $4.9 million remains. CFO Sherri Luther highlighted that this move signifies strong cash generation and the company’s dedication to enhancing shareholder value.
Lattice Semiconductor Corporation (NASDAQ: LSCC) will host a free webinar focused on developing low power Edge AI/ML applications using its Lattice sensAI™ solution stack. Scheduled for Wednesday, Nov. 17, 2021, at 11:00 AM EST, the event targets system and application engineers aiming to enhance design intelligence. Demand for low power AI/ML inferencing is rising, and Lattice sensAI offers a comprehensive solution combining FPGA hardware, software, and IP to expedite time to market.
Lattice Semiconductor Corporation (NASDAQ: LSCC) has appointed Tracy Feanny as Corporate Vice President, General Counsel, and Secretary, effective immediately. Feanny brings over 20 years of experience, previously serving at National Instruments Corporation as well as roles at Amazon Web Services and Dell Technologies. Her expertise is expected to enhance Lattice's legal strategies as the company continues its growth. Byron Milstead, the previous General Counsel, will transition to the Singapore distribution subsidiary before retiring. This leadership change aims to strengthen Lattice's position in the semiconductor industry.
Lattice Semiconductor Corporation (NASDAQ: LSCC) reported a 28% revenue increase year-over-year for Q3 2021, totaling $131.9 million, with net income rising 112% to $0.19 per diluted share on a GAAP basis. Gross margin expanded to 62.8%, up from 60.5% YoY. Operating profit reached 20.5%. Lattice achieved a record cash flow of $116 million year-to-date and repurchased $55 million in shares. The company expects Q4 2021 revenue between $129 million and $139 million, with non-GAAP gross margin anticipated at around 64%. The firm also received the 2021 Sustainability Leadership Award.
Lattice Semiconductor (NASDAQ: LSCC) announced that its CertusPro™-NX FPGA has been nominated as a finalist for the 2021 Elektra Awards in the Digital Semiconductor Product of the Year category. The CertusPro-NX FPGA family offers superior system bandwidth and power efficiency for various applications, such as 5G communications and ADAS systems. With remarkable features, including up to 65% more on-chip memory than competing products, it supports the LPDDR4 DRAM memory standard. Winners will be announced at a ceremony in London on Dec. 1, 2021.
Lattice Semiconductor Corporation (NASDAQ: LSCC) is hosting free online training sessions from October 25 to October 28 as part of the Lattice Education Competence Center (LEC2). The sessions focus on developing embedded vision applications using Lattice's low power FPGAs. Topics include VHDL for Synthesis, Device Architecture for Machine Vision, and more. Sponsored by Macnica ATD Europe, these sessions require advance registration. For additional details, visit www.lec2-fpga.com.
Lattice Semiconductor Corporation (NASDAQ: LSCC) announces a free webinar scheduled for October 27, 2021, at 2:00 PM EDT. This event will focus on the Lattice Automate™ solution stack for developing low power programmable industrial automation applications. Key areas of discussion include robotics, motor control with predictive maintenance, and real-time industrial networking. Attendees will learn about software design tools, IP building blocks, and demonstration services available through the Automate stack. Advance registration is required.
Lattice Semiconductor Corporation (NASDAQ: LSCC) is set to hold its third quarter 2021 conference call on November 2, 2021 at 5:00 p.m. Eastern Time. During the call, President and CEO Jim Anderson and CFO Sherri Luther will discuss the company's financial results and outlook. Interested parties can join via a dial-in number or through a live webcast available on the company's investor relations website.
Lattice is recognized as a leader in low power programmable solutions, serving various markets including communications, computing, and automotive.
Lattice Semiconductor (NASDAQ: LSCC) announces a presentation at the Linley Fall Processor Conference 2021, scheduled for October 20 at 10:10 a.m. PT. The presentation will highlight the development of machine learning applications optimized for low power consumption utilizing Lattice FPGAs and the Lattice sensAI solution stack. As demand for sophisticated, always-on Edge devices rises, the sensAI stack aims to provide designers with the necessary tools for effective ML application development.