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Third Quarter 2012 Results, Restructuring and Emphasis on Low Density Market

On October 18, Lattice announced third quarter revenue of $70.9 million. At the same time, Lattice announced a restructuring of the company designed to better align its cost structure with revenue and to enable a stronger focus on the market for low density and ultra-low density programmable logic devices

Lattice had 2011 revenue

For the first quarter of 2012 Lattice reported revenue of $71.7 million

2011 revenue of $318 million

700 employees

Billerbeck:

Lattice Diamond

SiliconBlue Acquisition

On December 9 2011, Lattice announced it was acquiring SiliconBlue, a programmable logic company specializing in very small, low cost, low power FPGAs for the consumer and mobile electronics market (e.g. smartphones, tablets, e-readers, notebooks, cameras). Lattice paid $63.2 million for SiliconBlue. Utilizing a single chip, ultra-low power Field Programmable Gate Array (FPGA) fabric, SiliconBlue's mobileFPGA devices enable mobile designers to quickly add features to their mobile platform in areas such as connectivity, memory / storage, sensor management, and video / imaging. According to journalist Kevin Morris, "this is the kind of merger that makes sense – giving a bigger audience and a stronger vehicle to deliver SiliconBlue’s novel technology and strategy, creating a path for extending the life and the capability of some of Lattice’s key revenue products, and accelerating Lattice’s expansion into one of the key green fields for programmable logic – low-cost, low-power programmable devices for the high-volume mobile market."

Foundry Agreement with UMC

On July 9, 2012 Lattice announced a long term technology partnership with United Microelectronics Corporation, a leading global semiconductor foundry. According to Lattice, Lattice and UMC intend to work on non-volatile products based on advanced technology nodes (40nm and, eventually, 28nm) and then expand their efforts to include other Lattice product lines. Strategically, the UMC agreement is seen as complementary to the earlier acquisition of SiliconBlue, in that it gives Lattice a foundry partner that can deliver products using the SiliconBlue technology. According to journalist Loring Wirbel, "the greatest excitement is gaining access to UMC’s new 28-nm HLP process. New products are expected to emerge from the alliance by 2013. For many years, analysts have spoken of Xilinx and Altera as the Big Two, followed by a range of smaller players. It’s pretty clear the FPGA market is morphing into the Big Four – Xilinx, Altera, Lattice, and Microsemi Corp. – which startups like Tabula Inc. will have to challenge."

the number three ranked company in world market share for field-programmable gate array (FPGA) devices.

Lattice reported revenue of $70.8 million for the second quarter of 2012.