Lattice Semiconductor (NASDAQ: LSCC) is the low power programmable leader. The FPGA Conference Europe is Europe's leading specialist conference for programmable logic devices as the building blocks of datacenters, telecommunications, and many other technology applications.įor more information about Lattice, please visit įor more information about and to register for the conference, visit July 6, 9:45 a.m.: European Cyber Resilience Act and its impact on IEC 62443 and embedded industrial system securityįPGA Conference Europe, NH München Ost Conference Center, Munich, Germany
July 5, 2:15 p.m.: FPGA as bridging device in IIoT July 4, 2:15 p.m.: Secure method of enabling multiple design in FPGA July 4 – 6: Lattice Demo Showcase (Partner booth at #7 and #30) July 4, 1:45 p.m.: Opening Keynote “Lattice Avant™, a new level of low power FPGA innovation for mid-range applications” With key activities including an opening keynote delivery, participation in various speaker track sessions, and demo showcases in multiple partner booths, Lattice will showcase its latest FPGA technology innovations from embedded vision, AI, functional safety, security applications, and more. Lattice is the inventor and world's leading supplier of in-system programmable ("ISPTM") PLDs.Lattice Semiconductor (NASDAQ: LSCC), the low power programmable leader, today announced its participation in the FPGA Conference Europe. Lattice designs, develops and markets high performance programmable logic devices ("PLDs") and related development system software. AMD's best opportunities for profitable growth lie in offering products that provide improved connectivity, a superior visual computing platform, and better Internet access from personal computers." The divestiture of Vantis strengthens our balance sheet and allows AMD to focus its investment and resources on its core businesses, which consist of microprocessors and other circuits that enhance the value of personal computers as communications and information processing tools. Rich Previte, AMD president and Vantis chairman, said, "We are pleased that the successful Vantis organization will now join a strong Lattice team. As a result, we will become a stronger and more viable competitor and offer a broader range of programmable devices." "With significantly expanded R&D and sales organizations, we will now be able to increase new product development efforts and deliver innovative, higher density programmable solutions to customers sooner. Tsui, Lattice president and chief executive officer. "This is clearly a major strategic move for Lattice," stated Cyrus Y.
Lattice semiconductor subsidiaries pro#
Based on pro forma financial results for calendar 1998, the combined revenues of Lattice and Vantis would have been approximately $400 million. Upon completion of the transaction, Vantis will be a wholly-owned subsidiary of Lattice. While the transaction will be initially dilutive to Lattice's earnings per share, Lattice expects it to be accretive to the company's cash earnings in calendar 2000. The transaction will be accounted for as a purchase. Lattice and AMD anticipate completing the deal before the end of Lattice's second fiscal quarter ending in September. AMD and Lattice Semiconductor will make a mutual 338(h)10 tax election that will allow acquisition-related goodwill to be tax deductible for Lattice.
The acquisition will be financed through a combination of cash on hand, bank borrowings and other sources of financing. The acquisition price includes the assumption of Vantis' net cash and cash equivalents, which are expected to be approximately $60 million at closing. (Sunnyvale, CA), the wholly-owned programmable logic subsidiary of AMD, for $500 million in cash. (Hillsboro, OR) and Advanced Micro Devices (Sunnyvale, CA) today announced a definitive agreement whereby Lattice Semiconductor will acquire Vantis Corp.
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