![]() Lattice is the inventor and world's leading supplier of in-system programmable ("ISPTM") PLDs. Mirametrix, Silicon Image and SiliconBlue Technologies are its latest acquisitions. Lattice designs, develops and markets high performance programmable logic devices ("PLDs") and related development system software. Lattice Semiconductor has made 3 acquisitions across sectors such as Artificial Intelligence, Consumer Digital - Canada, Enterprise Tech - US and others. Their latest acquisition was Mirametrix on November 15, 2021. 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." Lattice Semiconductor acquired 3 companies. 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. 0000855658 Lattice Semiconductor Corp false-01-01 FY 2021 0.01 0.01 10,000,000 10,000,000 0 0 0 0 0.01 0.01 300,000,000 300,000,000 137,239,000 136,236,000. 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. The specific terms of the deal aren't public knowledge yet. "This is clearly a major strategic move for Lattice," stated Cyrus Y. This week Lattice Semiconductor announced that it has officially acquired Mirametrix INC. 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.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |