LATTICE SEMICONDUCTOR Business Summary

Lattice Semiconductor Corporation (LSCC) is a global leader in low-power, small-to-mid-range field-programmable gate arrays (FPGAs) and specialized software solution stacks. The company generates revenue primarily through the sale of its hardware platforms, including the Nexus and Avant families, and licensing software for edge AI, security, and factory automation. Its business is organized into three core segments: Communications and Computing (accounting for 64% of Q4 2025 revenue), Industrial and Automotive, and Consumer. Lattice differentiates itself by providing high-efficiency "companion chips" for data centers and physical AI, positioning itself as a power-optimized alternative to high-end offerings from AMD (Xilinx) and Intel (Altera) while outcompeting Microchip Technology and EFinix in the low-power programmable logic niche. Founded in 1983, Lattice is currently led by CEO Ford Tamer, an industry veteran who previously served as CEO of Inphi and held senior leadership roles at Marvell and Broadcom. The executive team includes CFO Lorenzo Flores, who brings extensive FPGA experience from his tenure at Xilinx, and SVP of Research & Development Pravin Desale, who oversees the company’s advanced silicon and software roadmaps. The Board of Directors features notable figures such as John Forsyth (CEO of Cirrus Logic) and Doug Bettinger (CFO of Lam Research). Lattice is supported by a strong institutional investor base, including T. Rowe Price, BlackRock, and Vanguard, as it executes a 2026 growth strategy centered on post-quantum cryptography and the rapid expansion of its 16nm and 5nm FPGA portfolios.