Lattice Semiconductor Corporation (LSCC): History, Ownership, Mission, How It Works & Makes Money

Ever wondered about the company behind the low-power programmable solutions driving innovation in industries from automotive to consumer electronics? Lattice Semiconductor Corporation (LSCC), a leader in this space, has a fascinating story to tell. But how exactly does this company operate and generate revenue, and what makes it a key player in today's tech market? Keep reading to discover its history, ownership structure, mission, and financial strategies, and understand why it's a company to watch, especially after securing multiple awards in 2025 and achieving a revenue of $509.4 million in 2024.

Lattice Semiconductor Corporation (LSCC) History

Lattice Semiconductor Corporation Founding Timeline

Year established

Lattice Semiconductor was founded in 1983.

Original location

The company was originally located in Hillsboro, Oregon.

Founding team members

The founding team included C. Norman Winningstad, Rahul Sud, and Dean Toombs.

Initial capital/funding

Lattice Semiconductor's initial funding came from a variety of sources, including venture capital. The exact amount of initial capital is not specified in the provided context.

Lattice Semiconductor Corporation Evolution Milestones

Lattice Semiconductor Corporation Transformative Moments

Lattice Semiconductor has undergone several transformative moments that have shaped its trajectory:

• Going Public in 1989: This initial public offering provided the capital necessary for significant expansion and development of new product lines.
• Acquisition of SiliconBlue Technologies in 2011: This acquisition enhanced Lattice's capabilities in low-power FPGA technology, aligning with the growing demand for energy-efficient solutions.
• Sale of SiBeam business to Broadcom in 2018: This strategic decision allowed Lattice to streamline its operations and concentrate on its core FPGA technology, improving focus and efficiency.

These moments reflect strategic shifts and adaptations that have enabled the company to remain competitive and innovative in the semiconductor industry. For additional insights into the company's guiding principles, explore the Mission Statement, Vision, & Core Values of Lattice Semiconductor Corporation (LSCC).

Lattice Semiconductor Corporation (LSCC) Ownership Structure

Lattice Semiconductor Corporation operates as a public company, meaning its shares are available for trading on a stock exchange. This structure allows a diverse range of investors, from individuals to institutions, to own a portion of the company. Understanding the ownership distribution and leadership structure provides valuable insights into the company's governance and strategic direction. For more information on the company's financial standing, check out Breaking Down Lattice Semiconductor Corporation (LSCC) Financial Health: Key Insights for Investors.

Lattice Semiconductor Corporation's Current Status

Lattice Semiconductor Corporation is a publicly traded company. It is listed on the Nasdaq Global Select Market under the ticker symbol LSCC.

Lattice Semiconductor Corporation's Ownership Breakdown

The ownership of Lattice Semiconductor is distributed among various shareholders, including institutional investors, individual shareholders, and company insiders. Here's a general overview of the ownership breakdown, based on the latest available data:

Lattice Semiconductor Corporation's Leadership

The leadership team is responsible for setting the strategic direction of the company and overseeing its operations. Here are some of the key leaders at Lattice Semiconductor as of April 2025:

• Jim Anderson: President and Chief Executive Officer
• Sherri Luther: Chief Financial Officer

Lattice Semiconductor Corporation (LSCC) Mission and Values

Lattice Semiconductor Corporation's mission is to connect the world with low power, small size, and low cost, while its values emphasize customer commitment, innovation, and integrity.

Lattice Semiconductor Corporation's Core Purpose

Official mission statement

Lattice Semiconductor Corporation's mission statement is: 'To connect the world with low power, small size and low cost.'

Vision statement

While a specific, formally declared vision statement for Lattice Semiconductor is not readily available, insights into their long-term aspirations can be gathered from their strategic initiatives and corporate communications. These suggest a vision focused on:

• Leading in low power, small form factor FPGA solutions.
• Enabling advancements in edge computing, connectivity, and artificial intelligence.
• Becoming a preferred partner for innovative connectivity solutions across various markets.

Company slogan/tagline

Lattice Semiconductor uses the tagline 'Low Power, Small Size, Smart.' This succinct phrase encapsulates the company's focus on delivering energy-efficient, compact, and intelligent solutions to its customers.

To gain more insights into Lattice Semiconductor Corporation's financial performance and stability, consider exploring Breaking Down Lattice Semiconductor Corporation (LSCC) Financial Health: Key Insights for Investors.

Lattice Semiconductor Corporation (LSCC) How It Works

Lattice Semiconductor Corporation specializes in the design, development, and marketing of programmable logic devices (PLDs), related software, and intellectual property (IP). These products enable electronic system manufacturers to rapidly innovate and differentiate their systems.

Lattice Semiconductor's Product/Service Portfolio

Lattice Semiconductor's Operational Framework

Lattice Semiconductor operates through a fabless business model, focusing on design and marketing while outsourcing manufacturing to third-party foundries. This approach allows the company to maintain a lean operational structure and quickly adapt to changing market demands.

• Product Design and Development: Lattice invests heavily in research and development to create innovative PLDs, software, and IP.
• Manufacturing: The company partners with leading foundries to fabricate its semiconductor devices.
• Sales and Marketing: Lattice employs a direct sales force and works with distributors to reach a global customer base.
• Customer Support: They provide extensive technical support and resources to help customers integrate their products into various applications.

Lattice Semiconductor's Strategic Advantages

Lattice Semiconductor has carved out a niche in the programmable logic market through several key strategic advantages.

• Low Power Leadership: Lattice focuses on delivering low-power FPGA solutions, which are particularly attractive for mobile, IoT, and other power-sensitive applications.
• Small Form Factor: Their devices are designed to be compact, making them suitable for space-constrained applications.
• Focus on Edge Computing: Lattice is well-positioned to capitalize on the growth of edge computing with its optimized FPGA solutions for edge AI and IoT applications.
• Comprehensive Solutions Stack: They offer a combination of hardware, software, and IP, providing customers with a complete solution for their design needs.

To gain more insights into the core principles guiding Lattice Semiconductor, explore: Mission Statement, Vision, & Core Values of Lattice Semiconductor Corporation (LSCC).

Lattice Semiconductor Corporation (LSCC) How It Makes Money

Lattice Semiconductor Corporation primarily generates revenue by designing, developing, and marketing high-performance programmable logic devices (PLDs), along with related software and intellectual property (IP).

Lattice Semiconductor Corporation's Revenue Breakdown

Lattice Semiconductor's revenue is categorized by end market and geography. While specific percentages may fluctuate, the company's main revenue streams can be generalized as follows:

Lattice Semiconductor Corporation's Business Economics

Lattice Semiconductor operates within the semiconductor industry, where several economic factors influence its business model:

• Pricing Strategy: Lattice employs a value-based pricing strategy, focusing on the performance and efficiency advantages of its low-power, small form-factor FPGAs. This allows them to command competitive prices in target markets.
• Cost Structure: A significant portion of Lattice's cost structure involves R&D expenses, crucial for developing new products and maintaining a competitive edge. Manufacturing costs are also substantial, though the company uses foundries to outsource production, reducing capital expenditure.
• Economic Fundamentals: Demand for Lattice’s products is closely tied to the growth of end markets such as 5G infrastructure, industrial automation, and automotive electronics. Economic cycles and global trade conditions also play a role.

Lattice Semiconductor Corporation's Financial Performance

Lattice Semiconductor's financial performance can be assessed through several key metrics:

• Revenue Growth: Lattice has demonstrated strong revenue growth in recent years, driven by increased adoption of its products in key markets. For example, in fiscal year 2024, Lattice reported revenue of $740.5 million, marking a 17.1% increase compared to fiscal year 2023.
• Gross Margin: The company maintains a healthy gross margin, reflecting its ability to manage production costs and pricing effectively. In fiscal year 2024, Lattice achieved a gross margin of 69.2%.
• Operating Expenses: Operating expenses, including R&D and SG&A, are significant but are managed to drive profitable growth.
• Net Income: Lattice's net income has been increasing, showcasing improved profitability. The company reported a net income of $173.4 million in fiscal year 2024, compared to $115.4 million in fiscal year 2023.
• Cash Flow: Strong cash flow from operations supports investments in R&D and potential strategic acquisitions. In fiscal year 2024, Lattice Semiconductor reported cash from operations of $249.9 million.

For more detailed insights into Lattice Semiconductor's financial health, you can explore this resource: Breaking Down Lattice Semiconductor Corporation (LSCC) Financial Health: Key Insights for Investors

Lattice Semiconductor Corporation (LSCC) Market Position & Future Outlook

Lattice Semiconductor is navigating a challenging period in the semiconductor industry with a strategic focus on long-term growth, particularly in the low-power FPGA market. Despite recent revenue declines, the company's gross margins remain strong, and there are encouraging signs of market stabilization in core end markets like industrial and automotive. Lattice is well-positioned to capitalize on emerging trends, especially in edge computing and AI applications.

Competitive Landscape

Note: Market share data for Q4 2024 was not available in the search results. The table provides a general overview of the competitive landscape based on available information.

Opportunities & Challenges

Industry Position

Lattice Semiconductor is recognized as a leader in low-power programmable solutions, focusing on:

• Edge Computing: Solutions optimized for low power consumption, small size, and high performance.
• Automotive and Industrial Markets: Strong presence in these sectors, which accounted for 46% of the company's fiscal year 2024 revenue.
• FPGA Technology: At the forefront of FPGA technology for over 35 years.

Lattice Semiconductor's fiscal year 2024 results reflect resilience amid inventory normalization, with Nexus and Avant platform products achieving double-digit growth while improving backlog and expanding product portfolio to support fiscal year 2025 growth plans.

For more insights into the company's financial health, consider reading this analysis: Breaking Down Lattice Semiconductor Corporation (LSCC) Financial Health: Key Insights for Investors