Lattice Semiconductor acquires AMI, maker of server firmware (www.oregonlive.com)

Lattice Semiconductor has announced its acquisition of AMI, an Atlanta-based company specializing in server firmware, for $1.65 billion in cash and stock. This strategic move aims to enhance Lattice's offerings for data centers and artificial intelligence applications, leveraging the recent surge in demand for AI-related technologies. Following a strong financial performance with sales soaring 42% to $170.9 million last quarter, Lattice has seen its stock price increase over 150% since August, reflecting robust market interest and positioning the company for future growth. AMI's expertise in firmware is expected to accelerate the deployment of complex computing systems, crucial for data centers and AI infrastructures. Lattice CEO Ford Tamer emphasized that the acquisition aligns with their "everywhere companion chip" strategy, which focuses on providing secure management and control solutions, thereby increasing operational efficiency for customers. With projections of generating $1 billion in annual revenue by 2026 and anticipating $200 million in sales from AMI this year, the merger is poised to significantly bolster Lattice's competitive edge in the semiconductor market, further solidifying its place as Oregon's second-most-valuable company.