Big Deal Worth 2 Trillion Won Targeting AI and Cloud: Low-Power FPGA Company Acquires AMI

Lattice Semiconductor Corporation (LSCC), a U.S. low-power FPGA vendor, on May 4 signed a definitive agreement to acquire AI and cloud platform firmware specialist AMI for approximately $1.65 billion (about KRW 2.1 trillion).

Structured as an all-cash-and-stock, net-debt-free transaction, the deal is expected to close in the third quarter of 2026. AMI is projected to generate over $200 million (roughly KRW 260 billion) in revenue that year. Together, the combined companies will aim to deliver integrated data-center and server security and management solutions.

Lattice anticipates the acquisition will immediately bolster margins, cash flow and non-GAAP earnings per share, supporting an annual revenue run-rate above $1 billion by the fourth quarter of 2026. On May 20, Lattice’s executive vice president of R&D sold KRW 20–30 billion worth of shares under an automatic trading plan.

In its first-quarter 2026 results announced the same day, Lattice reported revenue of approximately $170 million, a year-over-year increase of more than 40%. Non-GAAP EPS also exceeded market expectations, underscoring growth driven by AI infrastructure demand.

At recent developer conferences and in published materials, the company emphasized its expanded roadmap for low-power FPGAs and AI solutions spanning edge to cloud.

Headquartered in Oregon, Lattice is a programmable-logic semiconductor company specializing in low-power, small-form-factor FPGAs. Its products serve diverse markets, including telecommunications, industrial, automotive and consumer electronics.

Following AMD’s acquisition of Xilinx, Lattice remains effectively the last major independent FPGA vendor. With AI and edge computing accelerating, rising demand for low-power FPGAs positions Lattice as a key beneficiary, and the AMI acquisition marks a strategic effort to strengthen its firmware and software capabilities.