Big Deal Worth $1.65 Billion Targeting AI Data Centers: Semiconductor Company Acquires Firmware Leader AMI

On May 4, Lattice Semiconductor Corporation (NASDAQ: LSCC) announced it has signed a definitive agreement to acquire AMI, a provider of cloud- and AI-platform firmware, in a cash-and-stock transaction valued at approximately $1.65 billion (about ₩2.3 trillion). By combining its low-power FPGA portfolio with AMI’s firmware and management solutions, Lattice aims to build an integrated security, management, and control platform for data centers, servers, AI, and cloud markets—and to surpass $1 billion in annual revenue by Q4 2026. On May 20, following a pre-arranged trading plan, Senior Vice President of R&D Pravin Desale sold roughly 10,000 shares of Lattice stock on the open market, raising about $1.9 million (approximately ₩3 billion), while still retaining a substantial equity stake.

In its first-quarter report, Lattice posted a 42% year-over-year increase in revenue and record-high sales in its Compute and Communications segments. The company has guided for roughly 50% revenue growth in the second quarter. In mid-May, at JPMorgan’s 2026 Global Technology, Media & Communications Conference, Lattice executives presented their AI and cloud growth strategy and discussed the anticipated benefits of the AMI acquisition with institutional investors.

Founded in 1983, Lattice is a U.S. fabless semiconductor company specializing in low-power FPGAs. After AMD’s acquisition of Xilinx, it remains the last independent major FPGA vendor. As AI servers and cloud infrastructure expand, driving higher demand for data-center FPGAs and firmware/management software, the semiconductor industry continues to pursue mergers and acquisitions to strengthen its AI-infrastructure solution capabilities.