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19 July 2018

Lattice to discontinue millimetre-wave business to focus on core business

© Semiconductor Today Magazine / Juno PublishiPicture: Disco’s DAL7440 KABRA laser saw.

Lattice Semiconductor Corp of Portland, OR, USA, which provides programmable logic devices (PLDs) and video connectivity application-specific standard product (ASSP), is to discontinue its silicon-based 60GHz millimeter-wave business. This is expected to result in about $25m of primarily non-cash restructuring and impairment charges in second-quarter 2018, and an annualized reduction in operating expenses of about $13m. The firm does not expect a significant impact to its potential full-year 2018 revenue due to strength in other areas of its business. Lattice says that it is committed to supporting customers’ product and support requirements during the transition period.

“After careful evaluation, millimeter wave was determined to be a non-core business, unable to achieve the required near-term scale to be profitable or to warrant any further investment,” says interim CEO Glen Hawk. “We considered various strategic alternatives for this business but none proved to be viable,” he adds. “We continue working to further improve operational efficiencies and to accelerate revenue growth of our existing semiconductor solutions into attractive control, connect and compute applications.”

Tags: 60GHz

Visit: www.latticesemi.com

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