AcquisitionsJul 27, 2026, 04:27 PM
Lattice Completes AMI Acquisition for $1B Cash, 5.2M Shares
AI Summary
Lattice Semiconductor Corporation announced the completion of its acquisition of AMI on July 27, 2026. The deal involved approximately $1 billion in cash and 5.2 million shares of Lattice common stock and restricted stock units, funded partly by a $925.0 million loan. This acquisition aims to create the industry's most complete secure management and control platform for data center AI and physical AI, expanding Lattice's market and capabilities. The company expects the acquisition to be accretive to gross margin, free cash flow, and non-GAAP earnings per share.
Key Highlights
- Lattice Semiconductor completed the acquisition of AMI on July 27, 2026.
- Total consideration was approximately $1 billion in cash and 5.2 million shares of Lattice common stock and restricted stock units.
- The cash consideration was funded by cash on hand and $925.0 million borrowed from a delayed draw term loan facility.
- The acquisition is expected to be accretive to gross margin, free cash flow, and non-GAAP EPS.
- AMI will operate as a dedicated business unit, 'AMI, a Lattice Company', maintaining silicon neutrality.
- THL, a seller, received customary registration rights for shares, including two underwritten block trades.
- Shares issued to AMI stockholders are subject to transfer restrictions, releasing 25% every 90 days over one year.
Price Impact
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