Lattice Semiconductor Corp (NASDAQ: LSCC)

Lattice Semiconductor Corporation develops technologies that it monetizes through programmable logic semiconductor products silicon enabling products system solutions design services and technology licenses. The company positions itself as the low power programmable leader serving customers across the network from edge to cloud in communications computing industrial automotive and consumer markets.

The company generates revenue primarily from the sale of its field programmable gate array devices and related silicon enabling products. It also earns income from intellectual property licensing including standard IP licenses IP core licensing patent monetization and IP services. Sales are made through distributors and direct channels to original equipment manufacturers in its target markets.

The company operates through the following segments: Communications and Computing Industrial and Automotive and Consumer.

• The Communications and Computing segment provides FPGA products that serve as primary processors or companion chips for artificial intelligence and processing applications in servers client devices 5G wireless infrastructure switches routers and related systems. It addresses customer needs for simplified control logic enhanced hardware platform security system status monitoring power and thermal management increased bandwidth reliability and security in disaggregated open radio access networks.

• The Industrial and Automotive segment supplies FPGA solutions for industrial internet of things Industry 4.0 machine vision robotics factory automation advanced driver assistance systems and automotive infotainment. It enables use as a companion chip to vision and motion control applications as the artificial intelligence brain in far edge and physical AI applications and in multi function applications such as human machine interface camera lidar radar sensor fusion signal processing control and communication. The segment also supports opportunities to increase automation efficiency and productivity through sensor proliferation motor control machine vision sensor connectivity speech recognition person object detection safety security and low latency.

• The Consumer segment delivers FPGA based solutions for smart home devices prosumer devices sound bars high end projectors augmented reality virtual reality devices and wearables. It enables more intelligence and computing power longer battery life for wireless devices real time transmission of higher resolution video on larger screens fast design cycles smaller form factors and various levels of video processing and analytics. Lattice FPGAs provide parallel architecture for faster processing than microcontrollers leading to shorter pauses and fewer delays they are among the most power efficient in the industry supporting longer battery life and their small packages enable thinner and more compact end products.

Lattice Semiconductor Corporation holds a leading position as the low power programmable leader in the field programmable gate array market. It competes with other FPGA vendors and with providers of application specific integrated circuits application specific standard parts and microcontrollers while also serving as a companion chip to other semiconductors. Competitive advantages include industry leading low power consumption small form factor strong security features long product life cycles extensive intellectual property and a suite of development tools that accelerate time to market.

The company serves original equipment manufacturers in the communications computing industrial automotive and consumer end markets. Its customers also include distributors and independent manufacturers representatives that help reach a broad base of end users.