"The national-security risk posed by the transaction relates to, among other things, the potential transfer of intellectual property to the foreign acquirer, the Chinese government's role in supporting this transaction, the importance of semiconductor supply chain integrity to the US government, and the use of Lattice products by the United States government," Sanders said. Trump made the decision under Defense Production Act which authorises him to suspend or prohibit certain acquisitions that result in foreign control of an American business if he concludes, among other things, that there is credible evidence that the foreign interest exercising control might take action that threatens to impair the national security of the US, Sanders said. Trump reached this decision upon consideration of the appropriate factors and a review of a recommendation from the Committee on Foreign Investment in the US. The order directed the companies to take all steps to drop the proposed USD 1.3 billion deal within 30 days, Sanders said.ĬVCF is a Chinese corporation owned by Chinese state-owned entities that manages industrial investments and venture capital. This prospectus also covers the offer and sale by us of up to 27,124 shares of our common stock to certain former directors and consultants of Cerdelinx. AMD said the divestiture of Vantis would strengthen its balance sheet and allow it to focus on its core, Intel-compatible CPU business.White House Press Secretary Sarah Sanders said that the President’s order prohibits the acquisition of Lattice Semiconductor Corporation (Lattice) by, among others, China Venture Capital Fund Corporation Limited (CVCF). He said Lattice’s recently announced BFW programmable chips, combined with Vantis’s 3.3 volt Mach products would offer customers a broader choice. With significantly expanded R&D and sales organizations, we will now be able to increase new product developments and deliver higher density programmable solutions to customers sooner. Learn more about career opportunities with Lattice Semiconductor, a community of collaborative engineers, designers and manufacturing operations specialists. Lattice Semiconductor is the low power programmable leader. After many years of trading roughly sideways, Lattice. Lattice president and CEO Cyrus Y Tsui, called the acquisition a major strategic move. 77.91 The data center server market, 5G, and industrial and automotive applications could be a boon for this small chipmaker. Stay up to date on the latest stock price, chart, news, analysis, fundamentals. Although Vantis’ revenues were essentially flat last year, the market for programmable logic devices in general is picking up, driven by strong demand from communications and networking equipment system makers. A high-level overview of Lattice Semiconductor Corporation (LSCC) stock. But the unit was put up for sale in February of this year, when its parent company issued a profit warning for its first quarter (CI No 3,592). Vantis, the wholly-owned programmable logic subsidiary of AMD, was spun-off as a subsidiary at the beginning of 1997, with the intention of giving it the flexibility and focus of a small company. Fujitsu to Manufacture Leading-Edge FPGA Products for Lattice Semiconductor (Fujitsu Limited - Tokyo, Japan) In a press conference, Fujitsu Limited. (Reuters) - Lattice Semiconductor Corp LSCC.O, a U.S. Based on last year’s proforma financial results, the combined revenues of the two companies would have been around $400m. Lattice’s rival Xilinx Inc had been rumored as a potential suitor. Yesterday, Hillsboro, Oregon-based Lattice agreed to acquire Vantis for $500m in cash. PROFILE Lattice Semiconductor LSCC Hillsboro 92.07 +1.26 (+1. Lattice Semiconductor Corp, the fabless designer of in-system programmable logic devices, has turned out to be the buyer of Advanced Micro Devices Inc’s Vantis Corporation.
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