Lattice Semiconductor Completes Acquisition of AMI for ~$1B Cash and Stock

Lattice Semiconductor (LSCC) announced it has completed its previously disclosed acquisition of AMI TopCo, Inc. (AMI), a provider of platform firmware and infrastructure manageability technology. The transaction aims to create a comprehensive secure management and control platform for the data center and AI infrastructure markets.

Key Details

• Transaction Value: The total consideration was approximately $1 billion in cash and approximately 5.2 million shares of Lattice common stock and restricted stock units.
• Closing Date: The acquisition was completed on July 27, 2026.
• Financing: The cash portion was funded through cash on hand and a $925 million borrowing under a senior secured delayed draw term loan facility.
• Strategic Rationale: The combination of Lattice's low-power FPGAs and AMI's firmware expertise is intended to address the escalating security, power, and performance demands of modern AI infrastructure.