May 5, 2026
Lattice Semiconductor has entered a definitive agreement to acquire AMI from THL Partners for $1.65 billion, combining their technologies to enhance secure system design in data centers.
The acquisition, expected to close in the third quarter of 2026, will be settled with $1 billion in cash and approximately $650 million in Lattice common shares. The final number of shares issued will depend on Lattice's stock price prior to closing, ranging between 5.2 million and 6.1 million shares.
Strategic Expansion and Financial Impact
Lattice Semiconductor's acquisition of AMI aligns with its goal of reaching a $1 billion-plus annual revenue run rate by the fourth quarter of 2026. The deal is projected to be accretive to gross margin, free cash flow, and non-GAAP earnings per share. AMI, forecasted to generate over $200 million in revenue this year, brings firmware and orchestration capabilities that complement Lattice's low-power field-programmable gate array (FPGA) portfolio.
