China Eyes Up Lattice

The Chinese certainly seem to be game. After a long litany of rebuffs they’re now trying to buy Lattice, reports Reuters..

Apparently Morgan Stanley is helping Lattice choose between a number of would-be purchasers one of whom is Chinese.

The usual suspect is Tsinghua which has had offers of investment rejected by Western Digital, Micron, Hynix, MediaTek and Fairchild and a further three offers currently under review in Taiwan for stakes in SPIL, ChipMos and Powertech Technology.

Lattice could make an attractive target to the Chinese because the Chinese are very much getting into server SoCs and FPGAs are being seen as a vital accompaniment to server chips.

Lattice’s shares have been volatile lately valuing the company at between $700 and $770 million. The shares rose 13% last week.

Last year, Lattice had $406 million revenues for a $159 million loss.


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