Tsinghua buys stake in Lattice

Acquisitive Chinese investor Tsinghua Unigroup has bought 6% of Lattice.

Lattice was rumoured as being a takeover target of Tsinghua earlier this year.

Lattice’s shares rose 15.5% on news of the deal.

The speculation is that Tsinghua wants Lattice for the same reason as Intel bought Altera, to.provide FPGA acceleration in server SoCs.

The effect of the news of the 6% stake on the shares, suggests that investors believe that the shareholding is a preliminary to a takeover move.

However previous Tsinghua bids for Micron and Fairchild failed because of US regulatory concerns.

Last year Lattice made a loss of $159 million on sales of $405 million.

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