Lattice Semiconductor set to acquire AMI in $1.65bn deal

Lattice Semiconductor has entered a definitive statement to get AMI from THL Partners for $1.65bn, successful a determination to consolidate its presumption successful the unreality infrastructure, AI, and server absorption sectors.

AMI, which is majority-owned by THL Partners, is known for its level firmware and infrastructure manageability solutions for unreality and AI environments. The institution is forecast to make implicit $200m successful gross this year.

Under the presumption of the deal, the Nasdaq-listed Lattice volition get AMI connected a cash-free and debt-free basis. The transaction volition beryllium settled with $1bn successful currency and astir $650m successful Lattice communal shares.

The last fig of shares to beryllium issued volition beryllium connected Lattice’s banal terms anterior to closing, with the scope acceptable betwixt 5.2 cardinal and 6.1 cardinal shares. This includes equity awards to AMI employees valued astatine astir $57.3m, calculated utilizing Lattice’s stock terms of $120.96 arsenic of 1 May 2026.

Lattice expects to finalise the acquisition successful the 3rd 4th of 2026, pending regulatory approvals and customary closing conditions.

The integration is designed to harvester AMI’s firmware and orchestration capabilities with Lattice’s low-power field-programmable gross array (FPGA) portfolio. This volition make a acceptable of unafraid absorption and power solutions aimed astatine addressing operational needs successful unreality information centres, AI platforms, and modular server infrastructures.

The combined institution volition absorption connected gathering the expanding challenges posed by modularity, deployment, uptime, and predictive attraction successful analyzable information centre environments.

AMI CEO Sanjoy Maity said: “Lattice and AMI stock a agelong past of collaboration and a communal imaginativeness for unafraid strategy design. This operation allows america to physique connected that foundation, extending the scope of AMI’s level firmware and infrastructure manageability solutions portion maintaining the open, silicon‑agnostic, multi‑vendor enactment our customers value.

“Together, we judge we tin present much implicit and integrated absorption and power solutions for the systems being designed contiguous – and tomorrow.”

Lattice states the acquisition volition beryllium accretive to gross margin, escaped currency flow, and non-GAAP net per share. The institution says the transaction is aligned with its people of reaching a $1bn-plus yearly gross tally complaint by the 4th fourth of 2026.

Lattice president and CEO Ford Tamer said: “Our acquisition of AMI advances our everyplace companion spot strategy and shared imaginativeness to present unafraid absorption and power solutions that assistance customers deploy analyzable systems faster and with greater assurance – with expanded plan prime and flexibility.