Trade Lattice Semiconductor
Lattice Semiconductor Company is an American company for the manufacture of high-performance programming logic devices (FPGAs, CPLDs, and SPLDs). The company employs more than 700 employees and annual revenues of more than $400 million as of 2019. In 2011, the Oregon-based company ranked third among fPGA manufacturers and second to CPLDs & SPLDs. Lattice was founded on April 3, 1983, by C. Norman Winingstad, Rahul Sood, and Ray Kipchi, with the investment of Winingstad, Harry Merlo, Tom Muir, and John Piacentini. Lattice was founded in Oregon in 1983 and reincorporated into Delaware in 1985. Co-founder Sood left the post of Chairman in December 1986, and Winningstad left in 1991 as chairman. Early conflicts led to the reorganization of Chapter 11 bankruptcy in July 1987. The company went bankrupt 62 days later and moved from its headquarters in an unincorporated area near Beaverton to a smaller building in Hillsboro, Oregon. During the following year, the company shrank from 140 to 64 employees, but recorded revenues. Cyrus Tsui became CEO of the company in 1988. On November 9, 1989, Latisi became a public shareholding company when its shares were listed on nasdaq after its initial public offering. The initial share price was $6, raising nearly $14 million for the company. In July 1990, a second equity offering of approximately 1.5 million new shares raised $22.6 million at $16.25 million at $16.25 million. Per share. In 1995, the company attempted to assert trademark rights in the term Silicon Forest beyond the use of its brand for use in semiconductor devices. They registered the mark in 1985, but later admitted that they could not prevent the term from being used as an anyway. Forbes ranked the company as the best small company in the United States in 1996 as the top 162, and Latis began to double the size of its headquarters in Hillsboro. In 2000, annual revenue was $560 million, with a profit of $160 million. Its share price reached an all-time high of $41.34, adjusted to take into account divisions. However, the company did not record any annual profits over the next five years.