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Lattice Details Next Growth Phase and Long-Term Financial Model at 2023 Analyst and Investor Day
NEW YORK--(BUSINESS WIRE)-- Lattice Semiconductor Corporation (NASDAQ: LSCC), the low power programmable leader, today at its 2023 Analyst and Investor Day
About this update from Lattice Semiconductor Corporation
[{"type":"text","content":" NEW YORK--(BUSINESS WIRE)--\nLattice Semiconductor Corporation (NASDAQ: LSCC), the low power programmable leader, today at its 2023 Analyst and Investor Day outlined its strategy to drive its next growth phase. The Company provided a strategic overview of how it is well positioned in a growing addressable market with a rapidly expanding product portfolio, delivering market-leading innovation, and driving strong customer momentum. The Company also raised its long-term financial model targets.\n\n\nJim Anderson, President and CEO, said, “We are pleased with the progress to date but are even more excited about where we are heading with Lattice’s next growth phase. Given our combination of market position, expanding product portfolio and customer momentum, we are well positioned to drive continued long-term growth.”\n\n\nEsam Elashmawi, Chief Strategy and Marketing Officer, detailed Lattice’s large and growing market opportunity, with a $10 billion addressable market. He also provided details on Lattice’s rapid product portfolio expansion, including the strategic applications that are driving growth, the addition of new products to the long-term roadmap, and the unveiling of multiple new products today: Avant-G, Avant-X in mid-range, CrossLinkU-NX in small FPGA, and the Lattice Drive software solution.\n\n\nSherri Luther, CFO, summarized Lattice’s strong financial results to date and the new, higher financial model targets.\n\n\nThe presentation and a webcast replay of the event are available on the Investor Relations section of www.LatticeSemi.com.\n\n\nForward-Looking Statements Notice:\n\n\nThe foregoing paragraphs contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, that involve estimates, assumptions, risks and uncertainties. Any statements about our expectations, beliefs, plans, objectives, assumptions or\n\n\nfuture events or performance are not historical facts and may be forward-looking. Such forward-looking statements include, but are not limited to, statements relating to our market position in secular growth markets; market-leading innovation; product and customer momentum; product portfolio expansion and strategic applications; the size of our addressable market and growing market opportunities; financial model targets; and positioning for long-term growth. Othe...