mynth
05/2026

AMI acquired by LATTICE SEMICONDUCTOR

UNITED STATES Software / Industry-Specific Software / Electronics / Manufacturing EV 1b - 4b USD

Context

Lattice Semiconductor has agreed to acquire AMI in a strategic transaction designed to create a comprehensive secure management and control platform for the technology industry. The acquisition is a key step in advancing Lattice's strategy to expand its market position in high-growth server, AI, and cloud applications. By combining Lattice's leadership in low-power programmable hardware (FPGAs) with AMI's deep expertise in platform firmware and infrastructure manageability software, the merged entity aims to offer integrated, system-level solutions. This combination is intended to address significant challenges faced by data centers, such as increasing hardware modularity, system complexity, and the critical need for constant uptime and streamlined deployment. The deal is expected to accelerate customer time-to-market by providing more complete and integrated solutions for secure management, flexible control, and predictive maintenance. For Lattice, this move deepens its role from a component supplier to a system-level solution provider, significantly expanding its serviceable addressable market and enhancing its ability to deliver value to customers building the next generation of complex computing systems. The companies have emphasized their shared commitment to maintaining an open, silicon-agnostic approach to support a broad partner ecosystem.

AMI, which reported an EBITDA margin of LOGIN in 2026, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

AMI is a global leader in foundational technology solutions, specializing in platform firmware and infrastructure manageability for the computing industry, with a significant focus on cloud and AI applications. The company is renowned for its BIOS (Basic Input/Output System) and UEFI (Unified Extensible Firmware Interface) firmware, which are critical for booting and initializing hardware in servers, desktops, and embedded systems. Beyond its core firmware offerings, AMI provides a comprehensive suite of manageability solutions, including Baseboard Management Controller (BMC) firmware, such as MegaRAC. These solutions enable secure, remote monitoring, management, and control of server hardware and data center infrastructure, which is essential for ensuring uptime, security, and operational efficiency. AMI's products are designed to be silicon-agnostic, supporting a wide range of hardware from multiple vendors across the compute, communications, industrial, and embedded markets. The company's expertise in low-level system software allows it to provide robust, secure, and customizable solutions that help original equipment manufacturers (OEMs) and data center operators accelerate their time to market and manage complex computing environments effectively.

Ent. Value

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Multiples

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (USD)

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2026
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2025
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REFERENCES

Valuation range: EV 1b - 4b USD

Revenue range: 150M - 250M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of AMI by LATTICE SEMICONDUCTOR are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: ami

Acquirer: lattice semiconductor