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 (13.3x).

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