Lattice Semiconductor Lowers Q4 Revenue Forecast, To Buy SiliconBlue Technologies For $62M

Lattice Semiconductor Corp

lowered its fourth-quarter revenue forecast and announced its plans to buy SiliconBlue Technologies for $62 million in cash. Lattice now projects revenue to drop by 14% to 17% sequentially, versus its prior outlook of a 4% to 9% sequential decline. LSCC shares dropped 4.86% to $6.27 in pre-market trading.