Market Overview

Lattice Semiconductor and Canyon Bridge Capital Partners, LLC Announce Termination of Merger Agreement Following Decision from President Trump


Lattice Semiconductor Corporation (NASDAQ:LSCC) today announced the
termination of the acquisition by Canyon Bridge Capital Partners, LLC
("Canyon Bridge") of Lattice Semiconductor following an order from the
President of the United States.

The Committee on Foreign Investment in the United States (CFIUS)
referred the transaction with Canyon Bridge to the U.S. President for a
decision, having been unable to come to an agreement with the parties on
mitigation measures. After consideration, the President prohibited the
proposed transaction on the recommendation of CFIUS in an executive
order dated September 13, 2017.

"The transaction with Canyon Bridge was in the best interests of our
shareholders, our customers, our employees and the United States. We
also believe our CFIUS mitigation proposal was the single most
comprehensive mitigation proposal ever proposed for a foreign
transaction in the semiconductor industry and would have maximized
United States national security protection while still enabling Lattice
to accept Canyon Bridge's investment and double American jobs. While it
is disappointing that we were not able to prevail, the Board and I would
like to thank Canyon Bridge for their support during this time." said
Darin G. Billerbeck, CEO of Lattice Semiconductor.

"We will continue to focus on initiatives that will contribute to
Lattice's long term success, specifically in areas where our affordable,
low power, small form factor devices create advantages. Additionally, we
remain committed to achieving profitable growth by extending processing
and connectivity solutions beyond our core business. Lattice's future
remains bright."

The full text of the order is accessible under: [].

Forward-Looking Statements Notice:

The foregoing paragraphs contain forward-looking statements that involve
estimates, assumptions, risks and uncertainties. Any statements about
our expectations, beliefs, plans, objectives, assumptions or future
events or performance are not historical facts and may be
forward-looking. Such forward-looking statements include statements
relating to: our expectation that we will continue to focus on
initiatives that will contribute to Lattice's long term success and our
focus on achieving profitable growth. Other forward-looking statements
may be indicated by words such as "will," "could," "should," "would,"
"may," "expect," "plan," "project," "anticipate," "intend," "forecast,"
"future," "believe," "estimate," "predict," "propose," "potential,"
"continue" or the negative of these terms or other comparable
terminology; and our expectation that we will remain focused on
maximizing the leverage of our operating model and reduce our
outstanding debt balance. Lattice believes the factors identified below
could cause actual results to differ materially from the forward-looking

Estimates of long term success and whether we achieve profitable growth
are inherently uncertain and are affected by such factors as global
economic conditions, which may affect customer demand, pricing
pressures, competitive actions, the demand for our Mature, Mainstream
and New products, and in particular our iCE40™ and MachXO3L™ devices,
the ability to supply products to customers in a timely manner, changes
in our distribution relationships, or the volatility of our consumer
business. Actual results could vary from the estimates on the basis of,
among other things, changes in revenue levels, changes in product
pricing and mix, changes in wafer, assembly, test and other costs,
including commodity costs, variations in manufacturing yields, the
failure to sustain operational improvements, the actual amount of
compensation charges due to stock price changes. Any unanticipated
declines in revenue or gross margin, any unanticipated increases in our
operating expenses or unanticipated charges could adversely affect our

In addition to the foregoing, other factors that may cause actual
results to differ materially from the forward-looking statements in this
press release include disruptions of our business arising from the
termination of our proposed acquisition by Canyon Bridge Capital
Partners, Inc., global economic uncertainty, overall semiconductor
market conditions, market acceptance and demand for our new products,
the Company's dependencies on its silicon wafer suppliers, the impact of
competitive products and pricing, technological and product development
risks, the failure to achieve the anticipated benefits and synergies of
the Silicon Image transaction. In addition, actual results are subject
to other risks and uncertainties that relate more broadly to our overall
business, including those risks more fully described in Lattice's
filings with the SEC including its annual report on Form 10-K for the
fiscal year ended December 31, 2016, and Lattice's quarterly reports
filed on Form 10-Q.

You should not unduly rely on forward-looking statements because actual
results could differ materially from those expressed in any
forward-looking statements. In addition, any forward-looking statement
applies only as of the date on which it is made. The Company does not
intend to update or revise any forward-looking statements, whether as a
result of events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events.

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