Lattice has completed its $1.65 billion acquisition of AMI, combining programmable-chip technology with firmware for managing computing platforms. This deal expands Lattice’s capabilities as AI data centers add more servers, processors, networking equipment, and storage systems.
Lattice develops low-power field-programmable gate arrays, or FPGAs, while AMI develops firmware that controls and monitors computing hardware. Together, the businesses can address security and management tasks across both programmable hardware and system firmware.
Lattice Completes the $1.65 Billion AMI Deal
The transaction includes about $1 billion in cash and $650 million in Lattice common stock. Lattice issued about 5.2 million shares as part of the deal.
In addition, the company also used $925 million from a delayed-draw term loan to help fund the cash payment. Following the transaction, AMI became a dedicated Lattice business unit led by Sanjoy Maity, who reports to CEO Ford Tamer.
Furthermore, the acquisition gives Lattice access to AMI’s firmware and infrastructure management products. Those products help computing platforms initialize, monitor, manage, and secure hardware. Lattice can now combine those functions with its FPGA technology instead of addressing them separately.
Combining Hardware Control With Firmware Management
Consequently, the combination targets a specific challenge in modern data centers. Operators must coordinate many hardware components while ensuring each system starts with trusted software.
Moreover, AMI’s firmware operates at the platform level, where it can manage hardware during startup and operation. Lattice FPGAs can provide programmable hardware functions for control and security. Therefore, connecting the two technologies can create tighter coordination between firmware and the underlying hardware.
Additionally, Lattice says the acquisition doubles its addressable market. AMI also expects more than $200 million in 2026 revenue, giving Lattice a new source of sales as it expands beyond its existing FPGA business.
Ford Tamer said the transaction expands Lattice’s solutions and customer relationships. He also said AMI will retain its silicon-neutral approach, allowing its firmware to support different chip platforms.
Why Root-of-Trust Security Matters
The acquisition builds on technology that Lattice and AMI already developed together. In 2022, the companies expanded their partnership around Tektagon XFR, a platform root-of-trust solution for server systems.
A root-of-trust provides a trusted starting point for verifying software. Tektagon can validate firmware, identify unauthorized changes, monitor system activity, and support recovery when problems occur.
Furthermore, the technology connects firmware-level checks with hardware-based security functions. That connection can help prevent compromised software from gaining control during system startup or continued operation.
AMI’s silicon-neutral design also allows its firmware to work across multiple chip platforms. This gives data-center operators flexibility when they use processors and other components from different vendors.
AMI Now Moves Into Its Next Phase
AMI will retain its brand, product portfolio, leadership team, and customer relationships under Lattice ownership. Also, the immediate focus will shift toward integrating AMI into Lattice while maintaining existing products and customer relationships.
Lattice expects third-quarter revenue between $245 million and $265 million, including two months of AMI revenue. Therefore, the acquisition gives Lattice a broader role across data-center infrastructure.
Ultimately, its next results will show how effectively the combined businesses convert that expanded portfolio into revenue.
