Lattice Semiconductor Corporation (LSCC - Snapshot Report) recently signed a global distribution agreement with Future Electronics, a leading distributor and marketer of electronic components.
Founded in 1968, Future Electronics is a privately-held company and the fourth largest electronics distributor in the world. Headquartered in Quebec, it specializes in the distribution of electronic and electro-mechanical components. The company also has field applications engineers to assist circuit design engineers with product selection and engineering support.
According to the agreement, Future Electronics will promote, sell and support the full range of Lattice’s design solutions. Lattice’s product portfolio consists of energy-efficient power FPGA devices or field programmable gate arrays, complex programmable logic device (CPLD) and programmable power management design solutions. These are used in a wide range of applications, such as portable medical monitors, smartphones, digital cameras, eReaders, compact embedded systems, flat-panel televisions, laptops and many more.
The agreement with Future Electronics should open up new markets for Lattice’s product portfolio and also boost its customer base. Both the companies are trying to provide high-performance energy-efficient solutions for different electronic applications thus meeting end user demand.
We are positive about Lattice’s endeavor to deliver innovative products and technologies to its customers.
Lattice Semiconductor designs, develops and markets high performance programmable logic devices and related development system software. The company’s first quarter revenues were down 0.7% from the year-ago period to $71.2 million. Revenues from FPGA were also down 1.7% year over year to $22.9 million.
Currently, Lattice has a Zacks Rank #3 (Hold). Other stocks that are performing well at current levels include Applied Materials Inc (AMAT - Analyst Report) , FEI Company (FEIC - Snapshot Report) and Lam Research (LRCX - Analyst Report) , all carrying a Zacks Rank #2 (Buy).