Lattice Semiconductor and AMI has inked a merger deal. Under this announced definitive agreement to Lattice to acquire AMI from THL Partners in a deal that will expand its footprint in server, AI, and cloud applications.
The acquisition combines Lattice’s low-power FPGAs with AMI’s platform firmware and infrastructure manageability solutions, creating what the companies describe as a more complete secure management and control platform for cloud and AI systems.
The move is aimed at helping customers tackle some of the biggest challenges in modern datacenters, including modularity, complexity, uptime, and deployment.
Lattice said the deal will support its broader strategy across hardware, security, manageability, and control, while continuing to serve the compute, communications, industrial, and embedded markets with agnostic companion chips and solutions.
The company also expects the acquisition to be accretive to gross margin, free cash flow, and non-GAAP EPS, and to help it move toward a more than $1 billion annual revenue run rate by the fourth quarter of 2026.
Under the terms of the agreement, Lattice will acquire AMI on a cash-free, debt-free basis for total consideration of $1.65 billion. The deal includes $1.0 billion in cash and about $650 million in Lattice common stock, subject to customary adjustments.
The number of shares to be issued will depend on Lattice’s share price before closing, with a minimum of about 5.2 million shares and a maximum of about 6.1 million shares. This also includes certain equity awards for AMI employees, valued at roughly $57.3 million based on Lattice’s closing share price of $120.96 on May 1, 2026.
AMI is expected to generate more than $200 million in revenue in 2026. The transaction is expected to close in the third quarter of 2026, pending customary closing conditions and regulatory approvals. AMI is currently majority owned by THL Partners, a middle-market private equity firm and investor in global semiconductor and compute infrastructure.
Leadership Comments
“We see this acquisition as a strong step forward for our everywhere companion chip strategy and our shared vision of secure management and control solutions,” said Ford Tamer, president and CEO of Lattice. “AMI’s expertise in firmware and infrastructure for 
cloud and AI is a natural extension of our portfolio, and it deepens our role in system-level security, manageability, and control. Together, we expect to create meaningful value for customers and shareholders.”
Sanjoy Maity, CEO of AMI, said the two companies share a long history of collaboration and a common focus on secure system design. “This combination allows us to build on that foundation and extend the reach of AMI’s platform firmware and infrastructure manageability solutions, while preserving the open, silicon-agnostic, multi-vendor support our customers rely on,” he said. “Together, we believe we can deliver more complete and integrated management and control solutions for the systems being designed today and tomorrow.”
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