Lattice Semiconductor will acquire SiliconBlue Technologies for about $62 million in cash. According to Lattice, the acquisition of SiliconBlue is aligned with their strategic long range plan and will help accelerate their growth strategy in the mobile consumer market. Silicon Blue will further strengthen Lattice’s product roadmap by adding a scalable, low cost, low power nonvolatile memory FPGA, along with key personnel and blue chip customers.
SiliconBlue Technologies develops custom mobile device solutions for the consumer handheld market. Utilizing a single chip, ultra-low power Field Programmable Gate Array (FPGA) fabric, SiliconBlue’s mobileFPGA devices enable mobile designers to quickly add features to mobile platform in areas such as connectivity, memory / storage, sensor management, and video / imaging. SiliconBlue’s mobile FPGA devices have already shipped in the millions of units to top tier consumer OEM’s.
The acquisition is subject to standard closing conditions. The deal is expected to close in the fourth quarter of 2011. Lattice Semiconductor ended the third quarter of 2011 with a cash, cash equivalents and short-term marketable securities balance of $267.2 million.